GBP/NZD

- NZD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPNZD
ISIN:

GBP/NZD - 1H - Technical analysis published on 03/14/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

67%

28%

My opinion

Bullish above 2.0738 NZD

My targets

2.0840 NZD (+0.0046)

2.0915 NZD (+0.0121)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on GBP/NZD as long as the price remains well above 2.0738 NZD. The buyers' bullish objective is set at 2.0840 NZD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.0915 NZD. If there is any crossing, the next objective would be the resistance located at 2.0949 NZD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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

5.4

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

Additional analysis

Quotes

The GBP/NZD rating is 2.0794 NZD. The price registered an increase of +0.14% on the session with the lowest point at 2.0727 NZD and the highest point at 2.0800 NZD. The deviation from the price is +0.32% for the low point and -0.03% for the high point.

2.0727

2.0800

2.0794

A study of price movements over other periods shows the following variations:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this GBP/NZD chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

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

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.0700	2.0738	2.0786	2.0794	2.0840	2.0915	2.0949
Change (%)	-0.45%	-0.27%	-0.04%	-	+0.22%	+0.58%	+0.75%
Change	-0.0094	-0.0056	-0.0008	-	+0.0046	+0.0121	+0.0155
Level	Intermediate	Intermediate	Minor	-	Intermediate	Minor	Major

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	2.0640	2.0687	2.0726	2.0773	2.0812	2.0859	2.0898
Camarilla	2.0742	2.0750	2.0758	2.0766	2.0774	2.0782	2.0790
Woodie	2.0637	2.0685	2.0723	2.0771	2.0809	2.0857	2.0895
Fibonacci	2.0687	2.0720	2.0740	2.0773	2.0806	2.0826	2.0859

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 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):	56.85
MACD (12,26,9):	0.0000
Directional Movement:	5.2388
AROON (14):	-28.5714
DEMA (21):	2.0773
Parabolic SAR (0,02-0,02-0,2):	2.0728
Elder Ray (13):	0.0013
Super Trend (3,10):	2.0813
Zig ZAG (10):	2.0795
VORTEX (21):	0.9811
Stochastique (14,3,5):	76.26
TEMA (21):	2.0774
Williams %R (14):	-4.11
Chande Momentum Oscillator (20):	0.0012
Repulse (5,40,3):	0.1486
ROCnROLL:	1
TRIX (15,9):	-0.0017
Courbe Coppock:	0.07

MA7:	2.0783
MA20:	2.0670
MA50:	2.0662
MA100:	2.0610
MAexp7:	2.0777
MAexp20:	2.0774
MAexp50:	2.0776
MAexp100:	2.0776
Price / MA7:	+0.05%
Price / MA20:	+0.60%
Price / MA50:	+0.64%
Price / MA100:	+0.89%
Price / MAexp7:	+0.08%
Price / MAexp20:	+0.10%
Price / MAexp50:	+0.09%
Price / MAexp100:	+0.09%

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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