GBPNZD Under Pressure! SELL!
My dear friends,
My technical analysis for GBPNZD is below:
The market is trading on 2.0488 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.0434
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GBPNZD
GBPNZDGBPNZD is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 2.040
What you guys think of this idea?
GBPNZD | Short idea!GBPNZD went face first into a resistance zone. This zone has seen a lot of price action before and must be treated with careful and brutal precision. If price continuous to go down tomorrow, I will be looking for shot positions on the lower time frames!
Be patient, trade safely and manage your risk!
GBPNZD to turnaround at current support?GBPNZD - 24h expiry
Price action has continued to trend strongly lower and has stalled at the previous support near 2.0430.
Price action looks to be forming a bottom.
Momentum is flat, highlighting the lack of clear direction.
Risk/Reward would be poor to call a buy from current levels.
A move through 2.0500 will confirm the bullish momentum.
We look to Buy at 2.0440 (stop at 2.0380)
Our profit targets will be 2.0590 and 2.0620
Resistance: 2.0500 / 2.0530 / 2.0550
Support: 2.0430 / 2.0400 / 2.0380
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Wave (B) Sideway ?? Sharp Move Downside!!Hello there!
I am a big fan of the Elliott Wave Principle, which is very interesting and useful for analyzing the market. I have developed my analytical approach by combining the principle with my personal experience and considering various scenarios that may occur in the market.
Although I want to share my analysis with you, I want to emphasize that I do not provide buy or sell signals. My main intention is to share my unbiased analysis so that you can use it as a guide to make informed decisions.
To build your confidence in my analysis, I always share my previous analysis of the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand.
I hope that my analysis will be helpful in your trading journey and wish you all the best.
Sincerely,
GBPNZD - Trading The Channel ↗️↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
GBPNZD has been overall bearish trading within the falling red channel and it is currently approaching the lower bound / trendline.
Moreover, the zone 2.038 is a strong support.
📉 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the support and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As GBPNZD approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Moreover, as GBPNZD approaches the upper red trendline, we will be looking for sell setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBP-NZD Will Keep Falling! Sell!
Hello,Traders!
GBP-NZD is trading in a
Strong downtrend and the
Pair broke the key horizontal
Level of 2.052 and the breakout
Is confirmed so I think
That we will see a
Bearish continuation
Sell!
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GBPNZD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPNZD for a selling opportunity around 2.05100 zone, GBPNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2.05100 support and resistance area.
Trade safe, Joe.
GBPNZD Set To Grow! BUY!
My dear subscribers,
This is my opinion on the GBPNZD next move:
The instrument tests an important psychological level 2.0573
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.0682
My Stop Loss - 2.0523
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
GBPNZD: Long Trading Opportunity
GBPNZD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GBPNZD
Entry Point - 2.0619
Stop Loss - 2.0562
Take Profit - 2.0731
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
GBPNZD Sell every Channel Down top.The GBPNZD pair has enter a Channel Down pattern with the 1D MA50 as its pivot. A similar pattern emerged in May 2022, after the pair made an identical top and bottom (see the blue Rectangle). This time we have an additional support in the form of the 1D MA200 (orange trend-line) but as long as the price trades within the Channel Down, sell every Lower High and target the 1D MA200.
If the price closes a 1D candle below the 1D MA200, we have to start considering a long-term shift to a bearish trend and sell after the first rebound to the 1D MA50, while a closing above th 0.618 Fibonacci level will be bullish, targeting the 2.1500 High.
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GBPNZD: Long Signal Explained
GBPNZD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GBPNZD
Entry Point - 2.0643
Stop Loss - 2.0587
Take Profit - 2.0750
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
GBPNZD Long Term Buying Trading IdeaHello Traders
In This Chart GBPNZD HOURLY Forex Forecast By FOREX PLANET
today GBPNZD analysis 👆
🟢This Chart includes_ (GBPNZD market update)
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
Monitoring GBPNZD Trend StrengthGBPNZD has been such a weird pair for me. It gives off bearish vibes as annotated in my original analysis.
As labelled on my chart, I entered short last week and got stopped out a few days later. Now that price entered and then exited the previous range on the downside, I'm enticed to make another attempt at a short entry.
Plan is to wait for 1-2 more daily candle(s) close before making an entry decision. The reason is because I do not want to see strong overlapping bars, which may indicate market indecision or also known as micro-consolidation.
Swing Opportunity on GBPNZDThe price action I've observed on the daily timeframe points to a very nice bearish sentiment in five key points.
Price peaks in August by forming a range, which breaks near the end of that month.
Consolidation forms shortly after and downside momentum forces price to break below the lower range boundary.
This marks a technical trend change as defined by the crossing over the faster exponential moving average (EMA) below the slower EMA.
Price retraces in October and forms another consolidation.
In today's close, price retests the lower range boundary of this consolidation and holds below it; price currently exhibits continued selling strength.