GBP/NZD - Daily - Technical analysis published on 08/25/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
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.
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
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.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1.8993 | 1.9045 | 1.9128 | 1.9180 | 1.9263 | 1.9315 | 1.9398 |
Camarilla | 1.9173 | 1.9185 | 1.9198 | 1.9210 | 1.9222 | 1.9235 | 1.9247 |
Woodie | 1.9008 | 1.9053 | 1.9143 | 1.9188 | 1.9278 | 1.9323 | 1.9413 |
Fibonacci | 1.9045 | 1.9097 | 1.9129 | 1.9180 | 1.9232 | 1.9264 | 1.9315 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.8498 | 1.8663 | 1.8936 | 1.9101 | 1.9374 | 1.9539 | 1.9812 |
Camarilla | 1.9090 | 1.9130 | 1.9170 | 1.9210 | 1.9250 | 1.9290 | 1.9331 |
Woodie | 1.8553 | 1.8690 | 1.8991 | 1.9128 | 1.9429 | 1.9566 | 1.9867 |
Fibonacci | 1.8663 | 1.8830 | 1.8933 | 1.9101 | 1.9268 | 1.9371 | 1.9539 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.7543 | 1.7911 | 1.8231 | 1.8599 | 1.8919 | 1.9287 | 1.9607 |
Camarilla | 1.8362 | 1.8425 | 1.8488 | 1.8551 | 1.8614 | 1.8677 | 1.8740 |
Woodie | 1.7519 | 1.7899 | 1.8207 | 1.8587 | 1.8895 | 1.9275 | 1.9583 |
Fibonacci | 1.7911 | 1.8174 | 1.8336 | 1.8599 | 1.8862 | 1.9024 | 1.9287 |
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% |
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.
About author
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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