GBPNZD DAILY ANALYSISIf break green box it means downtrend is over but i expect sell trend goes on , you can follow arrows for possible scenario
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Gbpnzdforecast
GBPNZD may fall today vey stronglyGBPNZD is looking for long sell due to lot of sell pressure building from few days.our strong sell are begins from 2.05400.Our 1st sell target will be 2.04300 which is highly possible to be achieved while after little retracement as metioned in chart analysis,it may goes for 2nd target which will be 2.03400.
GBPNZD IDEAYou can use Red trendline for short trade , Blue trendline for long trade , will swing between trend lines
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GBPNZD Short! 1hrNote: Idea is to complement your research.
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GBPNZD Short! 4HrNote: Idea is to complement your research.
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GBPNZD LONG longs from pink box zone given await rejection then enter, if it doesn't reject this trade set up is then invalid
GBP/NZDResistance not broken on H1 and there's an ascending channel on H1 but this most likely will be broken.
Also, we can see a Double Top forming after the retrace and this pair may go down for another 400-500 pips
GBPNZD IDEAYou can use this channels and fibo 0.618 level , first sell top of the channel then we will looking for buy opportunity
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.
GBPNZD: WEAKNESS IN TREND.Thanks for Taking Interested in my Trading Idea.
GBPNZD: WEAKNESS IN TREND.
MARKET HAS PUMP VERY HARD TODAY LOOKS LIKE MARKET FILL DOWN FROM HERE
SHOWING WEAKNESS IN TREND.
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Note: This is only for Educational purposes; this is not investment advice.
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GBPNZD Short IdeaMy explanation is on the chart!
What do you think?
Feel free to share your opinion!
Good trading!
GBPNZD potential bounce!
GBPNZD expected to reverse up to 1st support at 2.03525 where it could potentially react and bounce to its resistance at 1st resistance at 2.04064.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPNZD potential reversal!
GBPNZD expected to rise up to 1st resistance at 2.05006 where it could potentially react off and drop down to 1st support at 2.02305.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPNZD SELL OANDA:GBPNZD SELL from 2.03282
TP1-1.99844
TP2-1.95972
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GBPNZD possbile shortEverything seems to be clear on #GBPNZD.
If the main trendline resists we can go short
GBPNZD playing inside rising wedge pattern!GBPNZD has potential to go down for 450 pips if sellers manage to hold price below its daily resistance level, we are seeing 2.0450 resistance level being retested several times indicate that this level quite strong, I hope that we might see another leg down after the daily candle close. remember always wait for a price retracement for better entry level.... good luck!
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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GWBFX
