GBP-NZD Growing Inside The Channel! Buy!
Hello,Traders!
GBP-NZD is trading in an
Uptrend in a rising channel
And the pair has retested
And rebounded successfully
From the rising support of the
Channel so further growth
Is to be expected
Buy!
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GBPNZD
GBP/NZD The Target Is UP! BUY!
My dear subscribers ,
Please, find my technical outlook for GBP/NZD below:
The instrument tests an important psychological level 2.01202
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Goal - 2.03408
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: Long Trading Opportunity
GBPNZD
- Classic bullish pattern
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Buy GBPNZD
Entry Level - 2.01130
Stop Loss - 1.99953
Take Profit - 2.03015
Our Risk - 1%
Start protection of your profits from lower levels.
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GBPNZD Is Very Bullish! Long!
Please, check our technical outlook for GBPNZD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 2.008.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2.037 level soon.
P.S
The term overbought refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Potential Sell Opportunity - GBP/NZDI will be considering a sell when the 1HR closes. The market must trade through the current 1HR Low for a validated entry. The market is reacting beautifully to the 2.01000 level with rejection. Also the 20EMA/50MA are in a confirmed downtrend. I will be taking this trade into new lows as a target.
Bullish GBP/NZD Trend: Potential Long Position OpportunityDuring the previous trading session, the GBP/NZD currency pair displayed a robust bullish rally, driving the price to the notable level of 2.0400. However, following this upward movement, the price has initiated a retracement and pulled back to the 61.8% Fibonacci level. Interestingly, this area coincides with the presence of strong support at 2.000 and the RSI indicator showing oversold conditions. As a result, swing traders might consider taking a long position aligned with the prevailing uptrend, as clearly evident in higher timeframes.
Considering these technical factors, we anticipate a continuation of the bullish trend, with a pullback in this retracement area serving as a viable entry point for traders to take advantage of the upward momentum.
GBPNZD: ...Sell the rally? Yes, but 2.31 belowThe main trend is bullish, but at the same time, the pair could trigger some corrective structure in the short term. If this idea is correct, it is possible for ABC Patterns to appear on hourly chart.
Note: Updates will follow below.
Trade with care!
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GBP/NZD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
We are now examining the GBP/NZD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.980 level.
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Gbp/Nzd (Back To 2.04000... and then maybe down) Gbp/Nzd (Like Most Other Pairs At The Last Day Of The Month) is trading around a level of PSYCHOLOGICAL RESISTANCE at 2.04000
Friday , Gbp/Nzd touched this area and started to move down a little , but not too much!!!!
So the idea would be to WAIT!!! You should not actually be looking for a sell anyway in the strong uptrend!!!!
But if your looking for a PULLBACK SELL IDEA , I would wait for price to touch 2.04000 again ... AND STILL NOT PUSH SELL!!!!!
After price touches 2.04000 and my Short Term Trend Indicator says sell , I may open a sell for scalping purposes only and close the trade whenever I feel like it....
Then I will wait for a confirmed downtrend and then Sell!!!!
GBPNZD Will Move Higher! Buy!
Here is our detailed technical review for GBPNZD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2.032.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.044 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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GBP-NZD Will Keep Growing! Buy!
Hello,Traders!
GBP-NZD is trading along
The rising support in an
Uptrend and the pair recently
Broke a strong horizontal level
Of 2.025 which is now a support
And which confluences with the
Trend-line as well so I am
Bullish biased on the pair
And as we are seeing
A rebound from the
Support cluster
I think that the pair
Will keep going up
Buy!
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GBP/NZD Bullish Trend and Resistance Areas - LONG SetupThe currency pair GBP/NZD has demonstrated a persistent uptrend, which has been sustained by the Dynamic trendline as a reliable support level. As a result, the price has surged and achieved new highs consistently. Currently, the price level hovers just above the 2.0350 threshold, and there is potential for further growth towards the 2.050 area. However, it is worth noting that the 2.050 region comprises various resistance areas that could result in a retracement. Our recommended approach is to align with the primary trend and aim to capitalize on more pips until the resistance zone is reached.
✅TS ❕ GBPNZD: tests the resistance area✅✅ GBP/NZD reached the resistance area.
Volatility has decreased.
We expect a reversal near the current level. ✅
🚀 SELL scenario: short to 2.02335 🚀
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