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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 - 1H - Technical analysis published on 02/28/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
44%
6%
50%
My opinion
Bullish above 2.0555 NZD
My targets
2.0615 NZD (+0.0031)
2.0813 NZD (+0.0229)
My analysis
The bullish trend is currently very strong on GBP/NZD. As long as the price remains above the support at 2.0555 NZD, you could try to benefit from the boom. The first bullish objective is located at 2.0615 NZD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.0813 NZD as an objective. Crossing it would then enable buyers to target 2.0975 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.

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
7.3

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.

Vincent Launay
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 2.0584 NZD. The price has increased by +0.80% since the last closing and was between 2.0414 NZD and 2.0674 NZD. This implies that the price is at +0.83% from its lowest and at -0.44% from its highest.

2.0414
2.0674
2.0584

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GBP/NZD:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 20 days

Technical


A technical analysis in 1H of this GBP/NZD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.0480 2.0518 2.0555 2.0584 2.0615 2.1902 2.2327
Change (%) -0.51% -0.32% -0.14% - +0.15% +6.40% +8.47%
Change -0.0104 -0.0066 -0.0029 - +0.0031 +0.1318 +0.1743
Level Minor Minor Intermediate - Intermediate Minor Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.00942.02132.03172.04362.05402.06592.0763
Camarilla2.03602.03802.04012.04212.04412.04622.0482
Woodie2.00872.02092.03102.04322.05332.06552.0756
Fibonacci2.02132.02982.03512.04362.05212.05742.0659


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.79101.86271.90841.98012.02582.09752.1432
Camarilla1.92181.93261.94331.95411.96491.97561.9864
Woodie1.77801.85621.89541.97362.01282.09102.1302
Fibonacci1.86271.90761.93531.98012.02502.05272.0975


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.86111.90141.97122.01152.08132.12162.1914
Camarilla2.01072.02082.03092.04102.05112.06122.0713
Woodie1.87591.90881.98602.01892.09612.12902.2062
Fibonacci1.90141.94351.96942.01152.05362.07952.1216

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): 56.82
MACD (12,26,9): 0.0044
Directional Movement: 5.7432
AROON (14): 35.7143
DEMA (21): 2.0630
Parabolic SAR (0,02-0,02-0,2): 2.0674
Elder Ray (13): 0.0002
Super Trend (3,10): 2.0517
Zig ZAG (10): 2.0609
VORTEX (21): 1.2139
Stochastique (14,3,5): 78.35
TEMA (21): 2.0663
Williams %R (14): -31.28
Chande Momentum Oscillator (20): 0.0031
Repulse (5,40,3): -0.1187
ROCnROLL: -1
TRIX (15,9): 0.0294
Courbe Coppock: 1.63
MA7: 2.0208
MA20: 2.0213
MA50: 1.9951
MA100: 2.0023
MAexp7: 2.0615
MAexp20: 2.0575
MAexp50: 2.0529
MAexp100: 2.0496
Price / MA7: +1.86%
Price / MA20: +1.84%
Price / MA50: +3.17%
Price / MA100: +2.80%
Price / MAexp7: -0.15%
Price / MAexp20: +0.04%
Price / MAexp50: +0.27%
Price / MAexp100: +0.43%

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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