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Gbpnzdanalysis

GBP/NZD SHORT from 2.1149I'm SHORT GBP/NZD from 2.1149 for the following reasons: a). R.S.I. is now reading 68 and was over 70 for the last 4 candles (76 last candle). This would indicate that SELLERS are taking the price under overbought. b). The high (2.1173) sits a band of resistance between WR1 and WR2 weekly pivot. Last week this area (2.1042 to 2.1084) saw SELLERS enter the market and drive the price lower. c). Although the Pivot Point SuperTrend remains green (BULLISH) we have seen 5 red SELL dots over the last 5 hours. d). Andean Oscillator shows that the green BUY line is weakening and is about to cross south over the yellow signal line. e). the RED SELL line has moved away from zero and is rising. This is a moderately high risk trade as we have no confirmation on MACD and the Andean Oscillator hasn't crossed but we can get in early with a tight 26 pip STOP (at 2.1175). Furthermore, we have just seen the Pending Home Sales released. This was green at 1.6% (.2% better than expected) and Revised UoM Consumer Sentiment and this too was green (79.4 act. 76.5 exp). Despite this BULLISH USD news, the market has failed to react though there is still time. Worth a SHORT from these levels with a STOP as indicated at 2.1173 (ish) and a target of WPP mid pivot/200 EMA at around 2.099 though this target will depend on momentum over the next several hours if we see price drop.
Short
by forextraplaces
GBPNZD I It will decline from channel resistanceWelcome back! Let me know your thoughts in the comments! ** GBPNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
2
DeGRAM | GBPNZD potential shorting opportunityGBPNZD pulled back to the support level that was tested two times. Usually, the price breaks the level on the third attempt.  The market has bearish sentiment, and there is a high chance that the price will continue moving south. We expect price action to make a pullback and go down to test the lower border of the descending channel. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
1
GBP/ NZD !! 15/2/2024 break the DOWN trend⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: Break the trend Down in H1 frame, test the trend. Price moves towards the support zone. Set up BUY signal ⭐️ SET UP GBP/NZD PRICE: 🔥BUY GOLD zone: 2.06550 - 2.05350 SL 2.06050 TP1: 2.06850 TP2: 2.07150 TP3: 2.07550 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. test trend DOWN ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Long
by Nova-Scalper
1
DeGRAM | GBPNZD price at confluence levelGBPNZD in the descending channel is pulling back to the confluence level.  The market overall is bearish, so we anticipate a price move down from the resistance. Price created a confluence level where we have a bearish harmonic pattern channel border and dynamic resistance as well. We expect to tap into the resistance zone and continue trending south. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Short
by DeGRAM
2
GBPNZD - Long from support zone ✅Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the imbalance lower and then to reject from support zone for a potential long. Fundamental news: Upcoming week on Tuesday we will see results of Unemployment Rate on NZD. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
GBPNZD Analysis🏃‍♂️ GBPNZD is moving in a Descending Channel and broke the Uptrend line and 🟢 Support zone(2.077 NZD-2.073 NZD) 🟢. 🔔 After completing the pullback , I expect GBPNZD to decline to at least the 🟢 Support zone(2.060 NZD-2.056 NZD) 🟢 and the lower line of the descending channel. British Pound/New Zealand Dollar ( GBPNZD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
1