GBP/NZD - 1H - Technical analysis published on 11/07/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
17%
61%
My opinion
Bullish above 2.0166 NZD
My targets
2.0223 NZD (+0.11%)
2.0273 NZD (+0.36%)
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 2.0166 NZD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 2.0223 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 2.0273 NZD as an objective. Crossing it would then enable buyers to target 2.0324 NZD. If the support 2.0166 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
3.4
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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 price is 2.0200 NZD. The price has increased by +0.01% since the last closing and was traded between 2.0158 NZD and 2.0236 NZD over the period. The price is currently at +0.21% from its lowest and -0.18% from its highest.2.0158
2.0236
2.0200
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/NZD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/NZD chart shows a bullish trend. The signals given by moving averages are 75% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 11 are neutral and 3 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
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
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 2.0072 | 2.0104 | 2.0166 | 2.0200 | 2.0223 | 2.0273 | 2.0324 |
Change (%) | -0.63% | -0.48% | -0.17% | - | +0.11% | +0.36% | +0.61% |
Change | -0.0128 | -0.0096 | -0.0034 | - | +0.0023 | +0.0073 | +0.0124 |
Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 2.0086 | 2.0127 | 2.0162 | 2.0203 | 2.0238 | 2.0279 | 2.0314 |
Camarilla | 2.0177 | 2.0184 | 2.0191 | 2.0198 | 2.0205 | 2.0212 | 2.0219 |
Woodie | 2.0084 | 2.0126 | 2.0160 | 2.0202 | 2.0236 | 2.0278 | 2.0312 |
Fibonacci | 2.0127 | 2.0156 | 2.0174 | 2.0203 | 2.0232 | 2.0250 | 2.0279 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.9769 | 1.9920 | 2.0022 | 2.0173 | 2.0275 | 2.0426 | 2.0528 |
Camarilla | 2.0054 | 2.0078 | 2.0101 | 2.0124 | 2.0147 | 2.0170 | 2.0194 |
Woodie | 1.9745 | 1.9908 | 1.9998 | 2.0161 | 2.0251 | 2.0414 | 2.0504 |
Fibonacci | 1.9920 | 2.0017 | 2.0076 | 2.0173 | 2.0270 | 2.0329 | 2.0426 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.8223 | 1.8767 | 1.9471 | 2.0015 | 2.0719 | 2.1263 | 2.1967 |
Camarilla | 1.9831 | 1.9945 | 2.0060 | 2.0174 | 2.0288 | 2.0403 | 2.0517 |
Woodie | 1.8302 | 1.8807 | 1.9550 | 2.0055 | 2.0798 | 2.1303 | 2.2046 |
Fibonacci | 1.8767 | 1.9244 | 1.9539 | 2.0015 | 2.0492 | 2.0787 | 2.1263 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 50.50 | |
MACD (12,26,9): | 0.0008 | |
Directional Movement: | -11.2204 | |
AROON (14): | -42.8571 | |
DEMA (21): | 2.0218 | |
Parabolic SAR (0,02-0,02-0,2): | 2.0234 | |
Elder Ray (13): | -0.0011 | |
Super Trend (3,10): | 2.0159 | |
Zig ZAG (10): | 2.0206 | |
VORTEX (21): | 0.9912 | |
Stochastique (14,3,5): | 59.20 | |
TEMA (21): | 2.0215 | |
Williams %R (14): | -41.03 | |
Chande Momentum Oscillator (20): | 0.0009 | |
Repulse (5,40,3): | 0.0085 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0066 | |
Courbe Coppock: | 0.24 |
MA7: | 2.0155 | |
MA20: | 2.0176 | |
MA50: | 1.9770 | |
MA100: | 1.9290 | |
MAexp7: | 2.0210 | |
MAexp20: | 2.0206 | |
MAexp50: | 2.0188 | |
MAexp100: | 2.0176 | |
Price / MA7: | +0.22% | |
Price / MA20: | +0.12% | |
Price / MA50: | +2.18% | |
Price / MA100: | +4.72% | |
Price / MAexp7: | -0.05% | |
Price / MAexp20: | -0.03% | |
Price / MAexp50: | +0.06% | |
Price / MAexp100: | +0.12% |
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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