GBP/NZD

- NZD (-)

- Real time data - Forex

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Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	GBPNZD
ISIN:

GBP/NZD - 1H - Technical analysis published on 02/07/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 2.0707 NZD

My targets

2.0517 NZD (-0.0148)

2.0310 NZD (-0.0355)

My analysis

GBP/NZD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.0707 NZD. The next support located at 2.0517 NZD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2.0310 NZD. Below this support, sellers could then target 2.0092 NZD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.6

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

Additional analysis

Quotes

GBP/NZD rating 2.0665 NZD. The price has increased by +0.01% since the last closing and was traded between 2.0627 NZD and 2.0708 NZD over the period. The price is currently at +0.18% from its lowest and -0.21% from its highest.

2.0627

2.0708

2.0665

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GBP/NZD:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GBP/NZD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.0310	2.0517	2.0655	2.0665	2.0675	2.0707	2.0766
Change (%)	-1.72%	-0.72%	-0.05%	-	+0.05%	+0.20%	+0.49%
Change	-0.0355	-0.0148	-0.0010	-	+0.0010	+0.0042	+0.0101
Level	Intermediate	Minor	Intermediate	-	Minor	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	2.0480	2.0557	2.0611	2.0688	2.0742	2.0819	2.0873
Camarilla	2.0628	2.0640	2.0652	2.0664	2.0676	2.0688	2.0700
Woodie	2.0468	2.0551	2.0599	2.0682	2.0730	2.0813	2.0861
Fibonacci	2.0557	2.0607	2.0638	2.0688	2.0738	2.0769	2.0819

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0470	2.0553	2.0691	2.0774	2.0912	2.0995	2.1133
Camarilla	2.0767	2.0788	2.0808	2.0828	2.0848	2.0869	2.0889
Woodie	2.0497	2.0567	2.0718	2.0788	2.0939	2.1009	2.1160
Fibonacci	2.0553	2.0638	2.0690	2.0774	2.0859	2.0911	2.0995

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.9390	1.9742	2.0242	2.0594	2.1094	2.1446	2.1946
Camarilla	2.0508	2.0586	2.0664	2.0742	2.0820	2.0898	2.0976
Woodie	1.9464	1.9779	2.0316	2.0631	2.1168	2.1483	2.2020
Fibonacci	1.9742	2.0068	2.0269	2.0594	2.0920	2.1121	2.1446

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):	44.71
MACD (12,26,9):	-0.0009
Directional Movement:	-7.8391
AROON (14):	50.0000
DEMA (21):	2.0668
Parabolic SAR (0,02-0,02-0,2):	2.0640
Elder Ray (13):	-0.0006
Super Trend (3,10):	2.0727
Zig ZAG (10):	2.0666
VORTEX (21):	0.9046
Stochastique (14,3,5):	58.49
TEMA (21):	2.0669
Williams %R (14):	-54.32
Chande Momentum Oscillator (20):	-0.0003
Repulse (5,40,3):	-0.0770
ROCnROLL:	2
TRIX (15,9):	-0.0086
Courbe Coppock:	0.12

MA7:	2.0722
MA20:	2.0715
MA50:	2.0510
MA100:	2.0588
MAexp7:	2.0675
MAexp20:	2.0681
MAexp50:	2.0700
MAexp100:	2.0719
Price / MA7:	-0.28%
Price / MA20:	-0.24%
Price / MA50:	+0.76%
Price / MA100:	+0.37%
Price / MAexp7:	-0.04%
Price / MAexp20:	-0.07%
Price / MAexp50:	-0.16%
Price / MAexp100:	-0.26%

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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