Don't miss the great buy opportunity in GBPNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.9407). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Take Profits:
TP1= @ 1.9480
TP2= @ 1.9582
TP3= @ 1.9660
TP4= @ 1.9747
TP5= @ 1.9828
SL= Break below S2
❤️ 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 trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Gbp-nzd
Don't miss the great buy opportunity in GBPNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.9407). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Take Profits:
TP1= @ 1.9480
TP2= @ 1.9582
TP3= @ 1.9660
TP4= @ 1.9747
TP5= @ 1.9828
SL= Break below S2
❤️ 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 trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
GBPNZD ANALYSISGBPNZD broke major downtrendline
Bullish wave (a) ended at level 1.9585
then corrective bearish wave (b) rejected from support level at 1.9375 with strong bullish movement
Above SMA 100
MACD shows start of bullish momentum
It's expected forming bullish wave (c) to target resistance level at 1.9935
GBPNZD is ready to move up . Please fasten your seat beltsAfter falling out of the sky onto the ground, by forming a head & shoulder pattern, the price of this currency pair resumed its journey back to the sky in the last few weeks.
Now, with a last kiss , it farewelled its current position and is getting ready to go to the upper floors of heaven.
GBPNZD - DAY TRADE VIEWGBPNZD - Trading close to the resistance zone and chances are there for a downside reversal.
My approach is a short sell at current price 1.94600
Stop loss 1.95250
potential downside target 1.93860
Traders, if you liked this idea hit the like button & write in the comment section.
Why you should follow this tradingview account ?
Managed by top most renowned trader - Pulak Priyesh
10 + years of trading experience
Professional Day trader
Excellence award winning mentor
Professional chart, clear chart without junks.
Major S/R levels with inner insights
Frequent Day & Swing trade levels
All major and minor FX/INDICES covered
Thanks !!
GBPNZD - SWING - 21. SEPT. 2020Welcome to our weekly trade setup ( GBPNZD )!
-
1 HOUR
Bullish pressure right now, good shortterm long setup!
4 HOUR
Overall sideways market structure in smaller tf.
DAILY
Expecting prices to push towards previous resistance zone.
-
FOREX SWING
BUY GBPNZD
ENTRY LEVEL @ 1.91860
SL @ 1.90810
TP @ 1.93480
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPNZD BUY IDEAWe notice in the chart that the pair continued to decline in the previous period
But it appears in some indications that the pair has lost the selling power
The price is now in a strong support area, and there are signals to start buying, and this area is a consolidation area
The price after the reversal showed slight buying power
I expect to buy in the short and medium-term unless the price breaks the support zone down
GBPNZD: Key Levels That You MUST Consider
hey guys,
GBPNZD is currently approaching a strong weekly structure.
because the pair is very volatile and can boom and bust very quickly,
here are the key levels that you must consider trading this market:
Support 1 - 1.905 - 1.915
this structure is based on the current year's low and price action of 2019th.
the market is currently testing that area, so look for long opportunities on lower time frames.
Support 2 - 1.84 - 1.854
this structure is based on 2018's and 2019's structure lows.
though the market dived deeper testing theses levels,
weekly candles have perfectly closed within the above-mentioned zone.
Resistance 1 - 1.945 - 1.955
this structure is based on 2019's price action.
in case if support 1 is respected, it can be the first goal for swing traders
Resistance 2 - 2.0 - 2.02
this structure is based on current year's high and 2019's price action
major reversals always happen on key levels.
so always pay attention to the reaction of the market to these zones.
GBPNZDAs published by my self on September 4th this pair had retraced to our 61.8 fib with a clear rejection of this level. Price then continued to push down taking out previous lows to eventually reach our target zones at the -27 and -61.8 fib extension levels. Those that are part of our private educational group capitalised massively on this particular set up.