GBP/NZD - 1H - Technical analysis published on 12/06/2019 (GMT)
- 202
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 2.0012 NZD
My targets
1.9901 NZD (-0.0086)
1.9859 NZD (-0.0128)
My analysis
In the short term, we can see an acceleration in the bearish trend on GBP/NZD, which is a positive signal for sellers. As long as the price remains above 2.0012 NZD, a sale could be considered. The first bearish objective is located at 1.9901 NZD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.9859 NZD as an objective. Crossing it would then enable sellers to target 1.9816 NZD. If the price were to return above 2.0012 NZD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
4.5
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
The GBP/NZD price is 1.9987 NZD. The price registered a decrease of -0.61% on the session with the lowest point at 1.9976 NZD and the highest point at 2.0116 NZD. The deviation from the price is +0.06% for the low point and -0.64% for the high point.1.9976
2.0116
1.9987
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
A study of price movements over other periods shows the following variations:
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 bearish. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 5 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.9859 | 1.9901 | 1.9977 | 1.9987 | 2.0012 | 2.0087 | 2.0119 |
| Change (%) | -0.64% | -0.43% | -0.05% | - | +0.13% | +0.50% | +0.66% |
| Change | -0.0128 | -0.0086 | -0.0010 | - | +0.0025 | +0.0100 | +0.0132 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9824 | 1.9900 | 2.0005 | 2.0081 | 2.0186 | 2.0262 | 2.0367 |
| Camarilla | 2.0059 | 2.0076 | 2.0092 | 2.0109 | 2.0126 | 2.0142 | 2.0159 |
| Woodie | 1.9838 | 1.9907 | 2.0019 | 2.0088 | 2.0200 | 2.0269 | 2.0381 |
| Fibonacci | 1.9900 | 1.9970 | 2.0012 | 2.0081 | 2.0151 | 2.0193 | 2.0262 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9747 | 1.9853 | 1.9997 | 2.0103 | 2.0247 | 2.0353 | 2.0497 |
| Camarilla | 2.0071 | 2.0094 | 2.0117 | 2.0140 | 2.0163 | 2.0186 | 2.0209 |
| Woodie | 1.9765 | 1.9863 | 2.0015 | 2.0113 | 2.0265 | 2.0363 | 2.0515 |
| Fibonacci | 1.9853 | 1.9949 | 2.0008 | 2.0103 | 2.0199 | 2.0258 | 2.0353 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.9585 | 1.9773 | 1.9956 | 2.0144 | 2.0327 | 2.0515 | 2.0698 |
| Camarilla | 2.0038 | 2.0072 | 2.0106 | 2.0140 | 2.0174 | 2.0208 | 2.0242 |
| Woodie | 1.9584 | 1.9772 | 1.9955 | 2.0143 | 2.0326 | 2.0514 | 2.0697 |
| Fibonacci | 1.9773 | 1.9914 | 2.0002 | 2.0144 | 2.0285 | 2.0373 | 2.0515 |
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): | 35.97 | |
| MACD (12,26,9): | -0.0024 | |
| Directional Movement: | -5.8984 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 2.0007 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.0044 | |
| Elder Ray (13): | -0.0031 | |
| Super Trend (3,10): | 2.0069 | |
| Zig ZAG (10): | 2.0001 | |
| VORTEX (21): | 0.8087 | |
| Stochastique (14,3,5): | 22.82 | |
| TEMA (21): | 1.9983 | |
| Williams %R (14): | -80.91 | |
| Chande Momentum Oscillator (20): | -0.0063 | |
| Repulse (5,40,3): | -0.0525 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0135 | |
| Courbe Coppock: | 0.90 |
| MA7: | 2.0033 | |
| MA20: | 2.0104 | |
| MA50: | 2.0037 | |
| MA100: | 1.9557 | |
| MAexp7: | 2.0005 | |
| MAexp20: | 2.0029 | |
| MAexp50: | 2.0043 | |
| MAexp100: | 2.0038 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -0.58% | |
| Price / MA50: | -0.25% | |
| Price / MA100: | +2.20% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.28% | |
| Price / MAexp100: | -0.25% |
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
Online
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…
Add a comment
Comments
0 comments on the analysis GBP/NZD - 1H