Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance and there is a confluence for a potential long if price rejects from bullish order block + institutional big figure 2.06000 + FIBO...
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We are losing selling pressure at this liquidity level, which could lead to a potential rebound. This provides us with potential buying signals to explore new higher points, notably the level 2.07294. Therefore, we are opening a long position to initiate a purchase and attempt to reach this new higher level.
GBP/USD maintains its position below the lower boundary of the ascending regression channel, with the Relative Strength Index (RSI) exhibiting a sideways movement above the 50 level, indicating a potential uptrend in the near future. The level at 1.2780 (static level) is considered a temporary resistance before 1.2830 (the endpoint of the latest uptrend, highest...
Hello Traders! This is my idea related to GBPNZD H1. I see that OB and FVG were already taken and I expect a retracement until the resistance level. Consider this idea a good opportunity to execute a short trade. In case of confirmation of bearish sentiment, I will execute this trade. Traders, if you liked my idea or if you have a different vision related to...
Yearly: The market is entrenched in a multi-year downtrend. Despite yearly structure breakouts, rejections from the CIP level have been consistent, indicating strong resistance. The failure to breach upper yearly resistance suggests substantial selling pressure. A post-breakout bearish buildup implies a high likelihood of further downside in the coming...
GBP/USD has rebounded and climbed above the 1.2750 level after dipping to 1.2700 earlier in the day. The US Dollar struggled to find demand in the US trading session as the latest data showed a slight slowdown in the year-on-year PPI in December. GBP/USD remains above the lower limit of the ascending regression channel, with the Relative Strength Index (RSI)...
Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here we have the same scenario as on GBPAUD, we are bearish, so I am looking for short. I see price to go a little bit higher to fill the imbalance and then to reject from bearish order block + institutional big figure 2.05000. Like, comment and subscribe to be in touch with my content!
GBPNZD chart is so clear and says to sell it again. British pound is under pressure and has no momentum to strong again. Trade safe. Good luck.
GBP/USD - The British pound weakened significantly against the greenback, dropping to 1.2625 from its previous level of 1.2735. Immediate support is anticipated at 1.2600 for the pound, followed by 1.2570 and 1.2540. Immediate resistance sits at 1.2660 (overnight high), 1.2700, and 1.2740. Expect increased volatility in Sterling within the range of 1.2600-1.2700....
In a recent note, the global FX head at Goldman Sachs has indicated that GBP/USD is poised to extend its upward momentum to reach 1.3500 in the coming year. Citing correlations with stocks and alleviated concerns about global recession, GBP exhibits a "positive and reliable relationship with higher stock prices." The recent strength of the British pound is...
In a recent update, the global FX head at Goldman Sachs has predicted that GBP/USD is poised to extend its upward momentum to reach 1.3500 next year. Citing correlations with stocks and easing concerns about global recession, Goldman Sachs notes that GBP has a "reliable positive relationship with higher stock prices." The recent surge in the British pound is...
GBP/USD saw a slight uptick above 1.2800 in early European trading on Thursday, supported by the prolonged weakness of the US Dollar due to bets on the Fed's dovish stance. US unemployment benefit claims data was released in a relatively quiet market. The currency pair, currently trading just above 1.2700, may find technical buyer interest if it confirms this...
The US dollar grapples with challenges in gaining traction globally, impacted by recent indications of cooling inflation in the US. This trend raises expectations of a potential Federal Reserve interest rate cut in the coming year. In thin holiday trading, major currencies remain stable, with the yen holding near yearly highs, supported by expectations of the Bank...
Forecasting GBP/USD, the British Pound against the US Dollar, based on performance on the daily chart below, indicates that it is still moving within an upward channel. Recent developments have been a response to signals from global central banks in their final meetings of 2023. However, the economic weakness in the UK continues to hinder a strong upward move of...
Previously price respected the resistance zone making it first touch of the , thereby validating it. Currently GBPNZD price is moving to make it second test, we might see a corrective test as it behave in the first touch. Price will fill the wick @2.02631 . My target is to Price 2.0145. If you found this helpful, please support your fellow trader with a like.
Hello Traders In This Chart GBPNZD HOURLY Forex Forecast By FOREX PLANET today GBPNZD analysis 👆 🟢This Chart includes_ (GBPNZD market update) 🟢What is The Next Opportunity on CHFJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
GBPNZD is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level. If the sell momentum continues the next target could be 2.0200 What you guys think of this idea?