A glimpse of the GBPNZD in the first half of 2024
Stay with me to get more analysis after following me by sharing with friends and leaving a comment.
According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other analyses?
What symbol would you like me to analyze for you?
Hello,Friends!
GBP/NZD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 2.078...
The price of the currency pair is expected to start a downtrend after reaching the resistance level of 2.09181
Consider your risk management before entering a trade.
Pay attention to economic news and events that may affect the GBP and NZD exchange rates
Okay okay okay,
my aim today is the Monday's price low,
so I'm waiting for the price to retrace to the deep premium price so as i can sell with high probability,
lets check out how the price will price will play
make sure you remember to follow me, like and comment if you have something
for more hind sights, lets meet here
Hello,Friends!
GBP/NZD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 2.110 area....
✅GBP_NZD will soon retest a key resistance level of 2.104
So I think that the pair will make a pullback
And go down to retest the demand level below at 2.097
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Price is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2.10271
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 2.11720
Why we like it:
There is a pullback resistance...
PRice pulsed up and retraced with consecutive candles, didnt broke below Fib(0.318)
Price broke once the Fib(0) but made a high to our TP, retraced back and now its broken properly and I'm looking for an entry at Fib(0) retest
My dear subscribers,
My technical analysis for GBPNZD is below:
The price is coiling around a solid key level - 2.0843
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 2.0938
My Stop Loss - 2.0792
About Used Indicators:
By the very...
GBP/NZD is falling towards a breakout level and could potentially break through it to drop lower.
Sell entry is at 2.0899 which is a potential breakout level ( wait for the 4-hour candle to close below 2.0899 for confirmation ).
Stop loss is at 2.1225 which is a level that sits above a pullback resistance.
Take profit is at 2.0417 which is a swing-low...
Pair Name : GBP/NZD
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
------
🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Short )
Type : Mid Term Swing
———————————
Bearish Break...
Here is our detailed technical review for GBPNZD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 2.100.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2.094 level.
P.S
We...
✅GBP_NZD is going down
And the pair broke the key
Horizontal level of 2.1030
So we are bearish biased
And we will be expecting
A further move down
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
GBP/NZD is trading close to a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 2.1033 which is a pullback support.
Stop loss is at 2.0983 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 2.1106 which is a pullback resistance that aligns close to a...
Hello,Traders!
GBP-NZD is making a rebound
From the horizontal support
Of the 2.1023 and as we are
Bullish biased we will be
Expecting a further move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
GBPNZD is exhibiting a potential Anti-Butterfly Harmonic Pattern (XABCD) formation, indicating a forthcoming bearish trend momentum. This analysis is based on key resistance levels and Fibonacci retracement levels, suggesting a strategic entry opportunity.
Pattern Identification:
The Anti-Butterfly Harmonic Pattern (XABCD) is emerging on the GBPNZD chart, with...
MARKET PHASE
GBPNZD is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the...
