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Gbpnzdanalysis

GBP/NZD in my opinionHello guys! Again Vugar here. By following GBP/AUD, I decided to write some sentences about it. Already, we see that it created flat channel or something like it. Channel upper level is 1.93550, bottom line is 1.90867. The is most important is its median. Median is parallel line among trend channel. In GBP/NZD, median is 1.92480 approximately. What can we wait for? Price now is 1.9213. This is too closer to median. In this case, have one decision: - put SELL STOP at 1.92000! TP 1.91328 SL 1.92700 If we will have a chance (a little) then we will be successful in the end of day! Good luck!
Short
by Forexcues
20 Reason for sell GBPNZD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: multi years double bottom 2 📆Monthly: market make lower high even protect their last low during September's volatile moves 3: 📅Weekly: protect the previous high and after it, formate a clear inverted flag that indicates the down move will continue till you grab 50% of the wick liquidity 4: 🕛Daily: a side or range bond market 😇7 Dimension analysis 🟢 analysis time frame: daily 5: 1 Price Structure: bear 6: 2 Pattern Candle Chart: down base down 7: 3 Volume: Average 8: 4 Momentum UNCONVENTIONAL Rsi: favor in bear 9: 5 Volatility measure Bollinger bands: after a tight squeeze downside bear walking on the band formation 10: 6 Strength ADX: the bear is in power 11: 7 Sentiment ROC: GBP is weaker then NZD ✔️ Entry Time Frame: H4 12: Entry TF Structure: bear 13: entry move: impulse 14: Support resistance base: 20 ma resistance 15: FIB: trigger event done ☑️ final comments: sell 16: 💡decision: sell at open high 17: 🚀Entry: 1.9100 18: ✋Stop losel: 1.9280 19: 🎯Take profit: 1.8575 20: 😊Risk to reward Ratio: 1:5 🕛 Excepted Duration: 5 days
Short
by Optimum369
GBPNZD seems bearish to 1.8267 with a warningInverse Cup and Handle has formed on daily with not a great handle (but a Bear Rectangle) MAs all clustered which signals indecision with which direction it wants to go. There is clearly strong momentum to the downside and so the target is 1.8267 With the current tax issues in the UK since Liz Truss and the failing economy, investors are more wary with the pound and the direction on where it's going. The aftermath is showing more downside to come. Bearish bias
Short
by Timonrosso
GBPNZD should head down during the week of 21 Nov.GBPNZD is consolidating in a channel structure. When such PA develops at the bottom of a bearish move, IMO the breakout will be in the same direction as the preceding trend. Traders also know this as the "bear flag". I will be looking to take a short around the 1.9590 region, if we get a move to that area followed by some bearish PA on a lower time frame. Always use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
GBPNZD Buy PullbackMarket Structure is KING! Hey, if you like this idea be sure to support with a like and a follow. Here is my analysis for GBPNZD for the upcoming week, wait for price to pullback to retest resistance and take a short down to the next DEMAND area. What are your thoughts? Leave it in the comments below! Blue Signal FX Rules-Based Trading 1. CHECK THE NEWS! 2. WHAT IS THE OVERALL TREND? Market structure will give you direction. 3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 6. CHECK FOR DIVERGENCE.
Long
by bluesignalfx