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GBPNZD

GBPNZD: Target 1 hit! 💗...What's next?As we can see from our last setup (see chart below) the FX:GBPNZD pair reached our first target around 2.0087, but at the same time, I don't rule out reaching our old Target 2 (now Target 1) around 1.9850 area. Technically speaking, the pair might develop something like an ABC Pattern as the main trend still remains bullish on intraday chart. PREVIOS ANALYSIS (Click and Play on Chart below) Trade with care! Like if my analysis is useful. Cheers!
Short
by TheAnonymousBanker
21
GBPNZD H4 | Rising into resistance?GBPNZD is rising towards a key overlap resistance and potentially reverse from this level. Price could hit our sell entry at 2.03923 and potentially reverse to move lower from here. Our stop loss will be at 2.05007 which is an overlap resistance. The take profit level will be at 2.02170 which is an overlap support. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
1
GBPNZD SELLHi, according to my analysis of the GBPNZD pair. There is a high probability of falling. With the bullish channel flag broken. The price is trying to retest the resistance area 1.01350. Although this area is the 61% Fibonacci retracement of the golden ratio. I wish you success in this transaction .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Short
by inv_market09
15
GBPNZD: Rebound on the 1D MA50 bullish unless Megaphone breaks.GBPNZD is rebounding on the 1D MA50, at the bottom of the thee month Rising Megaphone pattern. That is a bullish signal, which is further empowered by the neutral 1D technicals (RSI = 53.906, MACD = 0.003, ADX = 31.776) and the fact that the 0.382 Fibonacci level is holding. As long as the price trades inside the Megaphone, we will be long, targeting the 2.0 Fibonacci (TP = 2.09500). If it closes under the Megaphone, we will book the loss and sell in reverse, targeting the 0.618 Fibonacci retracement and 1D MA200 (TP = 1.94500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
GBPNZD H1 | Falling from 23.6% Fibo?Based on the H1 chart analysis, we can see that, Price is approaching our sell entry at 2.0082 which id an overlap resistance that lines up a 23.6% Fibonacci retracement. Stop loss will be at 2.0161 which is a swing high resistance. Take profit will be at 1.9964 which is a pullback support level. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet