GBP/NZD

- NZD (-)

- Real time data - Forex

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Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	GBPNZD
ISIN:

GBP/NZD - 1H - Technical analysis published on 10/21/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 2.1466 NZD

My targets

2.1555 NZD (+0.0045)

2.1592 NZD (+0.0082)

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 2.1466 NZD. The next resistance located at 2.1555 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 2.1592 NZD. After this resistance, buyers could then target 2.1624 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.8

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 shadybhai. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/NZD price is 2.1510 NZD. On the day, this instrument gained +0.05% with the lowest point at 2.1450 NZD and the highest point at 2.1523 NZD. The deviation from the price is +0.28% for the low point and -0.06% for the high point.

2.1450

2.1523

2.1510

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.

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:

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 GBP/NZD in 1H shows a strongly overall bullish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.1364	2.1399	2.1466	2.1510	2.1521	2.1555	2.1592
Change (%)	-0.68%	-0.52%	-0.20%	-	+0.05%	+0.21%	+0.38%
Change	-0.0146	-0.0111	-0.0044	-	+0.0011	+0.0045	+0.0082
Level	Minor	Minor	Major	-	Major	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.1342	2.1395	2.1448	2.1501	2.1554	2.1607	2.1660
Camarilla	2.1471	2.1481	2.1490	2.1500	2.1510	2.1519	2.1529
Woodie	2.1341	2.1395	2.1447	2.1501	2.1553	2.1607	2.1659
Fibonacci	2.1395	2.1436	2.1461	2.1501	2.1542	2.1567	2.1607

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.1141	2.1263	2.1381	2.1503	2.1621	2.1743	2.1861
Camarilla	2.1434	2.1456	2.1478	2.1500	2.1522	2.1544	2.1566
Woodie	2.1140	2.1262	2.1380	2.1502	2.1620	2.1742	2.1860
Fibonacci	2.1263	2.1354	2.1411	2.1503	2.1594	2.1651	2.1743

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0515	2.0755	2.0919	2.1159	2.1323	2.1563	2.1727
Camarilla	2.0973	2.1010	2.1047	2.1084	2.1121	2.1158	2.1195
Woodie	2.0478	2.0736	2.0882	2.1140	2.1286	2.1544	2.1690
Fibonacci	2.0755	2.0909	2.1004	2.1159	2.1313	2.1408	2.1563

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):	58.19
MACD (12,26,9):	0.0006
Directional Movement:	12.3993
AROON (14):	35.7143
DEMA (21):	2.1494
Parabolic SAR (0,02-0,02-0,2):	2.1456
Elder Ray (13):	0.0020
Super Trend (3,10):	2.1438
Zig ZAG (10):	2.1511
VORTEX (21):	1.0676
Stochastique (14,3,5):	76.26
TEMA (21):	2.1496
Williams %R (14):	-20.55
Chande Momentum Oscillator (20):	0.0019
Repulse (5,40,3):	0.0437
ROCnROLL:	1
TRIX (15,9):	0.0016
Courbe Coppock:	0.04

MA7:	2.1481
MA20:	2.1328
MA50:	2.1278
MA100:	2.1187
MAexp7:	2.1497
MAexp20:	2.1488
MAexp50:	2.1480
MAexp100:	2.1470
Price / MA7:	+0.14%
Price / MA20:	+0.85%
Price / MA50:	+1.09%
Price / MA100:	+1.52%
Price / MAexp7:	+0.06%
Price / MAexp20:	+0.10%
Price / MAexp50:	+0.14%
Price / MAexp100:	+0.19%

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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