GBP/NZD - Bullish flag and Ascending Channel formulating.
Hi guys we are looking into GBP/NZD - You can see the chart the previous analysis that we did last week which was posted privetely in our community reaching its target, now we are looking into a possible bullish trend. Analysis did on 1H time frame.
As of February 24, 2025, the GBPNZD currency pair is exhibiting bullish momentum, with the current exchange rate at 2.20095 NZD, reflecting a 0.18% increase over the past 24 hours.
Technical Indicators Supporting Bullish Outlook:
Moving Averages: The pair is trading above key moving averages, including the 200-period EMA, indicating a strong uptrend.
Chart Patterns: An inverted cup and handle pattern has been identified on the hourly chart, suggesting potential upward movement.
Ichimoku Cloud: The Ichimoku Kinko Hyo Cloud analysis reveals an upward-moving cloud, adding to the long-term bullish sentiment
Entry: 2.20030
Target: 2.20950
SL: 2.19450
As of February 24, 2025, the GBPNZD currency pair is exhibiting bullish momentum, with the current exchange rate at 2.20095 NZD, reflecting a 0.18% increase over the past 24 hours.
Technical Indicators Supporting Bullish Outlook:
Moving Averages: The pair is trading above key moving averages, including the 200-period EMA, indicating a strong uptrend.
Chart Patterns: An inverted cup and handle pattern has been identified on the hourly chart, suggesting potential upward movement.
Ichimoku Cloud: The Ichimoku Kinko Hyo Cloud analysis reveals an upward-moving cloud, adding to the long-term bullish sentiment
Entry: 2.20030
Target: 2.20950
SL: 2.19450
Trade closed: target reached
Fantastic trade, trade reached final target in a smooth move without any complications!0.10 lots - 52$
0.50 lots - 261$
1 lot - 523$
5 lots - 2653
Join my Telegram community for Forex trading insights, real-time news, educational content and friendly support. Let's grow and succeed together! -
t.me/Capital55DG
t.me/Capital55DG
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my Telegram community for Forex trading insights, real-time news, educational content and friendly support. Let's grow and succeed together! -
t.me/Capital55DG
t.me/Capital55DG
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.