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 2.0832 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 - 2.0938
Recommended Stop Loss - 2.0763
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
GBPNZD Technical Analysis! BUY!
My dear friends,
Please, find my technical outlook for GBPNZD below:
The price is coiling around a solid key level - 2.0890
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 2.1001
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
GBPNZD Long Trade Setup A #long trade opportunity recently presented itself on the #poundkiwi (#GBPNZD) #trading chart 📈.
This is indicated by the #bullish engulfing candlestick 🕯️ pattern on the 2.08563 horizontal support level.
This indicates a fakeout (fake breakout) of the same level, with potential price move in the upward 👆 ⬆️ direction (#buy).
Sufficient upward momentum should see price rallying towards the 2.11500 psychological level and possibly testing the strength of the 2.11884 horizontal resistance level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
GBPNZD What Next? SELL!
My dear friends,
GBPNZD looks like it will make a good move, and here are the details:
The market is trading on 2.1090 pivot level.
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 - 2.1018
Recommended Stop Loss - 2.1138
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 - Wait For The Beast 🎶Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPNZD has been overall bullish , trading within the rising channel in blue.
Currently, GBPNZD is in a correction phase, approaching the lower bound of the channel.
Moreover, it is retesting a strong demand in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline.
📚 As per my trading style:
As #GBPNZD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Falling towards 50% Fibonacci retracement support?GBP/NZD is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2.10558
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement.
Stop loss: 2.09520
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement.
Take profit: 2.12615
Why we like it:
There is a pullback resistance level
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GBP/NZD Finally Gave Bearish P.A ,Daily Closure Amazing, Short ?This 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 - Bullish Momentum Expected from Key Support LevelGBPNZD is currently forming a Harmonic Pattern (XABCD) along with a Trendline on the 4-hour time frame. This pattern indicates potential price reversals or continuations based on Fibonacci levels. Point D of the pattern is situated at a key Support level, suggesting a possible bullish momentum.
Entry and Stop Loss:
Based on the analysis, the entry point is identified at 2.09390, with a stop loss set at 2.08300 to manage risk in case of unexpected market movements.
Take Profit Targets:
Three take profit targets are proposed:
TP-1: 2.10480
TP-2: 2.11557
TP-3: 2.12660
These targets are strategically placed to capture potential price movements in the bullish direction.
Conclusion:
Considering the Harmonic Pattern formation, trendline support, and key support level at Point D, the analysis suggests a bullish bias for GBPNZD. However, traders should closely monitor the price action and adjust their positions accordingly as the market evolves.
GBPNZD Is Going Up! Buy!
Please, check our technical outlook for GBPNZD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 2.110.
The above observations make me that the market will inevitably achieve 2.136 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPNZD ready to move up to ( 2.1350 )GBPNZD Price : 2.1028
Trend : Up on daily chart
Transaction: Sell
Reasons : Today the resistance on hour chart has been broken at the level ( 2.0975 ) which making the way opened to new high records next few days ( all reason mentioned on chart )
Technical analysis failure at level : 2.0890
Technical analysis success at level : TP1 & TP2 ( check the chart )
GBPNZD: Rising Wedge pushing the price higher.GBPNZD is neutral on the 1D time-frame (RSO = 52.651, MACD = 0.004, ADX = 24.344) as the price is consolidating after the rebound on the 1D MA50. The Resing Wedge pattern is constantly pushing the price higher and as long as the 1D MA50 holds, this is the bullish wave to a HH. The two HH prior were formed on the 1.5 Fibonacci extension, all validated by a 1D MACD bullish cross. We are long, aiming yet again at the 1.5 Fib (TP = 2.13800).
See how our prior idea has worked out:
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GBP/NZD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
GBP/NZD is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 2.092.
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GBPNZD - Bearish price action ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action from here as price rejected perfectly for trendline + liquidity zone.
Fundamental news: Upcoming week on Wednesday we will see result of Unemployment Rate on NZD, news with high impact on currency.
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GBPNZD in the first half of 2024A glimpse of the GBPNZD in the first half of 2024
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According to my risk and capital management system, the risk of each trade is one percent per position.
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GBP/NZD BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
GBP/NZD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 2.078 area.
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GBPNZD SELL SCENARIOOkay okay okay,
my aim today is the Monday's price low,
so I'm waiting for the price to retrace to the deep premium price so as i can sell with high probability,
lets check out how the price will price will play
make sure you remember to follow me, like and comment if you have something
for more hind sights, lets meet here
GBP/NZD BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
GBP/NZD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 2.110 area.
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