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Gbpnzdanalysis

GBPNZD | PERSPECTIVE FOR THE NEW WEEKThe Pound bounced with a vengeance after seeing a Double Bottom structure on the weekly chart to continue her rally! A Breakout of N$1.93500 last week followed by a retest of N$1.94000 later in the week summons a rally continuation in the following week. Tendency: Uptrend ( Bullish ) Structure: Breakout | Reversal Structure Observation: i. The Pound finally found and Breakout of Bottom (N$1.91000) since the beginning of Decline in mid-August 2020. ii. Breakout and Retest of N$1.94000 marks this level as a new Demand zone for the subsequent rally. Trading plan: BUY confirmation with a minimum potential profit of 450 pips. Risk/Reward: 1:3 Potential Duration: 3 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
GBPNZD H4 Analysis Based On Price Action Theory.Dear Traders Today We Have Analysis Of GBPNZD H4. This Analysis Based On Price Action Theory. According The Analysis We Can See That Market On The Support Level & Price Decline(Rejection) From Support . So Behalf On That. This is Right Time To Open Buy Trade Around @1.9226 With Control Volume Hold your Trade be patience achieve the Given Target🎯 I Request to All Before The Trade You Also Match You Analysis With As If Your Set up Match Then You Can Trade. #GBPNZD Buy@1.9226 #Tp@1.9500 #Sl @1.9090 Notes- Please Take Only 2% Risk On Every Given Analysis That Means You Can Safe In Market Every Time All The Best 🙏🏻
by Enclave_fx
2
GBPNZD is trading in a downtrend channelGBPNZD From August 25 this pair has started the downward journey in the channel. And the trend line is touched thrive and holding as the resistance for the bullish. After the price reached below the 61.8% Fibonacci retracement broadly it’s touched the 1.97000 psychological level and retested the support zone which is a Previous month’s low 1.97480. This level will act as the support for the bearish. The first target will be 1.95100 level. In Elliott wave analysis this pair is going to complete the major wave of 5. Stop lose may place above the minor wave of 02. On fundamental side the brexit headlines will makes this pair more volatile. And the reserve Bank of New Zealand has recently insisted that they don’t care about the foreign exchange rates. The number of COVID-19 cases are in declining phase this improve the overall economic condition of New Zealand Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas Disclaimer It’s not a financial advice. Do the analyze and take a decision.
Short
by forexorbit