GBP/NZD - 1H - Technical analysis published on 12/13/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 2.0181 NZD
My targets
2.0419 NZD (+0.0172)
2.0775 NZD (+0.0528)
My analysis
The bullish trend is currently very strong on GBP/NZD. As long as the price remains above the support at 2.0181 NZD, you could try to benefit from the boom. The first bullish objective is located at 2.0419 NZD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.0775 NZD as an objective. Crossing it would then enable buyers to target 2.1409 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
6.6
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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
GBP/NZD rating 2.0247 NZD. The price registered a decrease of -0.53% on the session and was between 2.0180 NZD and 2.0417 NZD. This implies that the price is at +0.33% from its lowest and at -0.83% from its highest.2.0180
2.0417
2.0247
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of GBP/NZD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.9961 | 2.0089 | 2.0181 | 2.0247 | 2.0419 | 2.1409 | 2.1902 |
Change (%) | -1.41% | -0.78% | -0.33% | - | +0.85% | +5.74% | +8.17% |
Change | -0.0286 | -0.0158 | -0.0066 | - | +0.0172 | +0.1162 | +0.1655 |
Level | Minor | Major | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.9427 | 1.9634 | 1.9995 | 2.0202 | 2.0563 | 2.0770 | 2.1131 |
Camarilla | 2.0199 | 2.0251 | 2.0303 | 2.0355 | 2.0407 | 2.0459 | 2.0511 |
Woodie | 1.9503 | 1.9673 | 2.0071 | 2.0241 | 2.0639 | 2.0809 | 2.1207 |
Fibonacci | 1.9634 | 1.9851 | 1.9985 | 2.0202 | 2.0419 | 2.0553 | 2.0770 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.5905 | 1.7015 | 1.8340 | 1.9450 | 2.0775 | 2.1885 | 2.3210 |
Camarilla | 1.8995 | 1.9219 | 1.9442 | 1.9665 | 1.9888 | 2.0111 | 2.0335 |
Woodie | 1.6013 | 1.7069 | 1.8448 | 1.9504 | 2.0883 | 2.1939 | 2.3318 |
Fibonacci | 1.7015 | 1.7945 | 1.8520 | 1.9450 | 2.0380 | 2.0955 | 2.1885 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.7490 | 1.8535 | 1.8471 | 1.9516 | 1.9452 | 2.0497 | 2.0433 |
Camarilla | 1.8138 | 1.8228 | 1.8318 | 1.8408 | 1.8498 | 1.8588 | 1.8678 |
Woodie | 1.6937 | 1.8258 | 1.7918 | 1.9239 | 1.8899 | 2.0220 | 1.9880 |
Fibonacci | 1.8535 | 1.8909 | 1.9141 | 1.9516 | 1.9890 | 2.0122 | 2.0497 |
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): | 55.22 | |
MACD (12,26,9): | 0.0056 | |
Directional Movement: | -0.8012 | |
AROON (14): | 35.7143 | |
DEMA (21): | 2.0299 | |
Parabolic SAR (0,02-0,02-0,2): | 2.0140 | |
Elder Ray (13): | -0.0019 | |
Super Trend (3,10): | 2.0153 | |
Zig ZAG (10): | 2.0245 | |
VORTEX (21): | 1.1596 | |
Stochastique (14,3,5): | 64.51 | |
TEMA (21): | 2.0322 | |
Williams %R (14): | -39.96 | |
Chande Momentum Oscillator (20): | -0.0127 | |
Repulse (5,40,3): | -0.1349 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0482 | |
Courbe Coppock: | 2.34 |
MA7: | 1.9838 | |
MA20: | 1.9988 | |
MA50: | 2.0075 | |
MA100: | 1.9647 | |
MAexp7: | 2.0264 | |
MAexp20: | 2.0223 | |
MAexp50: | 2.0151 | |
MAexp100: | 2.0113 | |
Price / MA7: | +2.06% | |
Price / MA20: | +1.30% | |
Price / MA50: | +0.86% | |
Price / MA100: | +3.05% | |
Price / MAexp7: | -0.08% | |
Price / MAexp20: | +0.12% | |
Price / MAexp50: | +0.48% | |
Price / MAexp100: | +0.67% |
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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