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GBP/NZD
GBP NZD
- NZD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPNZD
ISIN:

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

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  • Timeframe : Weekly
  • - Analysis generated on
  • Status : IN PROGRESS...

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above
My targets
()
()
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 . The next resistance located at 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 . After this resistance, buyers could then target . 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
0
10
9.1

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.

GCrow
This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Daily

Additional analysis

Quotes

The GBP/NZD price is 2.2049 NZD. Over 5 days, this instrument gained +1.68% and was traded between 2.1723 NZD and 2.2098 NZD over the period. The price is currently at +1.50% from its lowest point and -0.22% from its highest point.

2.1723
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.

Central Gaps

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:

Central Records

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


A technical analysis in Weekly of this GBP/NZD chart shows a strongly 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Weekly


Resistance of channel is broken

Type : Bullish

Timeframe : Weekly



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


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 2.0949 2.1521 2.1883 2.2049 2.4519 2.8827
Change (%) -4.99% -2.39% -0.75% - +11.20% +30.74%
Change -0.1100 -0.0528 -0.0166 - +0.2470 +0.6778
Level Major 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
Standard2.15792.16702.18482.19392.21172.22082.2386
Camarilla2.19532.19782.20022.20272.20522.20762.2101
Woodie2.16242.16922.18932.19612.21622.22302.2431
Fibonacci2.16702.17722.18362.19392.20412.21052.2208


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.12152.13472.16002.17322.19852.21172.2370
Camarilla2.17462.17812.18172.18522.18872.19232.1958
Woodie2.12752.13772.16602.17622.20452.21472.2430
Fibonacci2.13472.14942.15852.17322.18792.19702.2117


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.09002.11312.13162.15472.17322.19632.2148
Camarilla2.13872.14252.14632.15012.15392.15772.1615
Woodie2.08772.11202.12932.15362.17092.19522.2125
Fibonacci2.11312.12902.13882.15472.17062.18042.1963

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): 67.16
MACD (12,26,9): 0.0201
Directional Movement: 15.6526
AROON (14): 100.0000
DEMA (21): 2.1732
Parabolic SAR (0,02-0,02-0,2): 2.1095
Elder Ray (13): 0.0326
Super Trend (3,10): 2.1012
Zig ZAG (10): 2.2048
VORTEX (21): 1.0771
Stochastique (14,3,5): 84.80
TEMA (21): 2.1798
Williams %R (14): -4.93
Chande Momentum Oscillator (20): 0.0689
Repulse (5,40,3): 2.8102
ROCnROLL: 1
TRIX (15,9): 0.1135
Courbe Coppock: 3.95
MA7: 2.1801
MA20: 2.1621
MA50: 2.1571
MA100: 2.1434
MAexp7: 2.1708
MAexp20: 2.1476
MAexp50: 2.1156
MAexp100: 2.0779
Price / MA7: +1.14%
Price / MA20: +1.98%
Price / MA50: +2.22%
Price / MA100: +2.87%
Price / MAexp7: +1.57%
Price / MAexp20: +2.67%
Price / MAexp50: +4.22%
Price / MAexp100: +6.11%

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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