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GBPNZD

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.
Long
by FOREXN1
16
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!!!!
Long
by RlcTrading
1
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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
9
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.
Long
by FOREXN1
9
GBPNZD - Bullish Trend - 1H Time FrameBased on the chart pattern analysis, it appears that the price is forming higher highs (HHs) and higher lows (HLs), which indicates a bullish trend. Furthermore, the Relative Strength Index (RSI) does not show any divergence currently. I recommend taking a long trade with a risk/reward ratio of 1:1 Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Long
by mansooryousafzai
GBPNZD - Looking For Sell Setups Already!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on WEEKLY: Left Chart GBPNZD is sitting around a strong weekly resistance in green, so we will be looking for sell setups on lower timeframes. on DAILY: Right Chart GBPNZD is overall bullish trading inside the rising red channel. However, it is approaching the upper trendline. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green weekly resistance and upper daily red trendline. (acting as non-horizontal resistance) As per my trading style: As GBPNZD approaches the upper purple circle zone, I will be looking for bearish reversal setups (like a double top 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
Short
by TheSignalyst
4