GBPNZD looks bearish due to we can see bearish divergence last higher low break that's why it most likely go in bearish trend
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...
Very straight forward, consider blue line as a resistance SL is 4H candle close above this line TP is at 2.06
GBPNZD was trading in descending parallel channel. The price was reacting well the support and resistance of channel. Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher. If the breakout sustain to upside the optimum target...
GBPNZD printed Head n Shoulder pattern along with bearish Divergence on RSI. Moreover, it broke the most recent HL which further gives confirmation of downtrend movement.
GBPNZD completed the AB=CD pattern, which is essentially a complex pullback against the major trend. The market rebounded from support and a 141.1% fibo extension level. We expect a retest of the resistance level since the major trend is bullish. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
H1 - Strong bearish momentum. Currently it looks like a pullback is happening. No opposite signs. Expecting the price to move lower further in the short term after pullbacks until the strong resistance zone holds.
The price is testing a confluence of support in the 2.069 region. This horizontal support has been tested three times. Additionally, there is trendline support. Buyers are likely to remain in control above 2.05075. The target for this rally should be 2.092-2.094
Currently Trading At 2.04012, Buy Dip Till 2.02067 For The Target 2.08240
GBPNZD took out the sell side liquidity and we already have a price retest now price is moving on a downtrend by forming new low after retesting from the previous low. Am still expecting more break down on GBPNZD to 2.02497 JOIN AND ENJOY Tell us what you think
We are expecting sells on GBPNZD. The market has introduced a new trend by breaking our trendline support. On the zone 2.07894 is where we will execute our sell orders.
This is my Analysis for GBPNZD on 30 min time-frame.
D: Downtrend, Retraced 50% 4H: Uptrend. Retraced 23.6% and hit -61.8 + Bearish divergence 1H: Downtrend. Retraced 61.8% CURRENTLY: I'm looking for price to break below trend and go short to -61.8 on 1H FIB @ weekly key level and support/resistance zone
GBPNZD trade idea - has hit a local major resistance recently, based on continuing uptrend break out from medium term pullback for around 70 pips move buy.
Hello,Friends! Previous week’s green candle means that for us the GBP/NZD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 2.067. ✅LIKE AND COMMENT MY IDEAS✅