💡Don't miss the great sell opportunity in GBPNZD. There is still a possibility of temporary retracement to the suggested resistance line (1.9751).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPNZD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 40 .
Take Profits:
TP1= @ 1.9666
TP2= @ 1.9606
TP3= @ 1.9527
TP4= @ 1.9473
TP5= @ 1.9419
SL: Break Above R2
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Gbp-nzd
GBPNZD testing the channel 🦐GBPNZD on the weekly chart is testing the resistance area near to the upper trendline of the channel.
The market closes the week with a nice bullish candle and according to Plancton's strategy if the price will flip the resistance during next week we will be ready to set a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPNZD breaking the daily support 🦐GBPNZD on the daily chart after the weekly trendline rejection is moving to the support area at the 1.96300.
The price has recently break the ascending counter trendline and according to Plancton's strategy if a break below will occur we can set a nice short order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPNZD going short after channel break Price broke the ascending channel with a bearish candle, showing bearish momentum. Price then reversed to retest the channel, zone area and descending trend line, which forms a solid confluence. Multiple wick rejections form before the formation of a large bearish candle, showing the strength of the confluence and bearish momentum taking over. This gives rise to a sell opportunity.
GBPNZD Broke below support, potential for further drop | 2 JulyGBPNZD Broke below ascending trendline support, now resistance. A further drop below 50% Fibonacci retracement at 1.97756 towards graphical swing low and -27.20% Fibonacci retracement level at 1.96714 could be possible. Stochastic is testing resistance as well where price dropped lower in the past.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
💡Don't miss the great sell opportunity in GBPNZDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.9797).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPNZD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 42.
Take Profits:
TP1= @ 1.9701
TP2= @ 1.9667
TP3= @ 1.9600
TP4= @ 1.9489
TP5= @ 1.9418
SL: Break Above R3
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
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Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great sell opportunity in GBPNZDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.9797).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPNZD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 42.
Take Profits:
TP1= @ 1.9701
TP2= @ 1.9667
TP3= @ 1.9600
TP4= @ 1.9489
TP5= @ 1.9418
SL: Break Above R3
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
GBPNZD facing bullish pressure| 30th June 2021GBPNZD facing bullish pressure from ascending trendline support, horizontal pullback support, 50% Fibonacci retracement, and 78.6% Fibonacci extension. Prices might push up towards horizontal pullback resistance in line with 78.6% Fibonacci retracement and 100% Fibonacci extension. If prices push down further, prices might take support on horizontal overlap in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
GBP/NZD AnalysisWelcome back! Please support this idea with a LIKE if you find it useful.
*** GBP/NZD - Price is currently rejecting a very strong structure of support and we could see another push to the upside. We'd like to see a move back down to support for a clean long entry
and will look to take profit right before the highlighted resistance zone. Do you agree with this analysis? What are your thoughts?
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Brian Kenya Horton, BK Forex Academy
GBPNZD TO SELL FIB RETRACTMENT 62%, TP1 1.983 TP2 1.978As GBPNZD is seem to be forming a sign of resistance of wicks, we could see a downtrend is forming for price made levels to the 62 percent of the fib retracement. The fib expansion helps on setting levels of where our take profit would most likely be due to the retracement, where I have take profit one: 1.983, and take profit two: 1.978, based on price action.
GBPNZD looking up 🦐GBPNZD break and retest the resistance at the 1.98 area.
The market is moving inside an ascending channel and is now trading below a minor structure.
According to Plancgton's strategy if the price will break above we will set a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPNZD: Will you short it ?On GBPNZD, H1 timeframe, price is forming a trendline as it's hovering around a strong resistance level. The price had 2 rejections forming a non-typical double top as the two red dots aren't 100% parallel. Meanwhile, until the trendline is broken, this one is still bullish.