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Gbpnzd4hr

GBPNZD ANALYSIS** JUST AN IDEA. NOT A SIGNAL ** Sorry we haven't posted in two weeks due to covid. We are back with GBPNZD, as we can see a weekly downtrend is continuing as the days go by. Momentum has been lost this week over the last few days with signs of a reversal. If the trade chooses to break 1.92770 barrier I expect to see a nice uptrend. Else if the trade breaks the 1.91360 line then I expect a nice downtrend drop. Interesting trade to keep an eye on. Thanks for viewing! Please support this idea by liking and leave any comments you wish ✨ Feel free to support us with a follow, join us for free on telegram t.me ✨ Drop us an email on admin@snapforex.com if you would like to get in touch ✨ SnapForexOfficial.
by SnapForexOfficial
Two possible scenarios for GBPNZD next week.. On screen analysisWe are in the middle of a pandemic right now with everything that is going on with the Corona virus. It seems to me that Australia and New Sealand were hit hard economically and will be in the next few weeks. My eyes will be on a long trade to the same level of the spike on March 8 which is a Monthly support and resistance level @2.17 On the other hand there could be a big change of events which could lead to a decline in value of the British Pound. Therefor we will first see a clear break of the recent Up trend and probably support turning in to resistance @2.02. When this happens my target will be 1.94 in a short trade. Trade with care and caution! I will keep you posted on this one.
by Cas4xx
1
GBPNZD approaching support, potential for a further rise! GBPNZD approaching support at 1.99260 where it could potentially rise further to 2.05590. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
GBPNZD reversed from resistance, potential drop! GBPNZD reversed off its resistance at 2.03165 where it could potentially drop further to 1.99262. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
GBPNZD approaching support, potential for a bounce! GBPNZD is expected to drop to 1st support at 1.99260 where it could potentially react off and up to 1st resistance at 2.05590. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone