The price perfectly fulfills my last idea. It hit the target. FX:GBPNZD is pulling back towards the resistance zone and channel border, testing the key area at 2.08500. The price action is consistently making lower lows and lower closes, indicating a strong bearish trend. At this point, I anticipate a potential move lower, as the market has formed a double top...
✅GBP_NZD is going up now But a strong resistance level is ahead at 2.090 Thus I am expecting a pullback And a move down towards the target at 2.080 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello, Traders! GBP-NZD will soon hit A horizontal resistance Level of 2.090 and after The retest we will be Expecting a local Bearish correction Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Buy buy this pair, after a sharp retracement back down to form a double bottom, we on strong zone right now( neckline), with that being said we should see more upside move in the following days. This zone is been retested multiple times, about time we break through. Risk management guys.
Hello,Traders! GBP-NZD is retesting a Horizontal support of 2.068 From where we are likely To see a local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hey Traders, in tomorrow's trading session we are monitoring GBPNZD for a selling opportunity around 2.07400 zone, GBPNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2.07400 support and resistance area. Trade safe, Joe.
The GBP/NZD pair has shown a positive reaction to a significant demand area, with the price beginning to increase in value this morning. This upward movement is accompanied by an RSI divergence originating from oversold levels, which typically signals a potential reversal and further price appreciation. The presence of this RSI divergence strengthens the bullish...
GBP/NZD is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 208794 Why we like it: There is a pullback resistance which lines up with the 38.2% Fibonacci retracement. Stop loss: 2.09653 Why we like it: There is a pullback...
GBPNZD is moving in a descending channel between the trend lines. The past reaching of the channel boundary was accompanied by a sharp decline followed by a reverse sharp move. We think that the pair will continue to decline along the trend. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Price completed a broadening top and broke to the downside. The bottom for this wave is likely in. This pattern has a high bust rate (failure), meaning once price breaks back into the pattern, there is a high chance of it reaching the top again. For now, target is just the mid-level of the pattern.
As GBPNZD breaks the trendline and exits the accumulation zone, it presents a potential long opportunity. This breakout suggests a shift in market sentiment, providing a favorable setup for entering a long position and capitalizing on the emerging upward momentum
After a down move market seems to be creating higher highs and higher lows and breaking structures to the up move
Take a look at our analysis for GBPNZD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2.078. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.102 level. P.S The term oversold refers to...
From my point of view quite balanced. The symmetry can be smelled for miles. A good reaction to continue with the shopping! Be guided by this trend line... simetric Keep it Simple! If you liked it, don't forget to follow me! :)
Price has been consolidating for some time now. A probable buy setup will be formed and a buy order can be placed. Apply a bit of discretion as price has been moving erratically although it's in a consolidation.
Price was in an uptrend and then retraced to form a double bottom. I expect it to restest the previous highs after the rejection at the support.
GBPNZD is currently making HH and HLs on Bigger time frame , expexting to move upword.
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 on a crucial zone of demand 2.071. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2.076 level. P.S We determine...