GBP/NZD - 1H - Technical analysis published on 10/25/2022 (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
83%
6%
11%
My opinion
Bullish above 1.9841 NZD
My targets
1.9978 NZD (+0.0038)
2.0099 NZD (+0.0159)
My analysis
GBP/NZD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.9841 NZD. The next resistance located at 1.9978 NZD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.0099 NZD. After this resistance, buyers could then target 2.0208 NZD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.9
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Additional analysis
Quotes
The GBP/NZD price is 1.9940 NZD. The price has increased by +0.60% since the last closing and was traded between 1.9732 NZD and 1.9973 NZD over the period. The price is currently at +1.05% from its lowest and -0.17% from its highest.1.9732
1.9973
1.9940
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/NZD chart shows a strongly bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
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 | 1.9561 | 1.9636 | 1.9841 | 1.9940 | 1.9978 | 2.0099 | 2.0208 |
| Change (%) | -1.90% | -1.52% | -0.50% | - | +0.19% | +0.80% | +1.34% |
| Change | -0.0379 | -0.0304 | -0.0099 | - | +0.0038 | +0.0159 | +0.0268 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Major |
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 | 1.9294 | 1.9462 | 1.9642 | 1.9810 | 1.9990 | 2.0158 | 2.0338 |
| Camarilla | 1.9726 | 1.9758 | 1.9790 | 1.9822 | 1.9854 | 1.9886 | 1.9918 |
| Woodie | 1.9300 | 1.9465 | 1.9648 | 1.9813 | 1.9996 | 2.0161 | 2.0344 |
| Fibonacci | 1.9462 | 1.9595 | 1.9677 | 1.9810 | 1.9943 | 2.0025 | 2.0158 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8601 | 1.9081 | 1.9360 | 1.9840 | 2.0119 | 2.0599 | 2.0878 |
| Camarilla | 1.9430 | 1.9500 | 1.9569 | 1.9639 | 1.9709 | 1.9778 | 1.9848 |
| Woodie | 1.8501 | 1.9031 | 1.9260 | 1.9790 | 2.0019 | 2.0549 | 2.0778 |
| Fibonacci | 1.9081 | 1.9371 | 1.9550 | 1.9840 | 2.0130 | 2.0309 | 2.0599 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 65.13 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 17.8109 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 1.9841 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.9738 | |
| Elder Ray (13): | 0.0098 | |
| Super Trend (3,10): | 1.9753 | |
| Zig ZAG (10): | 1.9924 | |
| VORTEX (21): | 0.9866 | |
| Stochastique (14,3,5): | 72.88 | |
| TEMA (21): | 1.9839 | |
| Williams %R (14): | -19.50 | |
| Chande Momentum Oscillator (20): | 0.0103 | |
| Repulse (5,40,3): | 0.6033 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0071 | |
| Courbe Coppock: | 0.17 |
| MA7: | 1.9853 | |
| MA20: | 1.9784 | |
| MA50: | 1.9360 | |
| MA100: | 1.9352 | |
| MAexp7: | 1.9842 | |
| MAexp20: | 1.9824 | |
| MAexp50: | 1.9803 | |
| MAexp100: | 1.9810 | |
| Price / MA7: | +0.44% | |
| Price / MA20: | +0.79% | |
| Price / MA50: | +3.00% | |
| Price / MA100: | +3.04% | |
| Price / MAexp7: | +0.49% | |
| Price / MAexp20: | +0.59% | |
| Price / MAexp50: | +0.69% | |
| Price / MAexp100: | +0.66% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on GBP/NZD at the time of the analysis were 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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