buy long This is due to continuous up trend. the currency is neutral
So I have seen this lovely little trade on this pair. We have an Inverted Heads & Shoulders pattern which we have broken the neckline and are close to re-testing. Upon touching the neckline I will wait for an entry candle (Bullish Engulfing, Bullish Pin bar, or a 3 candle reversal). I have extended my TP to meet the -0.272 on the Fib in line with the fib strategy...
Trend trading is a trading style that attempts to capture gains through the analysis of an asset's momentum in a particular direction. When the price is moving in one overall direction, such as up or down, that is called a trend. Trend traders enter into a long position when a security is trending upward. An uptrend is characterized by higher swing lows and...
Will be looking for Long opportunities if the market taps the bullish zone. Based on just technicals.
Buying GBPNZD 15 min, divergence and daily up trend.
As you can see price is establishing a corrective phase whereby i expect to drop until the liquidity area just below 1.08000. I will wait for price rejection there and clear buy confirmation. My overall bias is to the upside but for now lets watch the short term sell playout. Have in mind that GN structure is bullish
GBPNZD breakout of a very tight correction/flag after breakingout of an ascending channel.
The GBPNZD pair gave us a strong buy signal last time we called on it (January 05 2024, see chart below) and even broke above the former Channel Down pattern: The trend transitioned into an Inverse Head and Shoulders (IH&S) and recently broke above its top. It has formed the first 1D Golden Cross in 1 year (since March 27 2023), so on the long-term we have...
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The price is rising towards an overlapping resistance level, which aligns with the 50% Fibonacci retracement, and could reverse from this level to our take-profit target. Entry: 2.10588 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement Stop loss: 2.11738 Why we like it: There is a pullback resistance level Take...
Price broke above the Resistance which is now acting as Support I expect a double bottom being form at support and wick rejection
on weekly chart you can find very clearly visible reversed head and shoulders pattern. I am expecting that price will go to retest previous level on top which is also resistance point. From this point we can catch good risk/reward ratio.
✅GBP_NZD is trading in An uptrend and the pair Retested the horizontal Support of 2.095 from Where we are seeing a Bullish rebound and I think that the pair will Go further up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Here is our detailed technical review for GBPNZD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2.098. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.104 level. P.S Please, note that...
It is the weekly setup for the GBPNZD based on price action and trend analysis. Possibly bullish trend is expected after retracement and confirmations.
My dear subscribers, My technical analysis for GBPNZD is below: The price is coiling around a solid key level - 2.0978 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 2.1050 About Used Indicators: By the very nature of the...
Price is falling towards an overlap support level that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit Entry: 2.09335 Why we like it: There is an overlap support level which aligns with the 50% Fibonacci retracement Stop loss: 2.08842 Why we like it: There is a pullback support level which aligns with the 61.8%...
Hello,Traders! GBP-NZD went down Towards the horizontal Support level of 2.090 But the pair is trading In an uptrend so after the Potential retest of the Key level we will be Expecting a further Move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!