As a trader, you have probably heard the old adage that it is best to "trade with the trend." The trend, say all the pundits, is your friend. This is sage advice as long as you know and can accept that the trend can end. And then the trend is not your friend. There are multiple ways to spot trends, direction, and momentum. So how can we determine the direction of...
GBPNZD Buy Stop Loss: 2.092 Targets: 2.099 2.100 2.101 2.102 2.104 2.106 2.108
Price is heading towards previous daily swing low. price seem to have just retested the vwap and made a rejection candle with heavy volume. recent p.a shows a rejection of 2.09850 which also lines up with the supertrend as a resistance.
A poosible upward move might takes place ,so i will be looking for buy options . Happy trading.
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GBPNZD pair which is likely to be pushed up by the bulls so we will buy! ❤️ Please, support our work with like & comment! ❤️
From the current price level i expect a retracement before price can finally rally upside.
Hello traders, we want to check the GBPNZD chart. The price is moving in an ascending channel and has reached the specified resistance level. We expect this level to stop the upward trend of the price and the price will fall to around 2.09700. Good luck.
GBPNZD is in bearish Trend. RSI shows that bearish rend will continue. Entry at fib retracement of 38.2 is a good level to short from
The GBP/NZD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern. Key Points: Sell Entry: Consider entering a short position (selling) below the broken support level of the triangle, ideally around 2.1100. This offers an entry point close to the perceived shift in momentum. Target Levels:...
GBPNZD appears to be heading downwards towards 2.08
GBPNZD is forming lower highs and lower lows which confirms its bearish trend. Trendline analysis also shows trend continuation.
Manage SL during news time, intraday trade tp and sl mentioned not a financial advice
Please, check our technical outlook for GBPNZD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 2.105. Taking into consideration the structure & trend analysis, I believe that the market will reach 2.116 level soon. P.S Please, note that an...
Price is falling towards an overlap support and could bounce from this level to our take profit Entry: 2.10607 Why we like it: There is an overlap support level which aligns with the 23.6% Fibonacci retracement Stop loss: 2.09344 Why we like it: There is an overlap support level Take profit: 2.12203 Why we like it: There is an alignment with the 78.6% Fibonacci...
Hello,Traders! GBP-NZD is trading in an Uptrend along the rising Support line and we are Seeing a bullish rebound From the support cluster Of the rising and horizontal Support lines around 2.1047 So we are bullish biased And we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
There is a possibility of an increase after the closing of the five waves. It has fallen deep in the short term but the upward trend will take place.
The GBPNZD experienced a sudden decrease in value today, breaking and closing below the neckline of a descending triangle formation on the 4-hour time frame with a strong bearish candle. The next support level appears to be at 2.1000, which is likely the target for sellers. To enter the market, it may be worth considering a retest of the broken triangle neckline.