GBP/NZD
GBP NZD
- NZD (-)
- Real time data - Forex
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Type: Forex
Ticker: GBPNZD
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GBP/NZD - 15 min. - Technical analysis published on 06/20/2023 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 2.0629 NZD
My targets
2.0756 NZD (+0.0028)
2.0820 NZD (+0.0092)
My analysis
The bullish trend is currently very strong on GBP/NZD. As long as the price remains above the support at 2.0629 NZD, you could try to benefit from the boom. The first bullish objective is located at 2.0756 NZD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.0820 NZD as an objective. Crossing it would then enable buyers to target 2.0949 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
8.2

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 pipskok. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The GBP/NZD rating is 2.0728 NZD. The price has increased by +0.47% since the last closing with the lowest point at 2.0619 NZD and the highest point at 2.0731 NZD. The deviation from the price is +0.53% for the low point and -0.01% for the high point.

2.0619
2.0731
2.0728

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 15 min. of this GBP/NZD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 15 minutes



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes


Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.0596 2.0662 2.0691 2.0728 2.0949 2.2327 2.4519
Change (%) -0.64% -0.32% -0.18% - +1.07% +7.71% +18.29%
Change -0.0132 -0.0066 -0.0037 - +0.0221 +0.1599 +0.3791
Level Minor Major Intermediate - Major Minor Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.04392.05022.05662.06292.06932.07562.0820
Camarilla2.05962.06082.06192.06312.06432.06542.0666
Woodie2.04412.05022.05682.06292.06952.07562.0822
Fibonacci2.05022.05502.05802.06292.06772.07072.0756


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.00892.02162.03882.05152.06872.08142.0986
Camarilla2.04772.05042.05322.05592.05862.06142.0641
Woodie2.01112.02272.04102.05262.07092.08252.1008
Fibonacci2.02162.03312.04012.05152.06302.07002.0814


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.90901.94182.00402.03682.09902.13182.1940
Camarilla2.04012.04882.05752.06622.07492.08362.0923
Woodie1.92371.94922.01872.04422.11372.13922.2087
Fibonacci1.94181.97812.00052.03682.07312.09552.1318

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): 57.12
MACD (12,26,9): 0.0004
Directional Movement: 4.5505
AROON (14): 57.1429
DEMA (21): 2.0678
Parabolic SAR (0,02-0,02-0,2): 2.0637
Elder Ray (13): 0.0008
Super Trend (3,10): 2.0705
Zig ZAG (10): 2.0694
VORTEX (21): 1.0768
Stochastique (14,3,5): 82.93
TEMA (21): 2.0684
Williams %R (14): -7.32
Chande Momentum Oscillator (20): 0.0069
Repulse (5,40,3): 0.0720
ROCnROLL: 1
TRIX (15,9): -0.0001
Courbe Coppock: 0.23
MA7: 2.0536
MA20: 2.0511
MA50: 2.0238
MA100: 1.9850
MAexp7: 2.0687
MAexp20: 2.0675
MAexp50: 2.0670
MAexp100: 2.0656
Price / MA7: +0.93%
Price / MA20: +1.06%
Price / MA50: +2.42%
Price / MA100: +4.42%
Price / MAexp7: +0.20%
Price / MAexp20: +0.26%
Price / MAexp50: +0.28%
Price / MAexp100: +0.35%

Quotes : - Real time data - Forex

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

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