This is what we've been waiting for - GBPNZD breaches a key 2.08~ weekly level. Last week's close signalled price holding above said level.
It's great to see strength during this week's open. I believe this is a sign of further strength to be expected on the upside.
Hello,Traders!
GBP-NZD keeps growing and
The pair is locally oversold
So as it is retesting the
Horizontal resistance
Of 2.0962 I think that
We will see a local
Bearish correction
Sell!
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Please, check our technical outlook for GBPNZD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 2.091.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2.078...
✅GBP_NZD surged again to retest the resistance of 2.0968
But it is a strong key level
So I think that there is a high chance
That we will see a bearish pullback and a move down
SHORT🔥
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Based on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
My dear friends,
My technical analysis for GBPNZD is below:
The market is trading on 2.0911 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.0782
Recommended Stop Loss - 2.0977
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations,...
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
It could also possibly be the case of a h&s on the h4...watch the price action as it unfold, be flexible :)
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank...
Pair : GBPNZD ( British Pound / New Zealand Dollar )
Description :
Break of Structure
RSI - Divergence
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Symmetrical Triangle as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
The GBP/NZD pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours.
Key Points:
Buy Entry: Consider entering a long position around the current price of 2.0785,...
Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here I expect to see bearish price action as price could reject from resistance + FIBO 0.618 level + institutional big figure 2.08000. My target is sell side liquidity.
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this chart is going to complete a head and shoulder pattern in the daily chart. of course, you have to wait for the validity of this pattern.
the validity of the head and shoulder pattern is it should break the neckline. otherwise, it’s not a valid pattern.
My dear subscribers,
This is my opinion on the GBPNZD next move:
The instrument tests an important psychological level 2.0811
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.0712
My Stop Loss - 2.0879
About Used Indicators:
On...
GBPNZD - 24h expiry
Price action looks to be forming a top.
A bearish Head and Shoulders is forming.
As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels.
The 50% Fibonacci retracement is located at 2.0790 from 2.0915 to 2.0666.
The hourly chart technicals suggests further upside before the downtrend returns....
on the 4h timeframe we can see the pair draw its own scenario after forming a head and shoulders pattern which is a reversal pattern.
i will explain shortly how to trade it and where exactly to put our sell trade. in this case we have the left shoulder and the head are formed we are waiting for the right shoulder to be formed. we can measure with our fib tool our...
Hello,Friends!
Previous week’s red candle means that for us the GBP/NZD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 2.080.
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