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Gbpnzdlong

GBPNZD POTENTIAL LONG FORMATION IN PROGRESS (BULLISH CHANNEL)When we look at the pair there are more bullish signs and bearish signs hence we are only looking for buying opportunities. We have listed the reasons for our bullish basis below: 1: Higher times frames show a strong bullish trend. 2: Lower bullish channel test and potential bounce. 3: Up-trendline test and bounce. 4: Pair us making new highs which signal a bullish trend. Nothing in the markets is ever perfect and this includes pattern formations. It's not every often we see textbook-style patterns. As long as risk is managed, if we happen to get stopped, we move to the next trading setup.
Long
by NDOBObanks
GBPNZD SELLHi, 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 it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Short
by inv_market09
15
GBP/USD: 15/05: Bears counterattack, nice entry point for sell.OANDA:GBPUSD GBP/USD is building strength to recover from near the 1.2455 support as the US Dollar Index (DXY) has posted downside momentum after seeing a high of 102.70 early in the European session . It is expected that Cable will strengthen its force after breaking through the immediate resistance of 1.2485. GBP/USD has slipped below the Rising Channel chart pattern formed on the four-hour scale. Cable is on a make or break, so absolute volatility is widely anticipated. The 20-period exponential moving average (EMA) at 1.2520 has acted as a major hurdle for the British Pound bulls. The Relative Strength Index (RSI) (14) is hovering in a bearish 20.00-40.00 range, suggesting more weakness to come.
Short
by DNA_TradingFX
GBPNZD - Bullish Trend - Long Based on the chart pattern analysis, it appears that the price is forming higher highs (HHs) and higher lows (HLs), which indicates a bullish trend. Furthermore, the Relative Strength Index (RSI) does not show any divergence currently. I recommend taking a long trade with a risk/reward ratio of 1:1 Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Long
by mansooryousafzai
GBPNZD - Long from discount zone ✅Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs from discount zone. I expect price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.99000. Fundamental analysis: Next week we have news on GBP, on Thursday will be released Interest Rate supported by Bailey speech. The rate is forecasted to increase, this means strength in currency which can support our analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
GBPNZD - Bullish Trend - 1H Time FrameBased on the chart pattern analysis, it appears that the price is forming higher highs (HHs) and higher lows (HLs), which indicates a bullish trend. Furthermore, the Relative Strength Index (RSI) does not show any divergence currently. I recommend taking a long trade with a risk/reward ratio of 1:1 Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Long
by mansooryousafzai
GBPNZD - Expect retracement ✅Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking longs, but for now I expect a retracement to till the imbalances lower. As well we have a normal divergence which indicates bearish price action. Fundamental analysis: Wednesday on 5th of April will be released Official Cash Rate on NZD, which was forecasted to increase by 0.25%, this means strength in currency which could support our move. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD