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British Pound vs New Zealand Dollar

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GBPNZD.P trade ideas

GBPNZDThe GBPNZD pair is approaching the top (Higher Highs trend-line) of the 7-month Channel Up and has already completed a +4.40% rise since its recent Higher Low. That is the exact rise % that the previous two Bullish Legs of the Channel achieved. As a result this is close to the most optimal sell signal we can get. Both previous Bearish Legs that followed such top sell signals, reached at least the 0.618 Fibonacci retracement level. Therefore, our short-term Target on this pair is 2.09500.
Short
by AsifAwan11
GBPNZD Sell signal at the top of the Channel Up.The GBPNZD pair is approaching the top (Higher Highs trend-line) of the 7-month Channel Up and has already completed a +4.40% rise since its recent Higher Low. That is the exact rise % that the previous two Bullish Legs of the Channel achieved. As a result this is close to the most optimal sell signal we can get. Both previous Bearish Legs that followed such top sell signals, reached at least the 0.618 Fibonacci retracement level. Therefore, our short-term Target on this pair is 2.09500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
2
Forex Trading Signal: GBPNZDDirection: Buy Enter Price: 2.14114 Take Profit: 2.14471333 Stop Loss: 2.13665333 Justification: Based on the analysis conducted using the EASY Quantum Ai strategy, we recommend initiating a Buy position for the GBPNZD pair at the entry price of 2.14114. Several indicators suggest a potential upward movement in this currency pair: - Trend Analysis: The recent trend suggests a bullish momentum as the pair has been showing higher highs and higher lows. - Technical Indicators: Key technical indicators such as RSI and Moving Averages are aligning in a manner that indicates a continuation of the bullish trend. - Economic Factors: Positive economic data from the UK compared to comparatively weaker data from New Zealand supports the bullish outlook. - Market Sentiment: Current market sentiment driven by geopolitical and economic events favors a rise in the price of GBPNZD. Kindly ensure your risk management strategies are in place, setting your Stop Loss at 2.13665333 to manage potential downside risks, and targeting a Take Profit at 2.14471333 for optimized gains. Trade wisely and keep monitoring the market conditions. End of Signal
Long
by ForexRobotEasy
GBPNZD: DT Curve Analysis📉 As we analyze the GBPNZD, we observe a pivot high at 2.1587 and a pivot low at 2.00. If this downtrend curve analysis plays out, there may be an opportunity to sell at the significant resistance level of 2.146. 📊 Following that, we will encounter our first support level around 2.1, with the next support level at 2.08, which falls in the middle of the pivot range. It's important to note that there will likely be a lot of consolidation in this area. 📈 If the price closes below the mid-pivot, the downtrend is expected to continue. Conversely, a turnaround to the upside could occur at the major support level of approximately 2.0235. 🙏 Let's remain optimistic and hope for favor as we navigate the market.
Short
by ProfessorCEWard