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GBP/NZD
GBP NZD
- NZD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPNZD
ISIN:

GBP/NZD - Daily - Technical analysis published on 12/30/2019 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 1.9813 NZD
My targets
1.9397 NZD (-0.0150)
1.9112 NZD (-0.0435)
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 1.9813 NZD, a sale could be considered. The first bearish objective is located at 1.9397 NZD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.9112 NZD as an objective. Crossing it would then enable sellers to target 1.8938 NZD. If the price were to return above 1.9813 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
4.3

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.

hsokkar
This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

GBP/NZD rating 1.9547 NZD. The price has increased by +0.08% since the last closing and was between 1.9489 NZD and 1.9554 NZD. This implies that the price is at +0.30% from its lowest and at -0.04% from its highest.

1.9489
1.9554
1.9547

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GBP/NZD:
The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days

Technical


A technical analysis in Daily of this GBP/NZD chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily



In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily


Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : Daily



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.8938 1.9112 1.9397 1.9547 1.9813 2.0113 2.0419
Change (%) -3.12% -2.23% -0.77% - +1.36% +2.90% +4.46%
Change -0.0609 -0.0435 -0.0150 - +0.0266 +0.0566 +0.0872
Level Major Minor Major - Major Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.85741.89951.95741.99952.05742.09952.1574
Camarilla1.98771.99692.00602.01522.02442.03352.0427
Woodie1.86521.90351.96522.00352.06522.10352.1652
Fibonacci1.89951.93771.96131.99952.03772.06132.0995


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.76121.82261.91891.98032.07662.13802.2343
Camarilla1.97181.98632.00072.01522.02972.04412.0586
Woodie1.77871.83131.93641.98902.09412.14672.2518
Fibonacci1.82261.88281.92011.98032.04052.07782.1380


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.81601.87891.91601.97892.01602.07892.1160
Camarilla1.92571.93491.94401.95321.96241.97151.9807
Woodie1.80321.87251.90321.97252.00322.07252.1032
Fibonacci1.87891.91711.94071.97892.01712.04072.0789

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 45.70
MACD (12,26,9): -0.0145
Directional Movement: 11.9622
AROON (14): 7.1428
DEMA (21): 1.9567
Parabolic SAR (0,02-0,02-0,2): 1.8840
Elder Ray (13): -0.0141
Super Trend (3,10): 1.8837
Zig ZAG (10): 1.9538
VORTEX (21): 0.8191
Stochastique (14,3,5): 43.58
TEMA (21): 1.9459
Williams %R (14): -55.74
Chande Momentum Oscillator (20): -0.0592
Repulse (5,40,3): 0.9506
ROCnROLL: 2
TRIX (15,9): -0.0935
Courbe Coppock: 5.63
MA7: 1.9519
MA20: 1.9819
MA50: 2.0009
MA100: 1.9770
MAexp7: 1.9590
MAexp20: 1.9744
MAexp50: 1.9853
MAexp100: 1.9745
Price / MA7: +0.14%
Price / MA20: -1.37%
Price / MA50: -2.31%
Price / MA100: -1.13%
Price / MAexp7: -0.22%
Price / MAexp20: -1.00%
Price / MAexp50: -1.54%
Price / MAexp100: -1.00%

News


Don"t forget to follow the news on GBP/NZD. At the time of publication of this analysis, the latest news was as follows:

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

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