GBPNZD Trading Opportunity! SELL!
My dear followers,
This is my opinion on the GBPNZD next move:
The asset is approaching an important pivot point 2.0775
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 2.0715
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
GBPNZD
established new uptrend in lower timefram Let's analyze the GBP/NZD chart.
1. Currency Pair: The chart represents the GBP/NZD (British Pound/New Zealand Dollar) currency pair.
2. Time Frame: The chart is based on a 4-hour time frame.
3. Technical Analysis:
- Descending Channel: The chart shows a descending channel pattern. This pattern is formed by two parallel downward-sloping trendlines connecting lower highs and lower lows. It indicates a bearish trend.
- Support and Resistance: Horizontal lines mark specific price levels, which may act as support or resistance areas. These levels are crucial for traders.
- Short-Term Support: Inside the larger channel, there's an upward-sloping trendline acting as short-term support for the price.
4. Trading Implications: Traders interested in GBP/NZD can use this analysis to identify potential entry and exit points based on the observed patterns.
Remember that this is just a technical analysis, and other factors (fundamental analysis, geopolitical events, etc.) can also impact currency pairs. Always consider a holistic approach when making trading decisions. 📈💡
GBPNZDAnalysis for the GBPNZD currency pair. Let's break down your analysis step by step:
Expected Downward Movement to OB Area (2.04610 - 2.04140):
You anticipate that the price of GBPNZD will decrease to a range between 2.04610 and 2.04140. This is often referred to as the "Order Block" (OB) area in technical analysis, where buying interest is expected to come in.
Anticipated Upward Movement to 2.08440:
After reaching the OB area, you expect the price to rebound and potentially reach 2.08440. This level might act as a resistance or a target for profit-taking.
Subsequent Drop to Weekly Support at 2.01030:
Following the potential rise to 2.08440, you predict another downward movement in price, aiming to reach the weekly support level at 2.01030. This could be a significant level where buyers are expected to enter again.
Weekly Price Update:
You plan to provide an update on these price movements by the end of the week, possibly to reassess or confirm your analysis based on how the market has behaved.
It's important to note that trading predictions are speculative and influenced by various factors, including economic news, geopolitical events, and market sentiment. Always consider using risk management techniques and consult multiple sources of information before making trading decisions.
Bearish drop?GBP/NZD is rising towards a resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2.07254
Why we like it:
There is an overlap resistance level which lines up with the 38.2% Fibonacci retracement.
Stop loss: 2.08612
Why we like it:
There is a pullback resistance level.
Take profit: 2.06216
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBP/NZD Creating , Inverted H&S , 2 Places To Buy &Get 200 PipsThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPNZD 1D MA50 rejection. Sell Signal.The GBPNZD pair recently made a Bearish Break-out as it broke below the Channel Up and the 1D MA200 (orange trend-line), introducing a new Channel Down pattern. On Monday we saw the latest rejection on the 1D MA50 (blue trend-line), which has been holding as Resistance since May 03.
As long as it holds, we expect the new Bearish Leg to start. The previous one stopped after a -2.75% decline, which currently gives a price tag at a little below 2.0300. However we will use a more modest Target, aiming at 2.04000 (a little above Support 2).
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GBP-NZD Potential Short! Sell!
Hello,Traders!
GBP-NZD made a strong
Move upwards and the pair
Will soon retest a horizontal
Resistance of 2.090 from
Where we will be expecting
A local bearish pullback
And a move down
Sell!
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Check out other forecasts below too!
GBPNZD - 4hrs ( Buy Trade / 2 Entry's Target Range 200 : 400 PIP☑️Pair Name : GBP/NZD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🛡 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
⌛ Key Technical / Direction ( Long )
Type : Mid Term Swing
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Bullish Reversal
2.07100 Area
Reasons
- Major choch Zone
- Visible Range kvn
- Pattern Reversal
- Fixed Rage Hvn
- Quarters Area
Bearish Reversal
2.08800 Area
Profits Gain
Bearish Reversal
2.12000 Area
Profits Gain
Reasons
- Major Turn level / W
- Quarter high
- Month High
- Choch Zone
- Fibo Golden
- Visible Range Hvn
GBPNZD: Short Trade From Resistance 🇬🇧🇳🇿
GBPNZD may drop from a key daily resistance.
The pair is trading in a long-term bearish trend
and an intraday price action on an hourly time frame leave clear bearish clues.
I anticipate a retracement at least to 1.077
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GBP/NZD LONG FROM SUPPORT
Hello,Friends!
GBP/NZD is making a bearish pullback on the 1D TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 2.085 level.
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GBPNZD Will Explode! BUY!
My dear friends,
GBPNZD looks like it will make a good move, and here are the details:
The market is trading on 2.0668 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 2.0727
Recommended Stop Loss - 2.0631
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
GBPNZD 1H Long Trade - 1:6 RRRPair: GBPNZD
Action: Buy
RRR: 1:6
SL: 2.06221
TP: 2.09800
Indicators:
EMA200: The EMA200 serves as a critical indicator of the long-term trend direction.
MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend.
Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
GBPNZD 1H Long Trade - 1:6 RRRPair: GBPNZD
Action: Buy
RRR: 1:6
SL: 2.06221
TP: 2.09800
Indicators:
EMA200: The EMA200 serves as a critical indicator of the long-term trend direction.
MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend.
Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
GBPNZD Is Going Up! Buy!
Take a look at our analysis for GBPNZD.
Time Frame: 10h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2.074.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.082 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Could GBP/NZD bounce from here?Price is falling towards a support level which is a pullback support that lines up with the 100% Fibonacci projection and could potentially bounce from this level to our take profit.
Entry: 2.06739
Why we like it:
There is a pullback support level which lines up with the 100% Fibonacci projection.
Stop loss: 2.06069
Why we like it:
There is a pullback support level which aligns with the 127.2% Fibonacci extension.
Take profit: 2.07731
Why we like it:
There is an overlap resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBP_NZD SUPPORT AHEAD|LONG|
✅GBP_NZD will be retesting a support level soon at 2.0675
From where I am expecting a bullish reaction
With the price going up but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
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