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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 - 15 min. - Technical analysis published on 02/09/2024 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
83%
6%
My opinion
Bearish under 2.0612 NZD
My targets
2.0522 NZD (-0.0017)
2.0310 NZD (-0.0229)
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 2.0612 NZD. The next support located at 2.0522 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8.4

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.

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

Additional analysis

Quotes

The GBP/NZD price is 2.0539 NZD. The price registered a decrease of -0.51% on the session and was between 2.0520 NZD and 2.0666 NZD. This implies that the price is at +0.09% from its lowest and at -0.61% from its highest.

2.0520
2.0666
2.0539

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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:

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 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 15 min. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 15 minutes


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 15 minutes


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



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

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 15 minutes


Support of channel is broken

Type : Bearish

Timeframe : 15 minutes



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:

Central Candlesticks

Bullish doji star

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.0092 2.0310 2.0517 2.0539 2.0637 2.0655 2.0727
Change (%) -2.18% -1.11% -0.11% - +0.48% +0.56% +0.92%
Change -0.0447 -0.0229 -0.0022 - +0.0098 +0.0116 +0.0188
Level Major Intermediate Minor - Intermediate Minor Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.05222.05792.06122.06692.07022.07592.0792
Camarilla2.06192.06282.06362.06442.06522.06612.0669
Woodie2.05092.05732.05992.06632.06892.07532.0779
Fibonacci2.05792.06142.06352.06692.07042.07252.0759


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.04702.05532.06912.07742.09122.09952.1133
Camarilla2.07672.07882.08082.08282.08482.08692.0889
Woodie2.04972.05672.07182.07882.09392.10092.1160
Fibonacci2.05532.06382.06902.07742.08592.09112.0995


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.93901.97422.02422.05942.10942.14462.1946
Camarilla2.05082.05862.06642.07422.08202.08982.0976
Woodie1.94641.97792.03162.06312.11682.14832.2020
Fibonacci1.97422.00682.02692.05942.09202.11212.1446

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): 22.34
MACD (12,26,9): -0.0019
Directional Movement: -29.6783
AROON (14): -85.7143
DEMA (21): 2.0565
Parabolic SAR (0,02-0,02-0,2): 2.0598
Elder Ray (13): -0.0042
Super Trend (3,10): 2.0593
Zig ZAG (10): 2.0523
VORTEX (21): 0.8095
Stochastique (14,3,5): 5.50
TEMA (21): 2.0561
Williams %R (14): -97.17
Chande Momentum Oscillator (20): -0.0089
Repulse (5,40,3): -0.2989
ROCnROLL: 2
TRIX (15,9): -0.0091
Courbe Coppock: 0.42
MA7: 2.0684
MA20: 2.0728
MA50: 2.0507
MA100: 2.0584
MAexp7: 2.0565
MAexp20: 2.0589
MAexp50: 2.0619
MAexp100: 2.0642
Price / MA7: -0.70%
Price / MA20: -0.91%
Price / MA50: +0.16%
Price / MA100: -0.22%
Price / MAexp7: -0.13%
Price / MAexp20: -0.24%
Price / MAexp50: -0.39%
Price / MAexp100: -0.50%

Quotes : - Real time data - Forex

News


The latest news and videos published on GBP/NZD at the time of the analysis were 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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