GBP/NZD

- NZD (-)

- Real time data - Forex

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Change:	-
Volume:	-

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Type:	Forex
Ticker:	GBPNZD
ISIN:

GBP/NZD - 1H - Technical analysis published on 03/04/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 2.0766 NZD

My targets

2.0949 NZD (+0.0137)

2.1177 NZD (+0.0365)

My analysis

The bullish trend is currently very strong on GBP/NZD. As long as the price remains above the support at 2.0766 NZD, you could try to benefit from the boom. The first bullish objective is located at 2.0949 NZD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.1177 NZD as an objective. Crossing it would then enable buyers to target 2.1362 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 confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

9.1

Comment on the analysis

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.

This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GBP/NZD rating 2.0812 NZD. The price registered an increase of +0.43% on the session with the lowest point at 2.0706 NZD and the highest point at 2.0821 NZD. The deviation from the price is +0.51% for the low point and -0.04% for the high point.

2.0706

2.0821

2.0812

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

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:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this GBP/NZD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
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

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.0609	2.0703	2.0766	2.0812	2.0829	2.0949	2.1177
Change (%)	-0.98%	-0.52%	-0.22%	-	+0.08%	+0.66%	+1.75%
Change	-0.0203	-0.0109	-0.0046	-	+0.0017	+0.0137	+0.0365
Level	Minor	Intermediate	Intermediate	-	Minor	Major	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
Standard	2.0587	2.0631	2.0678	2.0722	2.0769	2.0813	2.0860
Camarilla	2.0699	2.0707	2.0716	2.0724	2.0732	2.0741	2.0749
Woodie	2.0588	2.0632	2.0679	2.0723	2.0770	2.0814	2.0861
Fibonacci	2.0631	2.0666	2.0688	2.0722	2.0757	2.0779	2.0813

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0102	2.0269	2.0496	2.0663	2.0890	2.1057	2.1284
Camarilla	2.0616	2.0652	2.0688	2.0724	2.0760	2.0796	2.0832
Woodie	2.0133	2.0284	2.0527	2.0678	2.0921	2.1072	2.1315
Fibonacci	2.0269	2.0419	2.0512	2.0663	2.0813	2.0906	2.1057

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.9981	2.0178	2.0460	2.0657	2.0939	2.1136	2.1418
Camarilla	2.0611	2.0655	2.0699	2.0743	2.0787	2.0831	2.0875
Woodie	2.0025	2.0199	2.0504	2.0678	2.0983	2.1157	2.1462
Fibonacci	2.0178	2.0361	2.0474	2.0657	2.0840	2.0953	2.1136

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	64.69
MACD (12,26,9):	0.0015
Directional Movement:	13.8576
AROON (14):	100.0000
DEMA (21):	2.0785
Parabolic SAR (0,02-0,02-0,2):	2.0771
Elder Ray (13):	0.0025
Super Trend (3,10):	2.0733
Zig ZAG (10):	2.0809
VORTEX (21):	1.1371
Stochastique (14,3,5):	88.33
TEMA (21):	2.0796
Williams %R (14):	-2.63
Chande Momentum Oscillator (20):	0.0050
Repulse (5,40,3):	0.1407
ROCnROLL:	1
TRIX (15,9):	0.0071
Courbe Coppock:	0.46

MA7:	2.0660
MA20:	2.0609
MA50:	2.0565
MA100:	2.0607
MAexp7:	2.0788
MAexp20:	2.0768
MAexp50:	2.0749
MAexp100:	2.0711
Price / MA7:	+0.74%
Price / MA20:	+0.99%
Price / MA50:	+1.20%
Price / MA100:	+0.99%
Price / MAexp7:	+0.12%
Price / MAexp20:	+0.22%
Price / MAexp50:	+0.31%
Price / MAexp100:	+0.49%

Quotes : - Real time data - Forex

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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