Londinia Opportunities Analyses - 06/08/2023 (GMT) GBP/NZD - 1H

- NZD (-)

- Real time data - Forex

Type:	Forex
Ticker:	GBPNZD
ISIN:

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 2.0517 NZD

My targets

2.0662 NZD (+0.0077)

2.0696 NZD (+0.0111)

My analysis

The basic bullish trend is very strong on GBP/NZD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 2.0517 NZD. Crossing the first resistance at 2.0662 NZD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 2.0696 NZD as an objective. Crossing it would then enable buyers to target 2.0739 NZD. Caution, a return to below 2.0517 NZD would be a sign of a consolidation phase in the short-term basic trend. 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.

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

7.3

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The GBP/NZD price is 2.0585 NZD. On the day, this instrument lost -0.06% and was traded between 2.0502 NZD and 2.0604 NZD over the period. The price is currently at +0.40% from its lowest and -0.09% from its highest.

2.0502

2.0604

2.0585

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:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of GBP/NZD in 1H shows a strongly overall bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour

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

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:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.0352	2.0393	2.0517	2.0585	2.0596	2.0662	2.0696
Change (%)	-1.13%	-0.93%	-0.33%	-	+0.05%	+0.37%	+0.54%
Change	-0.0233	-0.0192	-0.0068	-	+0.0011	+0.0077	+0.0111
Level	Minor	Intermediate	Major	-	Minor	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	2.0268	2.0343	2.0470	2.0545	2.0672	2.0747	2.0874
Camarilla	2.0543	2.0561	2.0580	2.0598	2.0617	2.0635	2.0654
Woodie	2.0295	2.0356	2.0497	2.0558	2.0699	2.0760	2.0901
Fibonacci	2.0343	2.0420	2.0468	2.0545	2.0622	2.0670	2.0747

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.9941	2.0140	2.0340	2.0539	2.0739	2.0938	2.1138
Camarilla	2.0429	2.0466	2.0502	2.0539	2.0576	2.0612	2.0649
Woodie	1.9941	2.0140	2.0340	2.0539	2.0739	2.0938	2.1138
Fibonacci	2.0140	2.0293	2.0387	2.0539	2.0692	2.0786	2.0938

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.9090	1.9418	2.0040	2.0368	2.0990	2.1318	2.1940
Camarilla	2.0401	2.0488	2.0575	2.0662	2.0749	2.0836	2.0923
Woodie	1.9237	1.9492	2.0187	2.0442	2.1137	2.1392	2.2087
Fibonacci	1.9418	1.9781	2.0005	2.0368	2.0731	2.0955	2.1318

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	57.16
MACD (12,26,9):	0.0010
Directional Movement:	1.1068
AROON (14):	21.4285
DEMA (21):	2.0577
Parabolic SAR (0,02-0,02-0,2):	2.0512
Elder Ray (13):	0.0025
Super Trend (3,10):	2.0513
Zig ZAG (10):	2.0589
VORTEX (21):	1.0014
Stochastique (14,3,5):	83.54
TEMA (21):	2.0570
Williams %R (14):	-17.65
Chande Momentum Oscillator (20):	-0.0005
Repulse (5,40,3):	0.0815
ROCnROLL:	1
TRIX (15,9):	0.0079
Courbe Coppock:	0.20

MA7:	2.0567
MA20:	2.0274
MA50:	2.0126
MA100:	1.9735
MAexp7:	2.0571
MAexp20:	2.0562
MAexp50:	2.0538
MAexp100:	2.0525
Price / MA7:	+0.09%
Price / MA20:	+1.53%
Price / MA50:	+2.28%
Price / MA100:	+4.31%
Price / MAexp7:	+0.07%
Price / MAexp20:	+0.11%
Price / MAexp50:	+0.23%
Price / MAexp100:	+0.29%

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: