** JUST AN IDEA. NOT A SIGNAL **
Sorry we haven't posted in two weeks due to covid.
We are back with GBPNZD, as we can see a weekly downtrend is continuing as the days go by.
Momentum has been lost this week over the last few days with signs of a reversal.
If the trade chooses to break 1.92770 barrier I expect to see a nice uptrend.
Else if the trade breaks...
** JUST AN IDEA. NOT A SIGNAL **
We can clearly see momentum has been lost within the 4 hour graph.
A range has been formed, once the trade shows us a breakout we could buy or sell.
We know the volume of buyers or sellers will be strong once the range has been broken.
Interesting pair to watch.
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** JUST AN IDEA. NOT A SIGNAL **
I look to see a bullish behaviour from the trade to about 107.420.
Momentum has been lost over the few days however we can see a pattern is forming.
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** JUST AN IDEA. NOT A SIGNAL **
It seems like there is a multi time frame forming where if the trades breaks out of 1.36623 then the trade will look to go long.
If it rejects the line then we look for a short and retest.
From the weekly analysis we can assume the trade will look to continue an uptrend until it looses further momentum.
Thanks for...
** JUST AN IDEA. NOT A SIGNAL **
It seems like there is a multi time frame forming where if the trades breaks out of 0.90150 then the trade will look to go long.
However from the weekly patterns and the current 4h graph we can assume that the bears will push down the trade significantly.
Three spots of take profit are set with a somewhat tight SL at the...
** JUST AN IDEA. NOT A SIGNAL **
We can see here that the trade has tested and felt constant resistance at 0.70015 multiple times already.
After its breakthrough, it then felt resistance again at 0.70302 where momentum took a swing as sellers have weighed the chart down.
We expect to see a further downtrend from here onwards after rejection of 0.70015 once...
** JUST AN IDEA. NOT A SIGNAL **
We can see that there is a downtrend being followed over the course of the past weeks.
Momentum looks to swing about 1.13794 where we expect a pullback after a high pressure from buyers.
Interesting pair to follow.
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** JUST AN IDEA. NOT A SIGNAL **
We wait for 1.28780 alert to arise ad the line is tested.
A SELL opportunity awaits at the point of contact.
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SnapForexOfficial.
