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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
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GBP/NZD - 15 min. - Technical analysis published on 11/07/2023 (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
61%
28%
11%
My opinion
Bullish above 2.0704 NZD
My targets
2.0864 NZD (+0.0054)
2.0945 NZD (+0.0135)
My analysis
GBP/NZD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.0704 NZD. The next resistance located at 2.0864 NZD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.0945 NZD. After this resistance, buyers could then target 2.0949 NZD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
7.1

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.

hannahfreeman
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 2.0810 NZD. The price registered an increase of +0.50% on the session with the lowest point at 2.0682 NZD and the highest point at 2.0819 NZD. The deviation from the price is +0.62% for the low point and -0.04% for the high point.

2.0682
2.0819
2.0810

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

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of GBP/NZD indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
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 : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 15 minutes



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 15 minutes


Doji

Type : Neutral

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.0623 2.0685 2.0783 2.0810 2.0881 2.0949 2.1177
Change (%) -0.90% -0.60% -0.13% - +0.34% +0.67% +1.76%
Change -0.0187 -0.0125 -0.0027 - +0.0071 +0.0139 +0.0367
Level Minor Intermediate Major - 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
Standard2.04652.05442.06252.07042.07852.08642.0945
Camarilla2.06622.06772.06912.07062.07212.07352.0750
Woodie2.04662.05452.06262.07052.07862.08652.0946
Fibonacci2.05442.06052.06432.07042.07652.08032.0864


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): 66.54
MACD (12,26,9): 0.0019
Directional Movement: 15.0199
AROON (14): 78.5714
DEMA (21): 2.0806
Parabolic SAR (0,02-0,02-0,2): 2.0818
Elder Ray (13): 0.0011
Super Trend (3,10): 2.0765
Zig ZAG (10): 2.0797
VORTEX (21): 1.2865
Stochastique (14,3,5): 49.78
TEMA (21): 2.0810
Williams %R (14): -59.09
Chande Momentum Oscillator (20): 0.0013
Repulse (5,40,3): -0.0428
ROCnROLL: 1
TRIX (15,9): 0.0137
Courbe Coppock: 0.35
MA7: 2.0756
MA20: 2.0752
MA50: 2.0786
MA100: 2.0844
MAexp7: 2.0796
MAexp20: 2.0781
MAexp50: 2.0754
MAexp100: 2.0732
Price / MA7: +0.26%
Price / MA20: +0.28%
Price / MA50: +0.12%
Price / MA100: -0.16%
Price / MAexp7: +0.07%
Price / MAexp20: +0.14%
Price / MAexp50: +0.27%
Price / MAexp100: +0.38%

Quotes : - Real time data - Forex

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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