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 12/13/2019 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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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:
15 min. Daily Weekly

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

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:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard1.94271.96341.99952.02022.05632.07702.1131
Camarilla2.01992.02512.03032.03552.04072.04592.0511
Woodie1.95031.96732.00712.02412.06392.08092.1207
Fibonacci1.96341.98511.99852.02022.04192.05532.0770


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.59051.70151.83401.94502.07752.18852.3210
Camarilla1.89951.92191.94421.96651.98882.01112.0335
Woodie1.60131.70691.84481.95042.08832.19392.3318
Fibonacci1.70151.79451.85201.94502.03802.09552.1885


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.74901.85351.84711.95161.94522.04972.0433
Camarilla1.81381.82281.83181.84081.84981.85881.8678
Woodie1.69371.82581.79181.92391.88992.02201.9880
Fibonacci1.85351.89091.91411.95161.98902.01222.0497

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%

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

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