GBP/NZD - 1H - Technical analysis published on 02/13/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 2.0155 NZD
My targets
2.0252 NZD (+0.0073)
2.0331 NZD (+0.0152)
My analysis
GBP/NZD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.0155 NZD. The next resistance located at 2.0252 NZD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.0331 NZD. After this resistance, buyers could then target 2.0419 NZD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
6.3
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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 2.0179 NZD. The price has increased by +0.38% since the last closing and was traded between 2.0047 NZD and 2.0227 NZD over the period. The price is currently at +0.66% from its lowest and -0.24% from its highest.2.0047
2.0227
2.0179
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of GBP/NZD in 1H shows an overall bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 | 1.9999 | 2.0114 | 2.0155 | 2.0179 | 2.0252 | 2.0331 | 2.0419 |
Change (%) | -0.89% | -0.32% | -0.12% | - | +0.36% | +0.75% | +1.19% |
Change | -0.0180 | -0.0065 | -0.0024 | - | +0.0073 | +0.0152 | +0.0240 |
Level | Major | Intermediate | Intermediate | - | Major | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.9759 | 1.9880 | 1.9991 | 2.0112 | 2.0223 | 2.0344 | 2.0455 |
Camarilla | 2.0038 | 2.0060 | 2.0081 | 2.0102 | 2.0123 | 2.0145 | 2.0166 |
Woodie | 1.9754 | 1.9878 | 1.9986 | 2.0110 | 2.0218 | 2.0342 | 2.0450 |
Fibonacci | 1.9880 | 1.9969 | 2.0023 | 2.0112 | 2.0201 | 2.0255 | 2.0344 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.9519 | 1.9757 | 1.9942 | 2.0180 | 2.0365 | 2.0603 | 2.0788 |
Camarilla | 2.0010 | 2.0049 | 2.0087 | 2.0126 | 2.0165 | 2.0204 | 2.0242 |
Woodie | 1.9492 | 1.9744 | 1.9915 | 2.0167 | 2.0338 | 2.0590 | 2.0761 |
Fibonacci | 1.9757 | 1.9919 | 2.0019 | 2.0180 | 2.0342 | 2.0442 | 2.0603 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.8944 | 1.9244 | 1.9836 | 2.0136 | 2.0728 | 2.1028 | 2.1620 |
Camarilla | 2.0182 | 2.0264 | 2.0345 | 2.0427 | 2.0509 | 2.0591 | 2.0672 |
Woodie | 1.9089 | 1.9317 | 1.9981 | 2.0209 | 2.0873 | 2.1101 | 2.1765 |
Fibonacci | 1.9244 | 1.9585 | 1.9796 | 2.0136 | 2.0477 | 2.0688 | 2.1028 |
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): | 65.88 | |
MACD (12,26,9): | 0.0019 | |
Directional Movement: | 19.1147 | |
AROON (14): | 92.8571 | |
DEMA (21): | 2.0126 | |
Parabolic SAR (0,02-0,02-0,2): | 2.0049 | |
Elder Ray (13): | 0.0072 | |
Super Trend (3,10): | 2.0065 | |
Zig ZAG (10): | 2.0185 | |
VORTEX (21): | 1.1780 | |
Stochastique (14,3,5): | 85.58 | |
TEMA (21): | 2.0156 | |
Williams %R (14): | -22.78 | |
Chande Momentum Oscillator (20): | 0.0100 | |
Repulse (5,40,3): | 0.3030 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0022 | |
Courbe Coppock: | 0.67 |
MA7: | 2.0131 | |
MA20: | 2.0012 | |
MA50: | 1.9868 | |
MA100: | 1.9948 | |
MAexp7: | 2.0142 | |
MAexp20: | 2.0112 | |
MAexp50: | 2.0113 | |
MAexp100: | 2.0122 | |
Price / MA7: | +0.24% | |
Price / MA20: | +0.83% | |
Price / MA50: | +1.57% | |
Price / MA100: | +1.16% | |
Price / MAexp7: | +0.18% | |
Price / MAexp20: | +0.33% | |
Price / MAexp50: | +0.33% | |
Price / MAexp100: | +0.28% |
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:
- 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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