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Gbpnzdshort

GBPNZD is facing bearish pressure | 10 May 2021Prices are facing bearish pressure from horizontal swing high resistance, in line with 127.2% Fibonacci retracement and 127.2% Fibonacci extension. Prices might push down towards 1st support in line with horizontal swing low support which coincides with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. If prices push up further, prices might face resistance from horizontal pullback resistance in line with 61.8% Fibonacci extension and 61.8% Fibonacci retracement. Stochastics is facing resistance from 90.29 level, potential for further downside.
Short
by FXCM
GBPNZD facing bearish pressure, potential for further downside!Prices are facing bearish pressure from horizontal swing high resistance, in line with 127.2% Fibonacci retracement and 127.2% Fibonacci extension. Prices might push down towards 1st support in line with horizontal swing low support which coincides with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. If prices push up further, prices might face resistance from horizontal pullback resistance in line with 61.8% Fibonacci extension and 61.8% Fibonacci retracement. Stochastics is facing resistance from 90.29 level, potential for further downside.
Short
by TradeGATEHub
GBPNZD is facing bearish pressure | 07 May 2021Prices are facing bearish pressure from our short-term descending trendline resistance, horizontal swing high resistance as well as 100% Fibonacci extension and 61.8% Fibonacci retracement . Prices might push down towards horizontal swing low support and our 2nd target can be the Fibonacci confluence area of 78.6% Fibonacci extension as well as -27.2% Fibonacci retracement . If prices push up further, prices might face resistance from 50% Fibonacci retracement and 161.8% Fibonacci extension . Ichimoku cloud is also above prices, showing a bearish pressure for prices.
Short
by FXCM
2
GBPNZD is facing bearish pressure | 07 May 2021Prices are facing bearish pressure from our short-term descending trendline resistance, horizontal swing high resistance as well as 100% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push down towards horizontal swing low support and our 2nd target can be the Fibonacci confluence area of 78.6% Fibonacci extension as well as -27.2% Fibonacci retracement. If prices push up further, prices might face resistance from 50% Fibonacci retracement and 161.8% Fibonacci extension. Ichimoku cloud is also above prices, showing a bearish pressure for prices.
Short
by FXCM
3
GBPNZD is Bearish !!!! SELL.GBPNZD is currently on a downtrend and price is currently in a zone of interest at the 61.8 % fib level. I am currently looking for a break out and retest out of my Asian box. Expecting a move around 3:30am or at 4:30am est. My chart markup was done on a 1hr. Looking for entries on the lower time frames for selling confirmation. If you like this idea or have your own opinion about this pair, please comment below box. I would love to reply. Trade at your own risk. Have A Good Trading Day!
Short
by Keymc
GBPNZD facing bearish pressure, potential for further drop!Price is facing bearish pressure as it continues to hold below the Ichimoku cloud and descending trendline resistance, in line with our bearish bias. We could potentially see price approach our 1st resistance, in line with 50% Fibonacci retracement, 100% Fibonacci extension and horizontal swing high resistance, where we might see a reversal and further drop towards 1st support, in line with 50%, 78.6% Fibonacci extension and horizontal swing low support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub
1
GBPNZD - 4hr Timeframe - ShortHello Traders, Price broke out of a 4hour ascending trend line that is lined up with a structure level, Price has the potential to retest the broken zone and move lower, Wait for a RETEST (Price Closes Above the previous level of Support) Once Price Confirms Support as New Resistance (Ceiling). Enter the Trade. Good Luck to you all, If you liked this idea, please like, follow and comment. *This idea does not provide any financial advice.
Short
by RobBezerra
1
GBPNZD Elliot wave analysis in H4 GBPNZD Elliot wave analysis The fundamental factors has played key role in the recent downtrend in GBPNZD as the pandemic situation in England got worse and the economic condition in New Zealand was also in trouble and in some countries they re imposed some minor restrictions.Today the RBNZ has leave the rate unchanged this causing the further selling of GBPNZD in coming days. We can clearly see the price movement was within a broad rising channel and its about to reach the lower side of the trend line. And i am expecting further downside breakdown in coming days. Currently the Wave 02 was completed and Third major wave was underway.We can see a bearish engulfing pattern in 4 Hour time frame 1.94550 would be a desirable entry point for bear.The main bearish invalidation point was 1.97530
Short
by forexorbit