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Gbpnzdanalysis

GBPNZD uptrend setupprice direction: UPTREND potential target price: 1.9086 **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1
GBPNZD – Change to bullish phase to happen soon ?GBPNZD sit at the bottom of HTF Falling Wedge pattern right now and it got a little rejected. I’m expecting this little rejection to continue for a while before forming a bullish continuation pattern. A break from this bullish continuation pattern will be enough to confirm the upcoming bullish move and will trigger my buy entry. Lets see how will this pair develop. Good Luck.. __________________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. Follow me on my other channel and don’t miss any updates: __________________________________________________________________________________________________________________________________________________________________
Long
by moa_trading_journal
3
GBPNZD- Patience did pay offWhen we posted our GBPNZD ideas some of you came back to us with negative comments, some even stopped following us 😿 Well we did insist on posting it and it did happen and we had the guts, patience, psychology and risk management working for us in order to get to the profits. Again, technical analysis never lies but you guys need to learn how to TRADE if you will ever be able to use any signals. GBPNZD, you did what you had to do, thank you.
Short
by FX_Professor
6
GBPNZD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of GBPNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 49 - Dec 01 M > Market was moving in a rising channel but it broke out channel to the downside last month. Price is currently testing monthly support. W > Price opened and closed below the channel support hence this level will now act as resistance, though we can see rejection to the upside. D > Price has been dropping for past 4 days continuously in last week with rejection wick on Friday as the only sign of rejection to the upside. Market tested monthly support again yesterday but closed with rejection to the upside. As per COT GBP added major Long and few Short, slightly improving net positions, N-R have also added major Long but closed few Short positions, improving cumulative net positions. BXY gained strength during the said period however after gaining further strength last week it closed on a weak note. NZD further added both Long and Short bringing Long to the highest for the year, ZXY has gained strength all of November, it is now testing a major resistance level. For GBP Institutions have been closing Long since August and increasing their portfolio of Short, about 10K Short added in November. Hence weak GBP can be expected in long term. Whereas NZD has gained massive strength and we can only expect some correction. Hence GBPNZD can consolidate at current level for sometime. 4H > We saw bullish divergence and price has already retraced below 0.382 Fib level on last bullish move. A rejection to the upside from any of Fib level will provide a LH however we expect price to either consolidate or continue to drop. Pair Correlation: GBPNZD has positive correlation with EURNZD and negative correlation with NZDCHF, NZDCAD, NZDUSD and NZDJPY. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
by AP17FX