GBP/NZD

- NZD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPNZD
ISIN:

GBP/NZD - Daily - Technical analysis published on 10/08/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Neutral

De fond: Bullish

Technical indicators

22%

50%

28%

My opinion

Bullish above 1.9396 NZD

My targets

1.9566 NZD (+0.87%)

1.9816 NZD (+2.15%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBP/NZD. As long as you are above the support located at 1.9396 NZD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.9566 NZD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.9816 NZD as an objective. Crossing it would then enable buyers to target 1.9933 NZD. If the support 1.9396 NZD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

FORCE

1.3

Comment on the analysis

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:

Additional analysis

Quotes

GBP/NZD rating 1.9398 NZD. The price registered a decrease of -0.68% on the session with the lowest point at 1.9316 NZD and the highest point at 1.9541 NZD. The deviation from the price is +0.42% for the low point and -0.73% for the high point.

1.9316

1.9541

1.9398

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GBP/NZD in Daily shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.8952	1.9070	1.9396	1.9398	1.9566	1.9816	1.9933
Change (%)	-2.30%	-1.69%	-0.01%	-	+0.87%	+2.15%	+2.76%
Change	-0.0446	-0.0328	-0.0002	-	+0.0168	+0.0418	+0.0535
Level	Intermediate	Minor	Major	-	Minor	Major	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	1.9315	1.9394	1.9462	1.9541	1.9609	1.9688	1.9756
Camarilla	1.9491	1.9504	1.9518	1.9531	1.9545	1.9558	1.9571
Woodie	1.9311	1.9391	1.9458	1.9538	1.9605	1.9685	1.9752
Fibonacci	1.9394	1.9450	1.9485	1.9541	1.9597	1.9632	1.9688

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.8987	1.9196	1.9358	1.9567	1.9729	1.9938	2.0100
Camarilla	1.9419	1.9453	1.9487	1.9521	1.9555	1.9589	1.9623
Woodie	1.8965	1.9184	1.9336	1.9555	1.9707	1.9926	2.0078
Fibonacci	1.9196	1.9337	1.9425	1.9567	1.9708	1.9796	1.9938

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.8070	1.8532	1.9079	1.9541	2.0088	2.0550	2.1097
Camarilla	1.9348	1.9440	1.9533	1.9625	1.9718	1.9810	1.9903
Woodie	1.8112	1.8553	1.9121	1.9562	2.0130	2.0571	2.1139
Fibonacci	1.8532	1.8918	1.9156	1.9541	1.9927	2.0165	2.0550

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):	46.43
MACD (12,26,9):	0.0076
Directional Movement:	-4.3249
AROON (14):	-85.7143
DEMA (21):	1.9662
Parabolic SAR (0,02-0,02-0,2):	1.9845
Elder Ray (13):	-0.0133
Super Trend (3,10):	1.9384
Zig ZAG (10):	1.9397
VORTEX (21):	1.0692
Stochastique (14,3,5):	17.48
TEMA (21):	1.9604
Williams %R (14):	-87.50
Chande Momentum Oscillator (20):	-0.0533
Repulse (5,40,3):	-0.8121
ROCnROLL:	-1
TRIX (15,9):	0.1036
Courbe Coppock:	0.50

MA7:	1.9569
MA20:	1.9609
MA50:	1.9218
MA100:	1.9111
MAexp7:	1.9539
MAexp20:	1.9530
MAexp50:	1.9336
MAexp100:	1.9232
Price / MA7:	-0.87%
Price / MA20:	-1.08%
Price / MA50:	+0.94%
Price / MA100:	+1.50%
Price / MAexp7:	-0.72%
Price / MAexp20:	-0.68%
Price / MAexp50:	+0.32%
Price / MAexp100:	+0.86%

News

The latest news and videos published on GBP/NZD at the time of the analysis were as follows:

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

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