GBP/NZD - 1H - Technical analysis published on 10/12/2022 (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:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.9700 NZD
My targets
1.9841 NZD (+0.0047)
1.9924 NZD (+0.0130)
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 1.9700 NZD, a purchase could be considered. The first bullish objective is located at 1.9841 NZD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.9924 NZD as an objective. Crossing it would then enable buyers to target 2.0085 NZD. In the event of a return below 1.9700 NZD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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Additional analysis
Quotes
GBP/NZD rating 1.9794 NZD. The price registered an increase of +0.79% on the session and was traded between 1.9577 NZD and 1.9823 NZD over the period. The price is currently at +1.11% from its lowest and -0.15% from its highest.1.9577
1.9823
1.9794
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/NZD in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.9553 | 1.9639 | 1.9700 | 1.9794 | 1.9841 | 1.9924 | 2.0085 |
| Change (%) | -1.22% | -0.78% | -0.47% | - | +0.24% | +0.66% | +1.47% |
| Change | -0.0241 | -0.0155 | -0.0094 | - | +0.0047 | +0.0130 | +0.0291 |
| Level | Intermediate | Major | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9231 | 1.9427 | 1.9532 | 1.9728 | 1.9833 | 2.0029 | 2.0134 |
| Camarilla | 1.9555 | 1.9583 | 1.9610 | 1.9638 | 1.9666 | 1.9693 | 1.9721 |
| Woodie | 1.9187 | 1.9404 | 1.9488 | 1.9705 | 1.9789 | 2.0006 | 2.0090 |
| Fibonacci | 1.9427 | 1.9542 | 1.9613 | 1.9728 | 1.9843 | 1.9914 | 2.0029 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8976 | 1.9265 | 1.9508 | 1.9797 | 2.0040 | 2.0329 | 2.0572 |
| Camarilla | 1.9606 | 1.9655 | 1.9703 | 1.9752 | 1.9801 | 1.9850 | 1.9898 |
| Woodie | 1.8954 | 1.9254 | 1.9486 | 1.9786 | 2.0018 | 2.0318 | 2.0550 |
| Fibonacci | 1.9265 | 1.9468 | 1.9593 | 1.9797 | 2.0000 | 2.0125 | 2.0329 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6896 | 1.7514 | 1.8729 | 1.9347 | 2.0562 | 2.1180 | 2.2395 |
| Camarilla | 1.9439 | 1.9607 | 1.9775 | 1.9943 | 2.0111 | 2.0279 | 2.0447 |
| Woodie | 1.7194 | 1.7663 | 1.9027 | 1.9496 | 2.0860 | 2.1329 | 2.2693 |
| Fibonacci | 1.7514 | 1.8215 | 1.8647 | 1.9347 | 2.0048 | 2.0480 | 2.1180 |
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): | 57.21 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 6.3898 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 1.9756 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9656 | |
| Elder Ray (13): | 0.0037 | |
| Super Trend (3,10): | 1.9629 | |
| Zig ZAG (10): | 1.9792 | |
| VORTEX (21): | 1.1176 | |
| Stochastique (14,3,5): | 84.69 | |
| TEMA (21): | 1.9785 | |
| Williams %R (14): | -11.38 | |
| Chande Momentum Oscillator (20): | 0.0178 | |
| Repulse (5,40,3): | 0.1863 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0002 | |
| Courbe Coppock: | 1.27 |
| MA7: | 1.9772 | |
| MA20: | 1.9443 | |
| MA50: | 1.9216 | |
| MA100: | 1.9298 | |
| MAexp7: | 1.9774 | |
| MAexp20: | 1.9745 | |
| MAexp50: | 1.9751 | |
| MAexp100: | 1.9750 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | +1.81% | |
| Price / MA50: | +3.01% | |
| Price / MA100: | +2.57% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.22% |
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
-
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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