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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
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GBP/NZD - 15 min. - Technical analysis published on 11/10/2023 (GMT)

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Londinia
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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 2.0722 NZD
My targets
2.0811 NZD (+0.0076)
2.0876 NZD (+0.0141)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 2.0722 NZD remains possible. It is advisable to trade GBP/NZD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 2.0722 NZD. The next bullish objective for buyers is set at 2.0811 NZD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.0876 NZD. If there is any crossing, the next objective would be the resistance located at 2.0965 NZD. PS: if there is a bearish break in the support located at 2.0722 NZD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.8

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.

hannahfreeman
This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The GBP/NZD price is 2.0735 NZD. The price is lower by -0.05% since the last closing and was traded between 2.0711 NZD and 2.0755 NZD over the period. The price is currently at +0.12% from its lowest and -0.10% from its highest.

2.0711
2.0755
2.0735

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 GBP/NZD in 15 min. shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 15 minutes



In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 15 minutes



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.0651 2.0684 2.0715 2.0735 2.0754 2.0805 2.0890
Change (%) -0.41% -0.25% -0.10% - +0.09% +0.34% +0.75%
Change -0.0084 -0.0051 -0.0020 - +0.0019 +0.0070 +0.0155
Level Intermediate Intermediate Minor - Minor Major Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.05032.05682.06572.07222.08112.08762.0965
Camarilla2.07032.07172.07312.07452.07592.07732.0787
Woodie2.05142.05742.06682.07282.08222.08822.0976
Fibonacci2.05682.06272.06642.07222.07812.08182.0876


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.00672.03162.04782.07272.08892.11382.1300
Camarilla2.05272.05652.06022.06402.06782.07152.0753
Woodie2.00242.02942.04352.07052.08462.11162.1257
Fibonacci2.03162.04732.05702.07272.08842.09812.1138


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.97822.00312.04772.07262.11722.14212.1867
Camarilla2.07312.07952.08582.09222.09862.10492.1113
Woodie1.98802.00802.05752.07752.12702.14702.1965
Fibonacci2.00312.02972.04612.07262.09922.11562.1421

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): 53.59
MACD (12,26,9): 0.0000
Directional Movement: 1.6035
AROON (14): -35.7143
DEMA (21): 2.0736
Parabolic SAR (0,02-0,02-0,2): 2.0744
Elder Ray (13): 0.0005
Super Trend (3,10): 2.0713
Zig ZAG (10): 2.0741
VORTEX (21): 0.9701
Stochastique (14,3,5): 65.79
TEMA (21): 2.0731
Williams %R (14): -28.95
Chande Momentum Oscillator (20): 0.0004
Repulse (5,40,3): 0.0182
ROCnROLL: 1
TRIX (15,9): 0.0007
Courbe Coppock: 0.07
MA7: 2.0713
MA20: 2.0777
MA50: 2.0755
MA100: 2.0846
MAexp7: 2.0732
MAexp20: 2.0735
MAexp50: 2.0728
MAexp100: 2.0722
Price / MA7: +0.11%
Price / MA20: -0.20%
Price / MA50: -0.10%
Price / MA100: -0.53%
Price / MAexp7: +0.01%
Price / MAexp20: -0%
Price / MAexp50: +0.03%
Price / MAexp100: +0.06%

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.

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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