GBPNZD Will Explode! BUY!
My dear friends,
Please, find my technical outlook for GBPNZD below:
The price is coiling around a solid key level - 2.0331
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy giving a perfect indicators' convergence.
Goal - 2.0434
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
GBPNZD
GBPNZD Is Very Bullish! Buy!
Here is our detailed technical review for GBPNZD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 2.032.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2.043 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPNZDGBPNZD is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 2.0200
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GBPNZD My Opinion! SELL!
My dear subscribers,
This is my opinion on the GBPNZD next move:
The instrument tests an important psychological level 2.0538
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.0483
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
GBPNZD ____ INCOMING BEARISH MOVEHello Guys,
This pair has been on my radar for a long time now. Let's break down this pair.
On the monthly timeframe, a bearish CHOCH was formed and if you use your fib to measure the retracement, you will notice that the price has retraced more than the equilibrium price, meaning that GBPNZD is in a premium zone. This doesn't mean it would be wise to short the pair just like that.
On the weekly timeframe, using your fib you will also notice that price has retraced to the equilibrium price.
On the daily timeframe is where it gets interesting, notice the sell-side liquidity (equal lows) and also the imbalance (FVG) as drawn on my chart. Also, price has formed a bearish CHOCH on the daily timeframe.
If price should retrace into the daily supply orderblock, I will go into the 1 hour timeframe to wait for my trade setup.
Keep this pair on your radar.
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Cheers,
Jabari
GBPNZD Will Go Lower! Short!
Please, check our technical outlook for GBPNZD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 2.055.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 2.048 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBPNZD H4 | Bullish bounce?Price could react off our buy entry which is a multi swing-low support level at 2.04374. Our take profit is at 2.05493, a pullback resistance level. Stop loss is at 2.03771, which is an overlap support level.
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GBPNZD Will Go Up From Support! Long!
Please, check our technical outlook for GBPNZD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2.045.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.060 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBPNZD: Bullish Continuation & Long Signal
GBPNZD
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy GBPNZD
Entry Level - 2.0447
Sl - 2.0367
Tp - 2.0607
Our Risk - 1%
Start protection of your profits from lower levels
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GBPNZD Under Pressure! SELL!
My dear friends,
My technical analysis for GBPNZD is below:
The market is trading on 2.0488 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2.0434
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GBPNZDGBPNZD is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 2.040
What you guys think of this idea?
GBPNZD | Short idea!GBPNZD went face first into a resistance zone. This zone has seen a lot of price action before and must be treated with careful and brutal precision. If price continuous to go down tomorrow, I will be looking for shot positions on the lower time frames!
Be patient, trade safely and manage your risk!
GBPNZD to turnaround at current support?GBPNZD - 24h expiry
Price action has continued to trend strongly lower and has stalled at the previous support near 2.0430.
Price action looks to be forming a bottom.
Momentum is flat, highlighting the lack of clear direction.
Risk/Reward would be poor to call a buy from current levels.
A move through 2.0500 will confirm the bullish momentum.
We look to Buy at 2.0440 (stop at 2.0380)
Our profit targets will be 2.0590 and 2.0620
Resistance: 2.0500 / 2.0530 / 2.0550
Support: 2.0430 / 2.0400 / 2.0380
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