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Gbpnzdanalysis

GBPNZD IS HEADED TO 2.02000. SAME OLD BREAK AND RETEST BUYS.GBPNZD has been in a staggering teeter uptrend in the past few months. New highs continues to form as previous resistance gets broken after a few trials. Last week, we saw a bullish burst open above the daily resistance of 1.197500. The bulls against the bears. We have now seen price come back to this level and at the time of writing, this daily candle is showing a positive retest. If the bulls seize this level as support, be rest assured that uptrends would continue to form along the coming months. I'm a hard-headed bull here. I'm buying this one.
Long
by Men_of_The_Markets
GBPNZD IdeaG'day Guys. How's going? Let's get some trading idea today. We looking for Buy today. For this pair, in the Daily time-frame perspective, this pair still heading up to uptrend but was blocked by a strong resistance level. We still positive this pair heading up due to the market structure which in an Hourly time frame which is clearly showing the movement, there will be 2 levels or entries that we going to enter before deciding on selling this pair after a certain level broke. Let see what happen next.
Long
by EYFMarkets
Proposed long GBPNZDAfter establishing a double bottom at 1.92 and then a double top around 1.98, this pair is staring to develop some momentum to the up side. Not the cleanest of charts, but for the most part, the pair is respecting support/resistance areas. I am looking for a pull back to the 1.975 area to take a long. EURNZD also looks similar but the next resistance is closer, so prefer this one. I would love get your thoughts on this. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management in all your trades.
Long
by Trading_Vista
GBPNZDHello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. GBPNZD on resistant zone and will be moving support zone for more tgram bexfolio Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit week guys
Short
by Bexi03
GBPNZD | Perspective for the new week | Follow-upIt's approximately 700pips move in our direction since my last publication on this pair ( see link below for reference purposes) and the price has continued to reject the NZ$1.98000 zone. This is a sign that Buyers are yet to garner the momentum to push the price above this level in the last 9 months (since September 2020) hereby giving an advantage to Sellers from this area. Considering the memory at the NZ$1.98000 zone, Investors have been hesitant to keep buying the Pound New Zealand Dollar (GBP/NZD) exchange rate higher, as the Pound’s "bullishness" runs out of steam every time it reaches this level which is represented on the chart with Rejection I to IV. Tendency: Downtrend (Bearish) Structure: Supply & Demand | Trendline Observation: i. The Trendline indicated on the chart has been a significant factor in deciding the prevailing bias of participants in the market since the beginning of the year 2021. ii. It is important to note that as soon as the price touches NZ$1.98000 a sharp rejection happens and this has occurred three different times this year (March, May & June); This is a clue into the immense strength of Sellers at this juncture in the market. iii. Focus shall be below Key level I @ NZ$1.9670 for selling opportunity with confirmation at the Breakdown/Retest of Trendline. iv. Breakdown/Retest of Key level II @ NZ$1.9200 shall welcome addition to existing running position. v. CAUTION: Please note that confirmation remains below Key level I as any significant Break above NZ$1.98000 shall welcome a rally continuation at retest... Trade consciously!:) Trading plan: SELL confirmation with a minimum potential profit of 500 pips. Risk/Reward : 1:6 Potential Duration: 10 to 20days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
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