GBP/NZD

- NZD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	GBPNZD
ISIN:

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

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 2.1248 NZD

My targets

2.1883 NZD (+0.0372)

2.4519 NZD (+0.3008)

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 2.1248 NZD. The next resistance located at 2.1883 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 2.4519 NZD. After this resistance, buyers could then target 2.8827 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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 2.1511 NZD. The price registered an increase of +0.05% on the session and was between 2.1450 NZD and 2.1523 NZD. This implies that the price is at +0.28% from its lowest and at -0.06% from its highest.

2.1450

2.1523

2.1511

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 Daily shows a strongly overall 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

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:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.0949	2.1089	2.1248	2.1511	2.1521	2.1883	2.4519
Change (%)	-2.61%	-1.96%	-1.22%	-	+0.05%	+1.73%	+13.98%
Change	-0.0562	-0.0422	-0.0263	-	+0.0010	+0.0372	+0.3008
Level	Major	Intermediate	Minor	-	Major	Major	Intermediate

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	2.1342	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):	58.31
MACD (12,26,9):	0.0072
Directional Movement:	15.8907
AROON (14):	71.4285
DEMA (21):	2.1466
Parabolic SAR (0,02-0,02-0,2):	2.1276
Elder Ray (13):	0.0063
Super Trend (3,10):	2.1079
Zig ZAG (10):	2.1510
VORTEX (21):	1.0546
Stochastique (14,3,5):	78.22
TEMA (21):	2.1521
Williams %R (14):	-20.69
Chande Momentum Oscillator (20):	0.0385
Repulse (5,40,3):	0.2622
ROCnROLL:	1
TRIX (15,9):	0.0339
Courbe Coppock:	2.90

MA7:	2.1481
MA20:	2.1328
MA50:	2.1278
MA100:	2.1187
MAexp7:	2.1474
MAexp20:	2.1384
MAexp50:	2.1304
MAexp100:	2.1205
Price / MA7:	+0.14%
Price / MA20:	+0.86%
Price / MA50:	+1.10%
Price / MA100:	+1.53%
Price / MAexp7:	+0.17%
Price / MAexp20:	+0.59%
Price / MAexp50:	+0.97%
Price / MAexp100:	+1.44%

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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