GBPNZD Neutral

Analysis Price: 2.2589 (Updated: 17 May 2025, 17:48 UTC)

Comprehensive analysis for GBPNZD showing neutral market sentiment. Market structure, technical patterns, and key levels examined across multiple timeframes.

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Signal Overview

Neutral Medium Confidence High Risk

Market Consensus:

57% Long

43% Short

Valid Timeframes:

M15 H1 H4 D1

Signal Analysis:

The analysis indicates a neutral outlook for GBPNZD. Contradicting factors: GBP is showing relative strength against NZD (diff: 37%); Retail sentiment is 64% bearish. Risk assessment for this trade is high. This signal is most valid on the M15, H1, H4, D1 timeframes.

Sentiment Analysis

LONG SHORT

36% 64%

Historical Sentiment (7 Days)

Sentiment Interpretation

Bearish sentiment with 64% of traders holding short positions. The market has a negative bias, but watch for signs of exhaustion if this percentage increases further.

Support & Resistance Analysis

Resistance Levels

R1: 2.2696 0.47% ↑

Analysis Price: 2.2589

Support Levels

S1: 2.2365 0.99% ↓

Market Regime:

Uptrend

Analyst Bias:

Unknown

Direction Probability:

68%

Price Position Analysis

Price is currently near resistance at 2.2696 (0.47% above analysis price) with support at 2.2365 (0.99% below). This position near resistance could present a potential selling opportunity with a favorable risk-reward ratio.

Chart Pattern Analysis

No chart patterns detected for GBPNZD at this time.

High Probability Zones

No high probability zones detected for GBPNZD at this time.

Volatility Analysis

Select Timeframe:

Daily Range (pips):

54.0

Volatility Regime:

Normal

Volatility Level:

26%

10-Day ATR Trend

Volatility Interpretation (H1)

GBPNZD is showing normal volatility (26 percentile) with an expected daily range of 54.0 pips. This represents average market conditions conducive to standard trading strategies. Standard position sizing and stop loss parameters are appropriate.

Correlation Analysis

Top Correlations with GBPNZD

NZDCHF

-0.86

GBPAUD

0.84

NZDCAD

-0.84

NZDUSD

-0.83

GBPCHF

0.76

Correlation Interpretation

Understanding how GBPNZD correlates with other pairs can help with portfolio diversification and risk management. Strong positive correlations (above 0.7) indicate pairs that move similarly, while strong negative correlations (below -0.7) show pairs that typically move in opposite directions.

GBPNZD shows strong positive correlation with: GBPAUD, GBPCHF. This means these pairs tend to move in the same direction. Trading in the same direction on multiple correlated pairs increases portfolio risk, while finding divergences between correlated pairs can highlight potential reversal opportunities.

GBPNZD shows strong negative correlation with: NZDCHF, NZDCAD, NZDUSD. This means these pairs tend to move in opposite directions. Negatively correlated pairs can be useful for hedging strategies or to confirm signals (a buy signal in one pair would be supported by a sell signal in the negatively correlated pair).

Currency Strength Analysis

Select Timeframe:

GBP

0.06

Neutral

NZD

-0.21

Neutral

Relative Strength:

0.27

Neutral Bias

Currency Strength Interpretation (M15)

GBP is moderately stronger than NZD on the M15 timeframe, with a relative strength of 0.27. This suggests a mild bullish bias for GBPNZD. Monitor for additional confirmation signals before entering a long position.

How to Use This Analysis

This comprehensive analysis provides multiple perspectives on GBPNZD to help inform your trading decisions:

Sentiment Analysis: Use to understand market positioning and potential contrarian opportunities
Support & Resistance: Identify key price levels for setting stop losses and take profits
Pattern Analysis: Recognize technical formations that may indicate continuation or reversal
Volatility Analysis: Adjust position sizing and risk management based on current market conditions
Currency Strength: Compare the relative performance of individual currencies within the pair
Correlation Analysis: Understand how this pair moves in relation to others for portfolio diversification

For optimal results, consider how these different factors align. The strongest trading opportunities typically occur when multiple analytical tools show confirmation across different timeframes.