GBP/NZD - 1H - Technical analysis published on 05/16/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 1.9513 NZD
My targets
1.9618 NZD (+0.0052)
1.9748 NZD (+0.0182)
My analysis
The bullish trend is currently very strong on GBP/NZD. As long as the price remains above the support at 1.9513 NZD, you could try to benefit from the boom. The first bullish objective is located at 1.9618 NZD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.9748 NZD as an objective. Crossing it would then enable buyers to target 1.9993 NZD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/NZD rating is 1.9566 NZD. On the day, this instrument gained +0.32% and was traded between 1.9483 NZD and 1.9651 NZD over the period. The price is currently at +0.43% from its lowest and -0.43% from its highest.1.9483
1.9651
1.9566
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/NZD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/NZD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.9316 | 1.9410 | 1.9513 | 1.9566 | 1.9573 | 1.9618 | 1.9748 |
| Change (%) | -1.28% | -0.80% | -0.27% | - | +0.04% | +0.27% | +0.93% |
| Change | -0.0250 | -0.0156 | -0.0053 | - | +0.0007 | +0.0052 | +0.0182 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9369 | 1.9424 | 1.9464 | 1.9519 | 1.9559 | 1.9614 | 1.9654 |
| Camarilla | 1.9478 | 1.9487 | 1.9495 | 1.9504 | 1.9513 | 1.9521 | 1.9530 |
| Woodie | 1.9362 | 1.9420 | 1.9457 | 1.9515 | 1.9552 | 1.9610 | 1.9647 |
| Fibonacci | 1.9424 | 1.9460 | 1.9483 | 1.9519 | 1.9555 | 1.9578 | 1.9614 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8923 | 1.9086 | 1.9295 | 1.9458 | 1.9667 | 1.9830 | 2.0039 |
| Camarilla | 1.9402 | 1.9436 | 1.9470 | 1.9504 | 1.9538 | 1.9572 | 1.9606 |
| Woodie | 1.8946 | 1.9098 | 1.9318 | 1.9470 | 1.9690 | 1.9842 | 2.0062 |
| Fibonacci | 1.9086 | 1.9228 | 1.9316 | 1.9458 | 1.9600 | 1.9688 | 1.9830 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8165 | 1.8438 | 1.8952 | 1.9225 | 1.9739 | 2.0012 | 2.0526 |
| Camarilla | 1.9249 | 1.9321 | 1.9393 | 1.9465 | 1.9537 | 1.9609 | 1.9681 |
| Woodie | 1.8285 | 1.8498 | 1.9072 | 1.9285 | 1.9859 | 2.0072 | 2.0646 |
| Fibonacci | 1.8438 | 1.8739 | 1.8925 | 1.9225 | 1.9526 | 1.9712 | 2.0012 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.22 | |
| MACD (12,26,9): | 0.0015 | |
| Directional Movement: | 11.2225 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.9577 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9512 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 1.9507 | |
| Zig ZAG (10): | 1.9565 | |
| VORTEX (21): | 1.0371 | |
| Stochastique (14,3,5): | 63.95 | |
| TEMA (21): | 1.9587 | |
| Williams %R (14): | -48.26 | |
| Chande Momentum Oscillator (20): | 0.0063 | |
| Repulse (5,40,3): | -0.1904 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0048 | |
| Courbe Coppock: | 0.52 |
| MA7: | 1.9490 | |
| MA20: | 1.9364 | |
| MA50: | 1.9190 | |
| MA100: | 1.9640 | |
| MAexp7: | 1.9582 | |
| MAexp20: | 1.9562 | |
| MAexp50: | 1.9545 | |
| MAexp100: | 1.9519 | |
| Price / MA7: | +0.39% | |
| Price / MA20: | +1.04% | |
| Price / MA50: | +1.96% | |
| Price / MA100: | -0.38% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.24% |
Quotes :
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Real time data
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Forex
News
The last news published on GBP/NZD at the time of the generation of this analysis was as follows:
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Why I'm looking to buy GBPNZD: Coleman
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Why I'm looking to buy GBPNZD: Coleman
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GBP/NZD: Pound Has Upperhand
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Forex Trading Video: GBP/NZD The Cross Roads of BoE and RBNZ, Dollar Faces Wave of Data
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Forex Strategy Video: Time Frame Matters on Entry from Themes Like Risk Trends to GBPNZD
This member declared not having a position on this financial instrument or a related financial instrument.
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