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 12/11/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above

My targets

()

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/NZD as long as the price remains well above . The buyers' bullish objective is set at . A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at . If there is any crossing, the next objective would be the resistance located at . However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

9.1

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 2.2049 NZD. The price has increased by +0.10% since the last closing and was traded between 2.2001 NZD and 2.2098 NZD over the period. The price is currently at +0.22% from its lowest and -0.22% from its highest.

2.2001

2.2098

2.2049

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

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:

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 Daily 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 does not detect any result on moving averages that would impact this trend.

In fact, 17 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2.1249	2.1521	2.1883	2.2049	2.4519	2.8827
Change (%)	-3.63%	-2.39%	-0.75%	-	+11.20%	+30.74%
Change	-0.0800	-0.0528	-0.0166	-	+0.2470	+0.6778
Level	Intermediate	Major	Major	-	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation 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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	70.65
MACD (12,26,9):	0.0099
Directional Movement:	17.4260
AROON (14):	71.4286
DEMA (21):	2.1794
Parabolic SAR (0,02-0,02-0,2):	2.1511
Elder Ray (13):	0.0308
Super Trend (3,10):	2.1595
Zig ZAG (10):	2.2050
VORTEX (21):	1.1675
Stochastique (14,3,5):	88.19
TEMA (21):	2.1854
Williams %R (14):	-7.07
Chande Momentum Oscillator (20):	0.0478
Repulse (5,40,3):	1.2917
ROCnROLL:	1
TRIX (15,9):	0.0260
Courbe Coppock:	2.67

MA7:	2.1801
MA20:	2.1621
MA50:	2.1571
MA100:	2.1434
MAexp7:	2.1840
MAexp20:	2.1686
MAexp50:	2.1567
MAexp100:	2.1425
Price / MA7:	+1.14%
Price / MA20:	+1.98%
Price / MA50:	+2.22%
Price / MA100:	+2.87%
Price / MAexp7:	+0.96%
Price / MAexp20:	+1.67%
Price / MAexp50:	+2.23%
Price / MAexp100:	+2.91%

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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