GBP/NZD

- NZD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPNZD
ISIN:

GBP/NZD - 1H - Technical analysis published on 12/11/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

28%

33%

39%

My opinion

Bullish above 2.1883 NZD

My targets

2.2117 NZD (+0.0070)

2.2370 NZD (+0.0323)

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 2.1883 NZD. The next resistance located at 2.2117 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 2.2370 NZD. After this resistance, buyers could then target 2.4519 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 not called into question, despite technical indicators being indecisive.

Force

5.9

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

Additional analysis

Quotes

GBP/NZD rating 2.2047 NZD. On the day, this instrument gained +0.09% and was traded between 2.2001 NZD and 2.2098 NZD over the period. The price is currently at +0.21% from its lowest and -0.23% from its highest.

2.2001

2.2098

2.2047

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

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. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2.1521	2.1723	2.1883	2.2047	2.4519	2.8827
Change (%)	-2.39%	-1.47%	-0.74%	-	+11.21%	+30.75%
Change	-0.0526	-0.0324	-0.0164	-	+0.2472	+0.6780
Level	Major	Intermediate	Major	-	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
Standard	2.1579	2.1670	2.1848	2.1939	2.2117	2.2208	2.2386
Camarilla	2.1953	2.1978	2.2002	2.2027	2.2052	2.2076	2.2101
Woodie	2.1624	2.1692	2.1893	2.1961	2.2162	2.2230	2.2431
Fibonacci	2.1670	2.1772	2.1836	2.1939	2.2041	2.2105	2.2208

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.1215	2.1347	2.1600	2.1732	2.1985	2.2117	2.2370
Camarilla	2.1746	2.1781	2.1817	2.1852	2.1887	2.1923	2.1958
Woodie	2.1275	2.1377	2.1660	2.1762	2.2045	2.2147	2.2430
Fibonacci	2.1347	2.1494	2.1585	2.1732	2.1879	2.1970	2.2117

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0900	2.1131	2.1316	2.1547	2.1732	2.1963	2.2148
Camarilla	2.1387	2.1425	2.1463	2.1501	2.1539	2.1577	2.1615
Woodie	2.0877	2.1120	2.1293	2.1536	2.1709	2.1952	2.2125
Fibonacci	2.1131	2.1290	2.1388	2.1547	2.1706	2.1804	2.1963

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):	65.93
MACD (12,26,9):	0.0033
Directional Movement:	11.0980
AROON (14):	35.7143
DEMA (21):	2.2076
Parabolic SAR (0,02-0,02-0,2):	2.2097
Elder Ray (13):	0.0003
Super Trend (3,10):	2.1986
Zig ZAG (10):	2.2050
VORTEX (21):	1.0836
Stochastique (14,3,5):	47.77
TEMA (21):	2.2068
Williams %R (14):	-53.61
Chande Momentum Oscillator (20):	0.0024
Repulse (5,40,3):	-0.0251
ROCnROLL:	1
TRIX (15,9):	0.0276
Courbe Coppock:	0.29

MA7:	2.1801
MA20:	2.1621
MA50:	2.1571
MA100:	2.1434
MAexp7:	2.2049
MAexp20:	2.2026
MAexp50:	2.1954
MAexp100:	2.1869
Price / MA7:	+1.13%
Price / MA20:	+1.97%
Price / MA50:	+2.21%
Price / MA100:	+2.86%
Price / MAexp7:	-0.01%
Price / MAexp20:	+0.09%
Price / MAexp50:	+0.42%
Price / MAexp100:	+0.81%

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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