Londinia Opportunities Analyses - 10/09/2024 (GMT) GBP/NZD - 1H

- NZD (-)

- Real time data - Forex

Type:	Forex
Ticker:	GBPNZD
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 2.1521 NZD

My targets

2.1724 NZD (+0.0151)

2.1883 NZD (+0.0310)

My analysis

The bullish trend is currently very strong on GBP/NZD. As long as the price remains above the support at 2.1521 NZD, you could try to benefit from the boom. The first bullish objective is located at 2.1724 NZD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.1883 NZD as an objective. Crossing it would then enable buyers to target 2.4519 NZD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.8

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.

Additional analysis

Quotes

The GBP/NZD rating is 2.1573 NZD. The price registered an increase of +1.01% on the session and was traded between 2.1343 NZD and 2.1584 NZD over the period. The price is currently at +1.08% from its lowest and -0.05% from its highest.

2.1343

2.1584

2.1573

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GBP/NZD in 1H 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.1384	2.1434	2.1521	2.1573	2.1883	2.4519	2.8827
Change (%)	-0.88%	-0.64%	-0.24%	-	+1.44%	+13.66%	+33.63%
Change	-0.0189	-0.0139	-0.0052	-	+0.0310	+0.2946	+0.7254
Level	Minor	Major	Intermediate	-	Major	Intermediate	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	2.1176	2.1243	2.1300	2.1367	2.1424	2.1491	2.1548
Camarilla	2.1323	2.1334	2.1346	2.1357	2.1368	2.1380	2.1391
Woodie	2.1171	2.1241	2.1295	2.1365	2.1419	2.1489	2.1543
Fibonacci	2.1243	2.1290	2.1320	2.1367	2.1414	2.1444	2.1491

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0788	2.0895	2.1100	2.1207	2.1412	2.1519	2.1724
Camarilla	2.1219	2.1248	2.1276	2.1305	2.1334	2.1362	2.1391
Woodie	2.0837	2.0920	2.1149	2.1232	2.1461	2.1544	2.1773
Fibonacci	2.0895	2.1014	2.1088	2.1207	2.1326	2.1400	2.1519

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 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):	69.19
MACD (12,26,9):	0.0048
Directional Movement:	22.9265
AROON (14):	92.8571
DEMA (21):	2.1542
Parabolic SAR (0,02-0,02-0,2):	2.1440
Elder Ray (13):	0.0039
Super Trend (3,10):	2.1434
Zig ZAG (10):	2.1561
VORTEX (21):	1.1746
Stochastique (14,3,5):	89.40
TEMA (21):	2.1564
Williams %R (14):	-9.79
Chande Momentum Oscillator (20):	0.0105
Repulse (5,40,3):	0.1456
ROCnROLL:	1
TRIX (15,9):	0.0259
Courbe Coppock:	1.47

MA7:	2.1288
MA20:	2.1257
MA50:	2.1254
MA100:	2.1131
MAexp7:	2.1538
MAexp20:	2.1483
MAexp50:	2.1414
MAexp100:	2.1343
Price / MA7:	+1.34%
Price / MA20:	+1.49%
Price / MA50:	+1.50%
Price / MA100:	+2.09%
Price / MAexp7:	+0.16%
Price / MAexp20:	+0.41%
Price / MAexp50:	+0.74%
Price / MAexp100:	+1.07%

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: