GBP/NZD
GBP NZD
- NZD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPNZD
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GBP/NZD - 15 min. - Technical analysis published on 11/06/2023 (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 bearish
Underlying: Neutral
Technical indicators
6%
78%
17%
My opinion
Bearish under 2.0711 NZD
My targets
2.0638 NZD (-0.0055)
2.0567 NZD (-0.0126)
My analysis
The strong short-term decrease of GBP/NZD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 2.0711 NZD, a sale could be considered. The first bearish objective is located at 2.0638 NZD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 2.0567 NZD. If there is any crossing, the next objective would be support 2.0494 NZD. Caution, if there is a return to above 2.0711 NZD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
4.1

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This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The GBP/NZD rating is 2.0693 NZD. The price has increased by +0.26% since the last closing and was between 2.0623 NZD and 2.0783 NZD. This implies that the price is at +0.34% from its lowest and at -0.43% from its highest.

2.0623
2.0783
2.0693

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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


Technical analysis of GBP/NZD in 15 min. shows a neutral overall trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : 15 minutes



In fact, 14 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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


S3S2S1PriceR1R2R3
ProTrendLines 2.0565 2.0623 2.0687 2.0693 2.0793 2.0881 2.0949
Change (%) -0.62% -0.34% -0.03% - +0.48% +0.91% +1.24%
Change -0.0128 -0.0070 -0.0006 - +0.0100 +0.0188 +0.0256
Level Intermediate Minor Minor - Intermediate Intermediate Major



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
Standard2.04232.04942.05672.06382.07112.07822.0855
Camarilla2.06002.06142.06272.06402.06532.06662.0680
Woodie2.04242.04952.05682.06392.07122.07832.0856
Fibonacci2.04942.05492.05832.06382.06932.07272.0782


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.00672.03162.04782.07272.08892.11382.1300
Camarilla2.05272.05652.06022.06402.06782.07152.0753
Woodie2.00242.02942.04352.07052.08462.11162.1257
Fibonacci2.03162.04732.05702.07272.08842.09812.1138


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.97822.00312.04772.07262.11722.14212.1867
Camarilla2.07312.07952.08582.09222.09862.10492.1113
Woodie1.98802.00802.05752.07752.12702.14702.1965
Fibonacci2.00312.02972.04612.07262.09922.11562.1421

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): 34.23
MACD (12,26,9): -0.0009
Directional Movement: -13.7250
AROON (14): -85.7143
DEMA (21): 2.0711
Parabolic SAR (0,02-0,02-0,2): 2.0714
Elder Ray (13): -0.0016
Super Trend (3,10): 2.0736
Zig ZAG (10): 2.0698
VORTEX (21): 0.8316
Stochastique (14,3,5): 8.58
TEMA (21): 2.0695
Williams %R (14): -91.30
Chande Momentum Oscillator (20): -0.0018
Repulse (5,40,3): -0.0704
ROCnROLL: 2
TRIX (15,9): -0.0031
Courbe Coppock: 0.33
MA7: 2.0763
MA20: 2.0728
MA50: 2.0793
MA100: 2.0843
MAexp7: 2.0705
MAexp20: 2.0720
MAexp50: 2.0717
MAexp100: 2.0700
Price / MA7: -0.34%
Price / MA20: -0.17%
Price / MA50: -0.48%
Price / MA100: -0.72%
Price / MAexp7: -0.06%
Price / MAexp20: -0.13%
Price / MAexp50: -0.12%
Price / MAexp100: -0.03%

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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