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Gbp-nzd

GBPNZD Possible paths for the priceMain items we can see on the chart: a) The price is currently on a resistance zone b) Based on past behavior if the price is not able to break the level we should see a bearish movement towards the next support zone c) If the price is able to break the resistance zone, we should expect a bullish movement towards the next one d) However, if you are interested in trading this situation we would wait first for a clear correction either for the bullish or bearish scenario
by ThinkingAntsOk
GBPNZD Long Setup & AnalysisYellow zone - critical supply/demand area based on the weekly timeframe Red zone - critical/supply demand area based on the daily timeframe According to the latest GBP COT Report we can see that the Sterling is starting to show a strong momentum in favour for the long contract sizes. If this continues, we can see a possible attempt for the GBP/NZD to reach the 2.20000. The New Zealand Dollar on the other hand doesn’t show us dominance for either long or short contract sizes based on the COT Reports from the beginning of June. For me there is one possible scenario: 1.From a monthly perspective we are far away from the equilibrium zone and the first step in getting close to it is a possible close over the monthly dotted trendline near 2.20000. Price will be drawn to that level due to the fact that it is a major supply area. It is a quadruple confirmation point which aligns perfectly with the monthly dotted trendline, a monthly critical supply zone, the weekly upper trendline and with the golden 0.618 Fibonacci level. Before that, we will see a few corrections that can be used as entry points for our trades. Happy trading!
Long
by SigmaTrading
Don't miss the great buy opportunity in GBPNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.929). 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 above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 68. Take Profits: TP1= @ 1.9380 TP2= @ 1.9510 TP3= @ 1.9635 TP4= @ 1.9745 TP5= @ 1.9885 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 ❤️
Long
by ForecastCity
14
Don't miss the great buy opportunity in GBPNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.929). 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 above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 68. Take Profits: TP1= @ 1.9380 TP2= @ 1.9510 TP3= @ 1.9635 TP4= @ 1.9745 TP5= @ 1.9885 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 ❤️
Long
by ForecastCity
20
Don't miss the great buy opportunity in GBPNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.9115). 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 above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 41. Take Profits: TP1= @ 1.9300 TP2= @ 0.6957 TP3= @ 0.6937 TP4= @ 0.6905 TP5= @ 0.6875 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 ❤️
Long
by ForecastCity
26
Don't miss the great buy opportunity in GBPNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.9115). 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 above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 41. Take Profits: TP1= @ 1.9300 TP2= @ 0.6957 TP3= @ 0.6937 TP4= @ 0.6905 TP5= @ 0.6875 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 ❤️
Long
by ForecastCity
25
GBPNZD - SWING - 15. JULY. 2020Welcome to our weekly trade setup ( GBPNZD )! - 1 HOUR Very bearish break below main sr level. 4 HOUR Expecting more bearish pressure! DAILY Good short entries following volatility pressure. - FOREX SWING SELL GBPNZD ENTRY LEVEL @ 1.91630 SL @ 1.92370 TP @ 1.90470 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
Short
by DACapitalTrading
14