The price in the supply area shows a relatively good reversal pattern. Also, the upward trend line has been broken, so we can see the price drop from this area
Welcome back! Let me know your thoughts in the comments! ** EURNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Introduction: Hello fellow traders! Today, we are back with an exciting long-term trade opportunity: Sell GBPNZD : 2.09450 Take Profit : 1.99403 Stop Loss : 2.11150. We will exit the trade if the Bank of England (BoE) maintains a hawkish rhetoric without softening. In this article, we will delve into the technical analysis and fundamental...
hello everyone, the pair is trading in range, however we don't know how long it'll last but price has reached the main resistance level in day time frame.... price will likely pull back to support trend line around 2.065. wait for few bearish bar to get into the trade... good luck
The 50-day exponential moving average (EMA) offers the most popular variation, responding to price movement more quickly than its simple minded cousin. This extra speed in signal production defines a clear advantage over the slower version, making it a superior choice
Analysis: Bullish Confluences In an upwards trend Retest of a key level 50% fib retracement touch Upwards trendline touch GBP is the 2nd strongest major currency whereas the NZD is the 5th strongest major currency 25K short position decrease for the GBP Bearish Confluences 30K long position decrease for the GBP 3K short position decrease for the...
Greetings Traders! GBPNZD is poised at a critical juncture, with NZD's "Employment Change" and "Unemployment Rate" news on the horizon. Awaiting the news' outcome could be strategic before we commit. If we see a negative impact, there could be a prime opportunity to go long. Yet, on the flip side, positive news may trigger a steep decline, threatening to hit...
🔸speculative buy/hold setup for GBPNZD bulls, currently pullback in progress. expecting bounce play off the key s/r zones below (details/see chart). 🔸we are trading in well defined range since july. range lows near 0575 and range highs set at 0800. premium prices below and above lows/highs. 🔸Recommended strategy bulls: seek to buy/hold near 0525 using tight SL,...
GBPNZD has turned sideways basically for a whole month (since June 28th) as it is restrained under R1 (2.092225) while being supported by the 1D MA50. This has turned the 1D timeframe neutral (RSI = 53.387, MACD = 0.005, ADX = 22.546), which is an expected technical outcome. We will trade this setup on a breakout basis. A crossing over R1 is a buy signal...
We have a bullish setup on this pair with the price at 2.07. Currently, the price has started to rise following the release of Australian Bank's interest data. If the level of 2.0750 is breached, it would confirm this setup, which anticipates an entry at 2.0670, where we have a point of interest. Remember that the entry will be considered valid only if there is a...
GBPNZD Buy Stop Loss: 2.06 TP’s 2.068 2.069 2.073 2.076 2.080 2.085 2.089
I am splitting the trade into 2 entries: One right here at the current market price and a sell limit order at the high of 2.09000. The balance of power between the former colony and its rulers will shift soon: GBP view: - UK inflation came in lower than expected today. This was also likely because. 1. many leading economic indicators were already hinting at...
Prices look stuck by strong resistance and try to penetrate the area at least 4 times and have not been successful. At present the price is trying to penetrate the compression area, with this situation the possibility is the price of bearish to the support area. If the support area is pierced, the price will continue the bearish until SND below.
Be aware that after crossing this trend that I have determined for you .. the decline will begin
✅GBP_NZD went up sharply But a strong resistance level of 2.0906 was hit Thus I am expecting a pullback And a move down towards the target at 2.0800 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
GBPNZD - Local Short From Resistance - Our team expects a pullback SUGGESTED TRADE: Swing Trade Sell GBPNZD Entry - 2.0868 Stop - 2.0937 Take - 2.0756 Our Risk - 1% Start protection of your profits from higher levels. ❤️Please, support our work with like & comment!❤️
Hello,Traders! GBP-NZD has hit a resistance Level of 2.092 so a bearish Correction and a pullback are To be expected on the pair Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Here is our detailed technical review for GBPNZD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 2.086. Considering the today's price action, probabilities will be high to see a movement to 2.094. P.S The term oversold refers to a condition where an asset...