GBP/NZD

- NZD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPNZD
ISIN:

GBP/NZD - 1H - Technical analysis published on 11/22/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

56%

17%

28%

My opinion

Bearish under 2.1521 NZD

My targets

2.1449 NZD (-0.0032)

2.1425 NZD (-0.0056)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/NZD as long as the price remains well below 2.1521 NZD. The next bearish objective for sellers is set at 2.1449 NZD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.1425 NZD. If there is any crossing, the next objective would be the support located at 2.1249 NZD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

3.8

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

Additional analysis

Quotes

The GBP/NZD price is 2.1481 NZD. The price registered a decrease of -0.03% on the session with the lowest point at 2.1409 NZD and the highest point at 2.1588 NZD. The deviation from the price is +0.34% for the low point and -0.50% for the high point.

2.1409

2.1588

2.1481

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of GBP/NZD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.1249	2.1425	2.1449	2.1481	2.1499	2.1521	2.1577
Change (%)	-1.08%	-0.26%	-0.15%	-	+0.08%	+0.19%	+0.45%
Change	-0.0232	-0.0056	-0.0032	-	+0.0018	+0.0040	+0.0096
Level	Minor	Minor	Minor	-	Intermediate	Intermediate	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	2.1349	2.1412	2.1450	2.1513	2.1551	2.1614	2.1652
Camarilla	2.1460	2.1470	2.1479	2.1488	2.1497	2.1507	2.1516
Woodie	2.1337	2.1406	2.1438	2.1507	2.1539	2.1608	2.1640
Fibonacci	2.1412	2.1451	2.1474	2.1513	2.1552	2.1575	2.1614

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.1186	2.1317	2.1420	2.1551	2.1654	2.1785	2.1888
Camarilla	2.1458	2.1479	2.1501	2.1522	2.1544	2.1565	2.1586
Woodie	2.1171	2.1310	2.1405	2.1544	2.1639	2.1778	2.1873
Fibonacci	2.1317	2.1407	2.1462	2.1551	2.1641	2.1696	2.1785

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0349	2.0697	2.1148	2.1496	2.1947	2.2295	2.2746
Camarilla	2.1380	2.1454	2.1527	2.1600	2.1673	2.1747	2.1820
Woodie	2.0402	2.0723	2.1201	2.1522	2.2000	2.2321	2.2799
Fibonacci	2.0697	2.1002	2.1190	2.1496	2.1801	2.1989	2.2295

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):	49.48
MACD (12,26,9):	-0.0007
Directional Movement:	3.8764
AROON (14):	-35.7143
DEMA (21):	2.1477
Parabolic SAR (0,02-0,02-0,2):	2.1419
Elder Ray (13):	0.0005
Super Trend (3,10):	2.1521
Zig ZAG (10):	2.1488
VORTEX (21):	0.9954
Stochastique (14,3,5):	58.02
TEMA (21):	2.1476
Williams %R (14):	-37.70
Chande Momentum Oscillator (20):	0.0033
Repulse (5,40,3):	-0.0221
ROCnROLL:	2
TRIX (15,9):	-0.0070
Courbe Coppock:	0.36

MA7:	2.1520
MA20:	2.1600
MA50:	2.1453
MA100:	2.1391
MAexp7:	2.1481
MAexp20:	2.1487
MAexp50:	2.1499
MAexp100:	2.1512
Price / MA7:	-0.18%
Price / MA20:	-0.55%
Price / MA50:	+0.13%
Price / MA100:	+0.42%
Price / MAexp7:	-0%
Price / MAexp20:	-0.03%
Price / MAexp50:	-0.08%
Price / MAexp100:	-0.14%

Quotes : - Real time data - Forex

News

The last news published on GBP/NZD at the time of the generation of this analysis was as follows:

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

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Londinia AI

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