GBP/NZD
GBP NZD
- NZD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPNZD
ISIN:

GBP/NZD - Daily - Technical analysis published on 08/25/2019 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Slightly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 1.9197 NZD
My targets
1.9401 NZD (+0.58%)
1.9566 NZD (+1.43%)
My analysis
The strong short-term increase for GBP/NZD reinforces the current slightly bullish trend. As long as the price remains above 1.9197 NZD, you could take advantage of this bullish acceleration. The first bullish objective is located at 1.9401 NZD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.9566 NZD as an objective. Crossing it would then enable buyers to target 1.9816 NZD. A return to 1.9197 NZD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The GBP/NZD rating is 1.9290 NZD. The price registered an increase of +0.42% on the session and was between 1.9193 NZD and 1.9344 NZD. This implies that the price is at +0.51% from its lowest and at -0.28% from its highest.

1.9193
1.9344
1.9290

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of GBP/NZD indicates that the overall trend is slightly bullish. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily



The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.8737 1.8947 1.9197 1.9290 1.9401 1.9566 1.9816
Change (%) -2.87% -1.78% -0.48% - +0.58% +1.43% +2.73%
Change -0.0553 -0.0343 -0.0093 - +0.0111 +0.0276 +0.0526
Level Major Major Minor - Major Minor Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.89931.90451.91281.91801.92631.93151.9398
Camarilla1.91731.91851.91981.92101.92221.92351.9247
Woodie1.90081.90531.91431.91881.92781.93231.9413
Fibonacci1.90451.90971.91291.91801.92321.92641.9315


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.84981.86631.89361.91011.93741.95391.9812
Camarilla1.90901.91301.91701.92101.92501.92901.9331
Woodie1.85531.86901.89911.91281.94291.95661.9867
Fibonacci1.86631.88301.89331.91011.92681.93711.9539


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.75431.79111.82311.85991.89191.92871.9607
Camarilla1.83621.84251.84881.85511.86141.86771.8740
Woodie1.75191.78991.82071.85871.88951.92751.9583
Fibonacci1.79111.81741.83361.85991.88621.90241.9287

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): 70.03
MACD (12,26,9): 0.0117
Directional Movement: 21.7958
AROON (14): 100.0000
DEMA (21): 1.8999
Parabolic SAR (0,02-0,02-0,2): 1.8655
Elder Ray (13): 0.0308
Super Trend (3,10): 1.8735
Zig ZAG (10): 1.9305
VORTEX (21): 1.1279
Stochastique (14,3,5): 91.91
TEMA (21): 1.9165
Williams %R (14): -6.54
Chande Momentum Oscillator (20): 0.0571
Repulse (5,40,3): 1.5834
ROCnROLL: 1
TRIX (15,9): 0.0322
Courbe Coppock: 5.07
MA7: 1.9061
MA20: 1.8785
MA50: 1.8812
MA100: 1.9133
MAexp7: 1.9081
MAexp20: 1.8885
MAexp50: 1.8884
MAexp100: 1.9000
Price / MA7: +1.20%
Price / MA20: +2.69%
Price / MA50: +2.54%
Price / MA100: +0.82%
Price / MAexp7: +1.10%
Price / MAexp20: +2.14%
Price / MAexp50: +2.15%
Price / MAexp100: +1.53%

This member declared not having a position on this financial instrument or a related financial instrument.

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