GBP/NZD - 1H - Technical analysis published on 08/17/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
28%
11%
61%
My opinion
Bullish above 1.9031 NZD
My targets
1.9106 NZD (+0.0037)
1.9191 NZD (+0.0122)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on GBP/NZD. This is a positive signal for buyers. As long as the price remains above 1.9031 NZD, a purchase could be considered. The first bullish objective is located at 1.9106 NZD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.9191 NZD as an objective. Crossing it would then enable buyers to target 1.9301 NZD. In the event of a return below 1.9031 NZD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/NZD rating 1.9069 NZD. On the day, this instrument lost -0.01% and was between 1.8977 NZD and 1.9134 NZD. This implies that the price is at +0.48% from its lowest and at -0.34% from its highest.1.8977
1.9134
1.9069
Here is a more detailed summary of the historical variations registered by GBP/NZD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
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 bullish. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 11 are neutral and 2 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.8827 | 1.8925 | 1.9031 | 1.9069 | 1.9106 | 1.9191 | 1.9301 |
| Change (%) | -1.27% | -0.76% | -0.20% | - | +0.19% | +0.64% | +1.22% |
| Change | -0.0242 | -0.0144 | -0.0038 | - | +0.0037 | +0.0122 | +0.0232 |
| Level | Major | Major | Minor | - | Intermediate | Major | 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 | 1.8783 | 1.8854 | 1.8963 | 1.9034 | 1.9143 | 1.9214 | 1.9323 |
| Camarilla | 1.9022 | 1.9038 | 1.9055 | 1.9071 | 1.9088 | 1.9104 | 1.9121 |
| Woodie | 1.8801 | 1.8864 | 1.8981 | 1.9044 | 1.9161 | 1.9224 | 1.9341 |
| Fibonacci | 1.8854 | 1.8923 | 1.8966 | 1.9034 | 1.9103 | 1.9146 | 1.9214 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8021 | 1.8403 | 1.8604 | 1.8986 | 1.9187 | 1.9569 | 1.9770 |
| Camarilla | 1.8644 | 1.8697 | 1.8751 | 1.8804 | 1.8857 | 1.8911 | 1.8964 |
| Woodie | 1.7930 | 1.8358 | 1.8513 | 1.8941 | 1.9096 | 1.9524 | 1.9679 |
| Fibonacci | 1.8403 | 1.8626 | 1.8764 | 1.8986 | 1.9209 | 1.9347 | 1.9569 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8506 | 1.8787 | 1.9075 | 1.9356 | 1.9644 | 1.9925 | 2.0213 |
| Camarilla | 1.9208 | 1.9260 | 1.9312 | 1.9364 | 1.9416 | 1.9468 | 1.9521 |
| Woodie | 1.8511 | 1.8789 | 1.9080 | 1.9358 | 1.9649 | 1.9927 | 2.0218 |
| Fibonacci | 1.8787 | 1.9004 | 1.9138 | 1.9356 | 1.9573 | 1.9707 | 1.9925 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.98 | |
| MACD (12,26,9): | 0.0024 | |
| Directional Movement: | 0.9500 | |
| AROON (14): | -7.1428 | |
| DEMA (21): | 1.9090 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9128 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 1.9015 | |
| Zig ZAG (10): | 1.9066 | |
| VORTEX (21): | 1.0855 | |
| Stochastique (14,3,5): | 58.60 | |
| TEMA (21): | 1.9087 | |
| Williams %R (14): | -43.95 | |
| Chande Momentum Oscillator (20): | -0.0011 | |
| Repulse (5,40,3): | 0.0109 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0230 | |
| Courbe Coppock: | 0.17 |
| MA7: | 1.9017 | |
| MA20: | 1.9216 | |
| MA50: | 1.9335 | |
| MA100: | 1.9317 | |
| MAexp7: | 1.9071 | |
| MAexp20: | 1.9056 | |
| MAexp50: | 1.9012 | |
| MAexp100: | 1.9013 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | -0.76% | |
| Price / MA50: | -1.38% | |
| Price / MA100: | -1.28% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.31% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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