GBP/NZD - 1H - Technical analysis published on 08/13/2019 (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
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.8737 NZD
My targets
1.8676 NZD (-0.04%)
1.8570 NZD (-0.60%)
My analysis
In the short term, we can see an acceleration in the bearish trend on GBP/NZD, which is a positive signal for sellers. As long as the price remains above 1.8737 NZD, a sale could be considered. The first bearish objective is located at 1.8676 NZD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.8570 NZD as an objective. Crossing it would then enable sellers to target 1.8439 NZD. If the price were to return above 1.8737 NZD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
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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 1.8683 NZD. The price registered a decrease of -0.26% on the session and was between 1.8647 NZD and 1.8832 NZD. This implies that the price is at +0.19% from its lowest and at -0.79% from its highest.1.8647
1.8832
1.8683
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this GBP/NZD chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of triangle 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 | 1.8439 | 1.8570 | 1.8676 | 1.8683 | 1.8737 | 1.8875 | 1.8947 |
| Change (%) | -1.31% | -0.60% | -0.04% | - | +0.29% | +1.03% | +1.41% |
| Change | -0.0244 | -0.0113 | -0.0007 | - | +0.0054 | +0.0192 | +0.0264 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.8482 | 1.8543 | 1.8637 | 1.8698 | 1.8792 | 1.8853 | 1.8947 |
| Camarilla | 1.8689 | 1.8704 | 1.8718 | 1.8732 | 1.8746 | 1.8760 | 1.8775 |
| Woodie | 1.8500 | 1.8551 | 1.8655 | 1.8706 | 1.8810 | 1.8861 | 1.8965 |
| Fibonacci | 1.8543 | 1.8602 | 1.8639 | 1.8698 | 1.8757 | 1.8794 | 1.8853 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7478 | 1.7879 | 1.8615 | 1.9016 | 1.9752 | 2.0153 | 2.0889 |
| Camarilla | 1.9039 | 1.9144 | 1.9248 | 1.9352 | 1.9456 | 1.9560 | 1.9665 |
| Woodie | 1.7647 | 1.7963 | 1.8784 | 1.9100 | 1.9921 | 2.0237 | 2.1058 |
| Fibonacci | 1.7879 | 1.8313 | 1.8581 | 1.9016 | 1.9450 | 1.9718 | 2.0153 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7490 | 1.7884 | 1.8621 | 1.9015 | 1.9752 | 2.0146 | 2.0883 |
| Camarilla | 1.9046 | 1.9150 | 1.9253 | 1.9357 | 1.9461 | 1.9564 | 1.9668 |
| Woodie | 1.7661 | 1.7970 | 1.8792 | 1.9101 | 1.9923 | 2.0232 | 2.1054 |
| Fibonacci | 1.7884 | 1.8316 | 1.8583 | 1.9015 | 1.9447 | 1.9714 | 2.0146 |
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): | 43.50 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | -2.4888 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 1.8727 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.8828 | |
| Elder Ray (13): | -0.0029 | |
| Super Trend (3,10): | 1.8820 | |
| Zig ZAG (10): | 1.8689 | |
| VORTEX (21): | 0.9271 | |
| Stochastique (14,3,5): | 25.17 | |
| TEMA (21): | 1.8724 | |
| Williams %R (14): | -77.30 | |
| Chande Momentum Oscillator (20): | -0.0023 | |
| Repulse (5,40,3): | -0.2369 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0081 | |
| Courbe Coppock: | 0.05 |
| MA7: | 1.8896 | |
| MA20: | 1.8673 | |
| MA50: | 1.8867 | |
| MA100: | 1.9164 | |
| MAexp7: | 1.8717 | |
| MAexp20: | 1.8718 | |
| MAexp50: | 1.8707 | |
| MAexp100: | 1.8697 | |
| Price / MA7: | -1.13% | |
| Price / MA20: | +0.05% | |
| Price / MA50: | -0.98% | |
| Price / MA100: | -2.51% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.07% |
News
The latest news and videos published on GBP/NZD at the time of the analysis were as follows:
-
Why I'm looking to buy GBPNZD: Coleman
-
Why I'm looking to buy GBPNZD: Coleman
-
GBP/NZD: Pound Has Upperhand
-
Forex Trading Video: GBP/NZD The Cross Roads of BoE and RBNZ, Dollar Faces Wave of Data
-
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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