Let's analyze the GBP/NZD chart. 1. Currency Pair: The chart represents the GBP/NZD (British Pound/New Zealand Dollar) currency pair. 2. Time Frame: The chart is based on a 4-hour time frame. 3. Technical Analysis: - Descending Channel: The chart shows a descending channel pattern. This pattern is formed by two parallel downward-sloping trendlines connecting...
GBP-NZD was trading along The rising support line But now we are seeing A bearish breakout So I think that after the Bullish correction, we will See a further move down !
A #long trade opportunity recently presented itself on the #poundkiwi (#GBPNZD) #trading chart 📈. This is indicated by the #bullish engulfing candlestick 🕯️ pattern on the 2.08563 horizontal support level. This indicates a fakeout (fake breakout) of the same level, with potential price move in the upward 👆 ⬆️ direction (#buy). Sufficient upward momentum should...
GBPNZD is currently forming a Harmonic Pattern (XABCD) along with a Trendline on the 4-hour time frame. This pattern indicates potential price reversals or continuations based on Fibonacci levels. Point D of the pattern is situated at a key Support level, suggesting a possible bullish momentum. Entry and Stop Loss: Based on the analysis, the entry point is...
GBPNZD is exhibiting a potential Anti-Butterfly Harmonic Pattern (XABCD) formation, indicating a forthcoming bearish trend momentum. This analysis is based on key resistance levels and Fibonacci retracement levels, suggesting a strategic entry opportunity. Pattern Identification: The Anti-Butterfly Harmonic Pattern (XABCD) is emerging on the GBPNZD chart, with...
At the moment, I think it will be too soon for me to say there would be a reversal or a continuation, however a breakout on either side is what I'd love to see before taking a position. A break above the and its retest, 2.04919 I will go long A break below the and its retest, 2.04036 I will go short. Until then, fingers crossed Disclaimer: All trade ideas are...
GBPNZD BUYS in play. 1. Potential Bullish Trend. 2. GBP is strong meanwhile NZD is weak. 3. Short term sellers pressure. We are looking to go Long on this pair, As the price is heading towards the support zone. We will look for confirmations on the lower time frames.
GBP-NZD broke out of The range and the breakout Is confirmed so now we are Locally bullish biased And we will be expecting A move up towards the Target of 2.1150 !
Here is my analysis for GBPNZD on H4 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPNZD broke out of the Bullish wedge pattern While trading in an Uptrend so I think That we will see Further growth!
Hi, according to my analysis of the GBPNZD pair. There is a high probability of falling. With the bullish channel flag broken. The price is trying to retest the resistance area 1.01350. Although this area is the 61% Fibonacci retracement of the golden ratio. I wish you success in this transaction .Note: If you like this analysis, please give your opinion on...
Every trade idea is shared for educational purposes. Do your due diligence before taking any position. Past results does not guarantee future results
GBP-NZD broke the rising Support line and the breakout Is confirmed because the 1D candle closed way below the Broken support thus making is Bearish biased which means That after the pullback And retest we will be Expecting a bearish movement Towards the 1.93 area
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: multi years double bottom 2 📆Monthly: market make lower high even protect their last low during September's volatile moves 3: 📅Weekly: protect the previous high and after it, formate a clear inverted flag that indicates the down move will continue till you grab 50% of the wick liquidity 4: 🕛Daily: a...
GBPNZD has formed a very strong textbook bearish engulfed on the 4H timeframe. the price on the daily is highly bearish as well. there back to 2-time liquidity grab means, there is a high probability of dropping after a retest of the previous resistance as support Press the like button if you enjoy this content :)
GBPNZD has formed a head and shoulder with a long consolidation and deceleration on the daily timeframe and has broken out of this head & shoulder with bearish pin bar. It is highly likely that price will continue to drop from this zone as long-term-weeky and monthly price action is bearish. Thank you for visiting the idea. Press like button if you find value in it :)
GBPNZD is moving in a downward channel. Currently, on the daily timeframe, the price has formed a daily bearish engulfer or a middle man. There is a high probability that the price will respect this resistance and will continue to drop! Press the like button if you enjoy this content :)
Other timeframe players have stepped in and take short this pair. As we can say it is a potential down trend and is about to start. 2.01319 is my first short target. When the price reaches there I would check the price action for further entries. Best of Luck!