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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 03/25/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 2.0215 NZD
My targets
2.0051 NZD (-0.0106)
1.9897 NZD (-0.0260)
My analysis
The bearish trend is currently very strong for GBP/NZD. As long as the price remains below the resistance at 2.0215 NZD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.0051 NZD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.9897 NZD as an objective. Crossing it would then enable sellers to target 1.9813 NZD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
6.3

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

The GBP/NZD rating is 2.0157 NZD. The price registered a decrease of -0.41% on the session and was between 2.0072 NZD and 2.0438 NZD. This implies that the price is at +0.42% from its lowest and at -1.37% from its highest.

2.0072
2.0438
2.0157

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GBP/NZD:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Abnormal volumes on GBP/NZD were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days

Technical


Technical analysis of this 1H chart of GBP/NZD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.9813 1.9897 2.0051 2.0157 2.0215 2.0419 2.0628
Change (%) -1.71% -1.29% -0.53% - +0.29% +1.30% +2.34%
Change -0.0344 -0.0260 -0.0106 - +0.0058 +0.0262 +0.0471
Level Major Major Intermediate - Minor Major Intermediate



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
Standard1.95361.97431.99922.01992.04482.06552.0904
Camarilla2.01152.01562.01982.02402.02822.03242.0365
Woodie1.95561.97542.00122.02102.04682.06662.0924
Fibonacci1.97431.99182.00252.01992.03742.04812.0655


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.87101.93031.98232.04162.09362.15292.2049
Camarilla2.00372.01392.02412.03432.04452.05472.0649
Woodie1.86741.92851.97872.03982.09002.15112.2013
Fibonacci1.93031.97281.99912.04162.08412.11042.1529


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.94351.97152.01132.03932.07912.10712.1469
Camarilla2.03242.03862.04482.05102.05722.06342.0696
Woodie1.94931.97452.01712.04232.08492.11012.1527
Fibonacci1.97151.99742.01342.03932.06522.08122.1071

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): 46.35
MACD (12,26,9): 0.0001
Directional Movement: -5.0208
AROON (14): 35.7143
DEMA (21): 2.0228
Parabolic SAR (0,02-0,02-0,2): 2.0431
Elder Ray (13): -0.0042
Super Trend (3,10): 2.0045
Zig ZAG (10): 2.0171
VORTEX (21): 0.9441
Stochastique (14,3,5): 33.79
TEMA (21): 2.0253
Williams %R (14): -59.84
Chande Momentum Oscillator (20): -0.0038
Repulse (5,40,3): -0.0128
ROCnROLL: 2
TRIX (15,9): 0.0012
Courbe Coppock: 0.19
MA7: 2.0265
MA20: 2.0394
MA50: 2.0223
MA100: 2.0070
MAexp7: 2.0244
MAexp20: 2.0228
MAexp50: 2.0248
MAexp100: 2.0282
Price / MA7: -0.53%
Price / MA20: -1.16%
Price / MA50: -0.33%
Price / MA100: +0.43%
Price / MAexp7: -0.43%
Price / MAexp20: -0.35%
Price / MAexp50: -0.45%
Price / MAexp100: -0.62%

News


The last news published on GBP/NZD at the time of the generation of this analysis was as follows:

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

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Londinia AI

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