GBP/NZD - 1H - Technical analysis published on 06/07/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 1.9304 NZD
My targets
1.9382 NZD (+0.0038)
1.9410 NZD (+0.0066)
My analysis
The bullish trend is currently very strong on GBP/NZD. As long as the price remains above the support at 1.9304 NZD, you could try to benefit from the boom. The first bullish objective is located at 1.9382 NZD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.9410 NZD as an objective. Crossing it would then enable buyers to target 1.9493 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 1.9344 NZD. The price has increased by +0.14% since the last closing with the lowest point at 1.9275 NZD and the highest point at 1.9366 NZD. The deviation from the price is +0.36% for the low point and -0.11% for the high point.1.9275
1.9366
1.9344
Here is a more detailed summary of the historical variations registered by GBP/NZD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/NZD indicates that the overall trend is strongly bullish. 82.14% 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.9207 | 1.9259 | 1.9304 | 1.9344 | 1.9382 | 1.9410 | 1.9493 |
| Change (%) | -0.71% | -0.44% | -0.21% | - | +0.20% | +0.34% | +0.77% |
| Change | -0.0137 | -0.0085 | -0.0040 | - | +0.0038 | +0.0066 | +0.0149 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9043 | 1.9104 | 1.9210 | 1.9271 | 1.9377 | 1.9438 | 1.9544 |
| Camarilla | 1.9271 | 1.9286 | 1.9302 | 1.9317 | 1.9332 | 1.9348 | 1.9363 |
| Woodie | 1.9067 | 1.9115 | 1.9234 | 1.9282 | 1.9401 | 1.9449 | 1.9568 |
| Fibonacci | 1.9104 | 1.9168 | 1.9207 | 1.9271 | 1.9335 | 1.9374 | 1.9438 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8802 | 1.8972 | 1.9080 | 1.9250 | 1.9358 | 1.9528 | 1.9636 |
| Camarilla | 1.9112 | 1.9137 | 1.9163 | 1.9188 | 1.9214 | 1.9239 | 1.9265 |
| Woodie | 1.8771 | 1.8957 | 1.9049 | 1.9235 | 1.9327 | 1.9513 | 1.9605 |
| Fibonacci | 1.8972 | 1.9078 | 1.9144 | 1.9250 | 1.9356 | 1.9422 | 1.9528 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8396 | 1.8717 | 1.9032 | 1.9353 | 1.9668 | 1.9989 | 2.0304 |
| Camarilla | 1.9171 | 1.9229 | 1.9288 | 1.9346 | 1.9404 | 1.9463 | 1.9521 |
| Woodie | 1.8392 | 1.8716 | 1.9028 | 1.9352 | 1.9664 | 1.9988 | 2.0300 |
| Fibonacci | 1.8717 | 1.8960 | 1.9110 | 1.9353 | 1.9596 | 1.9746 | 1.9989 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 66.79 | |
| MACD (12,26,9): | 0.0024 | |
| Directional Movement: | 4.4993 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 1.9338 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9277 | |
| Elder Ray (13): | 0.0009 | |
| Super Trend (3,10): | 1.9258 | |
| Zig ZAG (10): | 1.9342 | |
| VORTEX (21): | 1.1275 | |
| Stochastique (14,3,5): | 55.68 | |
| TEMA (21): | 1.9344 | |
| Williams %R (14): | -26.37 | |
| Chande Momentum Oscillator (20): | 0.0038 | |
| Repulse (5,40,3): | 0.1849 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0203 | |
| Courbe Coppock: | 0.45 |
| MA7: | 1.9275 | |
| MA20: | 1.9421 | |
| MA50: | 1.9285 | |
| MA100: | 1.9551 | |
| MAexp7: | 1.9326 | |
| MAexp20: | 1.9304 | |
| MAexp50: | 1.9271 | |
| MAexp100: | 1.9269 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | -0.40% | |
| Price / MA50: | +0.31% | |
| Price / MA100: | -1.06% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +0.39% |
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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