GBP/NZD

- NZD (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	GBPNZD
ISIN:

GBP/NZD - Weekly - Technical analysis published on 03/13/2024 (GMT)

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above

My targets

()

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/NZD as long as the price remains well above . The buyers' bullish objective is set at . A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at . If there is any crossing, the next objective would be the resistance located at . Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

7.3

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

Additional analysis

Quotes

The GBP/NZD rating is 2.0778 NZD. The price is lower by -0.01% over the 5 days and has been traded over the last 5 days between 2.0700 NZD and 2.0838 NZD. This implies that the 5 day price is +0.38% from its lowest point and -0.29% from its highest point.

2.0700

2.0838

2.0778

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of GBP/NZD in Weekly shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Weekly

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Weekly

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

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

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

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:

Near resistance of channel

Type : Bearish

Timeframe : Weekly

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.9189	2.0096	2.0517	2.0778	2.0949	2.1521	2.2327
Change (%)	-7.65%	-3.28%	-1.26%	-	+0.82%	+3.58%	+7.46%
Change	-0.1589	-0.0682	-0.0261	-	+0.0171	+0.0743	+0.1549
Level	Minor	Major	Intermediate	-	Major	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0621	2.0661	2.0734	2.0774	2.0847	2.0887	2.0960
Camarilla	2.0777	2.0787	2.0798	2.0808	2.0818	2.0829	2.0839
Woodie	2.0639	2.0669	2.0752	2.0782	2.0865	2.0895	2.0978
Fibonacci	2.0661	2.0704	2.0731	2.0774	2.0817	2.0844	2.0887

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0434	2.0549	2.0684	2.0799	2.0934	2.1049	2.1184
Camarilla	2.0749	2.0772	2.0795	2.0818	2.0841	2.0864	2.0887
Woodie	2.0443	2.0554	2.0693	2.0804	2.0943	2.1054	2.1193
Fibonacci	2.0549	2.0645	2.0704	2.0799	2.0895	2.0954	2.1049

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.9981	2.0178	2.0460	2.0657	2.0939	2.1136	2.1418
Camarilla	2.0611	2.0655	2.0699	2.0743	2.0787	2.0831	2.0875
Woodie	2.0025	2.0199	2.0504	2.0678	2.0983	2.1157	2.1462
Fibonacci	2.0178	2.0361	2.0474	2.0657	2.0840	2.0953	2.1136

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):	54.85
MACD (12,26,9):	0.0041
Directional Movement:	6.5596
AROON (14):	28.5714
DEMA (21):	2.0685
Parabolic SAR (0,02-0,02-0,2):	2.0289
Elder Ray (13):	0.0119
Super Trend (3,10):	2.1106
Zig ZAG (10):	2.0785
VORTEX (21):	1.0340
Stochastique (14,3,5):	80.75
TEMA (21):	2.0636
Williams %R (14):	-18.20
Chande Momentum Oscillator (20):	0.0617
Repulse (5,40,3):	0.5474
ROCnROLL:	1
TRIX (15,9):	0.0044
Courbe Coppock:	1.45

MA7:	2.0795
MA20:	2.0662
MA50:	2.0654
MA100:	2.0610
MAexp7:	2.0688
MAexp20:	2.0634
MAexp50:	2.0466
MAexp100:	2.0185
Price / MA7:	-0.08%
Price / MA20:	+0.56%
Price / MA50:	+0.60%
Price / MA100:	+0.82%
Price / MAexp7:	+0.44%
Price / MAexp20:	+0.70%
Price / MAexp50:	+1.52%
Price / MAexp100:	+2.94%

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.

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