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Gbp-nzd

GBPNZD AnalysisAfter a +400 pip recovery on GBPNZD, price advanced towards 2.07000 a strong previous resistance. From this area we've seen a bearish engulfing candlestick and strong rejection from this area. If sterling is retracing and banks are pushing price lower in order to reload buy at better prices then we could expect price to enter into our highlighted area before accumulating buys and to continue the bullish rally. Alternatively, price could continue to push lower through the key fib levels and test support again. From a technical perspective price is still in a downtrend unable to create higher highs so it will be interesting to see how price reacts from our key zones.
Long
by Ironclad_Investments
GBP/NZD: About to sell the breakout! Check it out HI guys, The pair is currently ranging under its daily pivot level. We have strong resistances above the current price and still room for downside until we reach the very bottom of the daily support. Should this range break to the downside I will sell the pair and target the 2.04400 levels which is a technical target. I will not look for more since we have a daily support which could lift the pair. Guys, if you appreciate my ideas and my contributions in here please like/comment my ideas. Feel free to look at my previous ideas below. Best, Jesse *** Trade at your own risks ***
Short
by SwissPips
GBPNZD CLOSE TO SUPPORT Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see, the pair is close to its H1 support it will be interesting to see what it does. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us. Ryan.R..Lopes
by Ryan_lopes
GBP/NZD High Probability ShortThe head and shoulders pattern is almost complete for this pair if we take a horizontal neckline. On top of this, New Zealand are releasing their Visitor Arrivals data, which will be down due to the current climate. However, there is a real chance these numbers could fall even lower than than forecasted, putting more downward pressure on NZD, further supporting this trade. On top of this, the horizontal neckline assumption coincides with the 0.618 Fibonacci level, so breaking this support is definitely key. Let me know what you think!
Short
by adamh20
2
CRUCIAL POINT FOR USDJPYHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. USDJPY is now at a crucial point as its close to its resistance level. if it breaks the resistance line it will go up towards the upper Resistance. If the pair falls back then it will come till the Channel Support then go up a bit and fall down till Support. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us. Ryan.R..Lopes
by Ryan_lopes