GBP/NZD

- NZD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPNZD
ISIN:

GBP/NZD - 1H - Technical analysis published on 04/30/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 2.1173 NZD

My targets

2.1362 NZD (+0.0141)

2.1521 NZD (+0.0300)

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 2.1173 NZD. The buyers' bullish objective is set at 2.1362 NZD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.1521 NZD. If there is any crossing, the next objective would be the resistance located at 2.4519 NZD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.6

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.

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Additional analysis

Quotes

The GBP/NZD rating is 2.1221 NZD. The price registered an increase of +0.88% on the session and was traded between 2.1022 NZD and 2.1223 NZD over the period. The price is currently at +0.95% from its lowest and -0.01% from its highest.

2.1022

2.1223

2.1221

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

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of GBP/NZD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

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:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.1058	2.1099	2.1173	2.1221	2.1362	2.1521	2.4519
Change (%)	-0.77%	-0.57%	-0.23%	-	+0.66%	+1.41%	+15.54%
Change	-0.0163	-0.0122	-0.0048	-	+0.0141	+0.0300	+0.3298
Level	Major	Major	Intermediate	-	Minor	Major	Intermediate

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
Standard	2.0887	2.0923	2.0980	2.1016	2.1073	2.1109	2.1166
Camarilla	2.1011	2.1020	2.1029	2.1037	2.1046	2.1054	2.1063
Woodie	2.0898	2.0928	2.0991	2.1021	2.1084	2.1114	2.1177
Fibonacci	2.0923	2.0959	2.0981	2.1016	2.1052	2.1074	2.1109

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0673	2.0755	2.0894	2.0976	2.1115	2.1197	2.1336
Camarilla	2.0972	2.0993	2.1013	2.1033	2.1053	2.1074	2.1094
Woodie	2.0702	2.0769	2.0923	2.0990	2.1144	2.1211	2.1365
Fibonacci	2.0755	2.0839	2.0892	2.0976	2.1060	2.1113	2.1197

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.0266	2.0465	2.0777	2.0976	2.1288	2.1487	2.1799
Camarilla	2.0948	2.0994	2.1041	2.1088	2.1135	2.1182	2.1229
Woodie	2.0322	2.0493	2.0833	2.1004	2.1344	2.1515	2.1855
Fibonacci	2.0465	2.0661	2.0781	2.0976	2.1172	2.1292	2.1487

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):	74.88
MACD (12,26,9):	0.0045
Directional Movement:	25.3848
AROON (14):	71.4286
DEMA (21):	2.1211
Parabolic SAR (0,02-0,02-0,2):	2.1188
Elder Ray (13):	0.0036
Super Trend (3,10):	2.1136
Zig ZAG (10):	2.1221
VORTEX (21):	1.3194
Stochastique (14,3,5):	95.54
TEMA (21):	2.1231
Williams %R (14):	-0.70
Chande Momentum Oscillator (20):	0.0137
Repulse (5,40,3):	0.1662
ROCnROLL:	1
TRIX (15,9):	0.0284
Courbe Coppock:	1.04

MA7:	2.1016
MA20:	2.1010
MA50:	2.0908
MA100:	2.0715
MAexp7:	2.1201
MAexp20:	2.1153
MAexp50:	2.1092
MAexp100:	2.1053
Price / MA7:	+0.98%
Price / MA20:	+1.00%
Price / MA50:	+1.50%
Price / MA100:	+2.44%
Price / MAexp7:	+0.09%
Price / MAexp20:	+0.32%
Price / MAexp50:	+0.61%
Price / MAexp100:	+0.80%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on GBP/NZD. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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