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

GBP/NZD - 1H - Technical analysis published on 10/01/2019 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.9713 NZD
My targets
1.9816 NZD (+0.44%)
1.9875 NZD (+0.73%)
My analysis
The bullish trend is currently very strong on GBP/NZD. As long as the price remains above the support at 1.9713 NZD, you could try to benefit from the boom. The first bullish objective is located at 1.9816 NZD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.9875 NZD as an objective. Crossing it would then enable buyers to target 1.9933 NZD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/NZD rating is 1.9730 NZD. The price registered an increase of +0.54% on the session and was traded between 1.9595 NZD and 1.9771 NZD over the period. The price is currently at +0.69% from its lowest and -0.21% from its highest.

1.9595
1.9771
1.9730

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of GBP/NZD indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.9566 1.9640 1.9713 1.9730 1.9816 1.9875 1.9933
Change (%) -0.83% -0.46% -0.09% - +0.44% +0.73% +1.03%
Change -0.0164 -0.0090 -0.0017 - +0.0086 +0.0145 +0.0203
Level Intermediate Minor Intermediate - 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
Standard1.93751.94501.95381.96131.97011.97761.9864
Camarilla1.95801.95951.96101.96251.96401.96551.9670
Woodie1.93811.94531.95441.96161.97071.97791.9870
Fibonacci1.94501.95131.95511.96131.96761.97141.9776


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.89501.92261.93721.96481.97942.00702.0216
Camarilla1.94031.94421.94801.95191.95581.95961.9635
Woodie1.88861.91941.93081.96161.97302.00382.0152
Fibonacci1.92261.93871.94871.96481.98091.99092.0070


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.80701.85321.90791.95412.00882.05502.1097
Camarilla1.93481.94401.95331.96251.97181.98101.9903
Woodie1.81121.85531.91211.95622.01302.05712.1139
Fibonacci1.85321.89181.91561.95411.99272.01652.0550

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): 67.19
MACD (12,26,9): 0.0031
Directional Movement: 10.8658
AROON (14): 28.5714
DEMA (21): 1.9711
Parabolic SAR (0,02-0,02-0,2): 1.9622
Elder Ray (13): 0.0046
Super Trend (3,10): 1.9616
Zig ZAG (10): 1.9725
VORTEX (21): 1.1465
Stochastique (14,3,5): 82.04
TEMA (21): 1.9724
Williams %R (14): -28.41
Chande Momentum Oscillator (20): 0.0080
Repulse (5,40,3): 0.0537
ROCnROLL: 1
TRIX (15,9): 0.0162
Courbe Coppock: 0.78
MA7: 1.9664
MA20: 1.9538
MA50: 1.9122
MA100: 1.9111
MAexp7: 1.9708
MAexp20: 1.9674
MAexp50: 1.9641
MAexp100: 1.9645
Price / MA7: +0.34%
Price / MA20: +0.98%
Price / MA50: +3.18%
Price / MA100: +3.24%
Price / MAexp7: +0.11%
Price / MAexp20: +0.28%
Price / MAexp50: +0.45%
Price / MAexp100: +0.43%

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

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