Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
We experienced over 300pips run in our direction since my last publication on this pair (see link below for reference purposes).
Now, it is obvious that a trading range has been hemming broadly within the N$1.93500/1.97000 since the emphatic breakdown of the Demand level late in the month of August 2021. At this juncture in the market, I shall be looking forward...
We consider buying this GBPNZD pair because of a strong support below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
GBPNZD
Recently market had broken out of bullish channel and went sell but not able to cross the strong support zone. So from now i am looking for long move with SL below the support.
I predict price will be bullish, especially since NZD GDP will be released. I predict the result will be bad because New Zealand was in lockdown for the past month due to spreads of coronavirus.
Last week GBPNZD reached a weekly support cluster and we saw the loss of price momentum. Currently, the price failed to make a lower low and it's now consolidating on the level.
Once you zoom in the 1H timeframe you'll notice bullish accumulation forming an ascending triangle. Once the price breaks to the upside of the triangle it will be a very nice opportunity...
My view of GBPNZD . Potential long opportunity.
I am expecting a pullback to the downside due to bear flag being formed on 1D TF . We will see how things go ater ILO Unemployment rate is released. 1.92000 is an area that provided strong support throughout April and May . My idea is valid and will be active IF we come down to our Entry Level...
The price dipped over 200pips in our direction since the last speculation before the rally began (see link below for reference purposes) and following an emphatic downward spiral that lasted 3 weeks, it appears we are at a juncture in the market that suggests that price is on the verge to reverse.
Tendency: Uptrend (Bullish)
Structure: Breakout |...
We consider selling this GBPNZD pair because of a strong resistance above. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
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reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
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The instrument continues to trend upward.
Breakdown of the trend line on August 12 and 13 did not lead to a reversal, growth continues, possibly retesting the 1.9670-1.9630 zone.
A breakdown of the price below 1.9630 will mean a trend reversal.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
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