My dear friends, Please, find my technical outlook for GBPNZD below: The price is coiling around a solid key level - 2.0331 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy giving a perfect indicators' convergence. Goal - 2.0434 About Used Indicators: The pivot point itself is simply...
GBPNZD is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge. Currently the price is about to give breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher. If the breakout sustain to upside the optimum target could be 2.0600...
- Sitting on good support which was previous resistance. - Double bottom on daily
Here is our detailed technical review for GBPNZD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 2.032. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2.043 level. P.S Please, note that an...
FX:GBPNZD is waiting for a retest, then a bullish price action candle from the demand zone to confirm the rise again📈, and the analysis ends with any direct daily close below the zone. ⚡️ Good luck, guys.🙌🙏
✅GBP_NZD fell down sharply But a strong support level of 2.025 was hit Thus as a rebound is already happening A move up towards the target of 2.045 shall follow LONG🚀 ✅Like and subscribe to never miss a new idea!✅
1. Last week's price action cleared the weekly sell side. 2. After that a high probability order block was formed. 3. I am expecting a pullback with the market reacting in response to the H4 bullish order block. 4. Digging into lower timeframe price action, M15, we have Market structure shift and market reacted off the entry fair value gap. 5. I am looking forward...
GBPNZD is trading at the monthly and weekly demand zone so , of course i will look for buy setup
Trade Reason: {Sentiment = 11/89} I hope it will touch the "2.04091" level then it can make some corrections. After her correction, it has more chances to touch the "2.06522" level. Hello Friends! Do you have any questions, suggestions, or feedback? Then write a comment or private chat. If you need any help, info, or analysis. Then knock me without any...
Just like EURNZD, GBPNZD is in a big weekly support zone. Price is most likely going to bounce from this zone so I will be looking for long entries!
I want to wait for a lil more confirmation Monday but for right now it looks like GN is making a bullish W pattern on the weekly. It could start buying up this week.
These are the trades I am looking to take in coming week. Please manage your risk.
GBPNZD formed a head and shoulders pattern after a test of a key daily resistance. The neckline of the pattern is broken, and we see its retest at the moment. I expect a bearish movement to 2.0420 / 2.0315 ❤️Please, support my work with like, thank you!❤️
Hello,Traders! GBP-NZD went up and hit A horizontal resistance of 2.059 From where we are seeing A bearish reaction so I think That we will see a move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Waiting for a breakout, it is too early to tell when when reversal will start but it should be for next week.
GBPNZD has formed inverse head and shoulders pattern. There is also a bullish divergence on 1h timeframe.
I'm not leaving this over the weekend so I'm closing now, I really dont like NZD pairs so I'm glad this is my final one for the year. I'll post some trades next year but I wont be taking them,