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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 - Daily - Technical analysis published on 03/28/2020 (GMT)

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Londinia
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  • Timeframe : Daily
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 2.0419 NZD
My targets
2.1071 NZD (+0.0427)
2.1469 NZD (+0.0825)
My analysis
The bullish trend is currently very strong on GBP/NZD. As long as the price remains above the support at 2.0419 NZD, you could try to benefit from the boom. The first bullish objective is located at 2.1071 NZD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.1469 NZD as an objective. Crossing it would then enable buyers to target 2.2327 NZD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
0
10
7.7

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.

hsokkar
This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The GBP/NZD price is 2.0644 NZD. The price has increased by +1.18% since the last closing and was traded between 2.0349 NZD and 2.0738 NZD over the period. The price is currently at +1.45% from its lowest and -0.45% from its highest.

2.0349
2.0738
2.0644

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Abnormal volumes on GBP/NZD were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days

Technical


Technical analysis of this Daily chart of GBP/NZD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily



An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : Daily


Doji

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.9472 1.9813 2.0419 2.0644 2.2327 2.4519 2.8856
Change (%) -5.68% -4.03% -1.09% - +8.15% +18.77% +39.78%
Change -0.1172 -0.0831 -0.0225 - +0.1683 +0.3875 +0.8212
Level Minor Major Major - Minor Intermediate Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.99812.01122.02582.03892.05352.06662.0812
Camarilla2.03272.03522.03782.04032.04282.04542.0479
Woodie1.99882.01162.02652.03932.05422.06702.0819
Fibonacci2.01122.02182.02842.03892.04952.05612.0666


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.87101.93031.98232.04162.09362.15292.2049
Camarilla2.00372.01392.02412.03432.04452.05472.0649
Woodie1.86741.92851.97872.03982.09002.15112.2013
Fibonacci1.93031.97281.99912.04162.08412.11042.1529


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.94351.97152.01132.03932.07912.10712.1469
Camarilla2.03242.03862.04482.05102.05722.06342.0696
Woodie1.94931.97452.01712.04232.08492.11012.1527
Fibonacci1.97151.99742.01342.03932.06522.08122.1071

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): 60.62
MACD (12,26,9): 0.0033
Directional Movement: 14.1689
AROON (14): -50.0000
DEMA (21): 2.0434
Parabolic SAR (0,02-0,02-0,2): 2.0819
Elder Ray (13): 0.0150
Super Trend (3,10): 2.0109
Zig ZAG (10): 2.0644
VORTEX (21): 1.0018
Stochastique (14,3,5): 39.86
TEMA (21): 2.0393
Williams %R (14): -32.79
Chande Momentum Oscillator (20): 0.0182
Repulse (5,40,3): 1.7891
ROCnROLL: 1
TRIX (15,9): 0.0235
Courbe Coppock: 1.32
MA7: 2.0350
MA20: 2.0411
MA50: 2.0261
MA100: 2.0080
MAexp7: 2.0416
MAexp20: 2.0381
MAexp50: 2.0267
MAexp100: 2.0099
Price / MA7: +1.44%
Price / MA20: +1.14%
Price / MA50: +1.89%
Price / MA100: +2.81%
Price / MAexp7: +1.12%
Price / MAexp20: +1.29%
Price / MAexp50: +1.86%
Price / MAexp100: +2.71%

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.

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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