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GBPNZD

📚 💰 Descending Triangle in GBPNZD - "Learn More Earn More"📚 LEARN MORE 💰 EARN MORE With ForecastCity Descending Triangle Definition: A Descending Triangle is a type of triangle chart pattern that occurs when there is a support level and a slope of lower high. It is defined by two lines: . A horizontal support line running through valleys. . A Downtrend line drawn through the peaks. The lower highs indicate more sellers are gradually entering the market and selling pressure increases as price consolidates moving further towards the apex. A Descending Triangle is classified as a continuation chart pattern . If price can break through the support level, that level will now act as a resistance level. Breakouts can also happen in both directions. Statistically, downward breakouts are more likely to occur, but upward ones seem to be more reliable. In most cases, the sellers will win this battle and the price will break out past the support. But Sometimes the support level is too strong, and there is simply not enough selling power to push it through. Therefore you should be ready for movement in EITHER direction. ENTRY: We would set an entry order below the support line and above the slope of the lower highs. TARGET: Target is approximately the same distance as the height of the triangle formation. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Education
by ForecastCity_ME
6
📚💰Descending Triangle in GBPNZD "Learn More Earn More" With US📚 LEARN MORE 💰 EARN MORE With ForecastCity Descending Triangle Definition: An Descending Triangle is a type of triangle chart pattern that occurs when there is a support level and a slope of lower high . It is defined by two lines: .A horizontal support line running through valleys. .A Downtrend line drawn through the peaks. The lower highs indicate more sellers are gradually entering the market and selling pressure increases as price consolidates moving further towards the apex. An Descending Triangle is classified as a continuation chart pattern . If price can break through the support level, that level will now act as a resistance level. Breakouts can also happen in both directions. Statistically, downward breakouts are more likely to occur, but upward ones seem to be more reliable. In most cases, the sellers will win this battle and the price will break out past the support. But Sometimes the support level is too strong, and there is simply not enough selling power to push it through. Therefore you should be ready for movement in EITHER direction . ENTRY: We would set an entry order bellow the support line and above the slope of the lower highs. TARGET: Target is approximately the same distance as the height of the triangle formation. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Education
by ForecastCity_ME
7
💡Don't miss the great sell opportunity in GBPNZDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.9395). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 38. Take Profits: TP1= @ 1.9255 TP2= @ 1.9065 TP3= @ 1.8945 TP4= @ 1.8675 SL: Break Above 1.9565 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
4
GBPNZD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of GBPNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 44 - 26 Oct M > Market is moving in a rising channel. Price reached support of channel coinciding with monthly support, faced rejection and started upward move creating a double bottom. W > Price pulled up till 0.618 Fib level on last weekly bearish impulse and faced rejection. This level also coincided with weekly support, now turned resistance. D > Price created an M formation during bearish move and we can expect it to make an upward move to test its neck. Price also created a W formation and as expected it dropped to test its neck before continuing with upward move. Price is moving to the upside creating HH and HL and we can expect it to move towards our target. As per COT GBP saw addition of Long and closure of Short positions further improving net positions though still in -ve. BXY however weakened during the said week and ended last week in a Doji after strong buying pressure during start of the week. NZD saw closure of both Long and Short positions further improving net positions, whereas ZXY was weak during the said week but it gained strength last week. ZXY has been gaining strength slowly since June 2020. 4H > Price is rising in an upward wedge creating HH and HL with small dips in middle of the wedge. Price is currently testing bottom of wedge as support and we will for reversal confirmation to compound our position with a Long. Pair Correlation: GBPNZD has positive correlation with GBPCAD, GBPAUD and negative correlation with EURGBP and NZDCAD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Long
by AP17FX
💡Ascending Triangle in GBPNZD- "Learn More Earn More" With USAscending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows indicate more buyers are gradually entering the market and buying pressure increases as price consolidates moving further towards the apex. An ascending triangle is classified as a continuation chart pattern . If price can break through the resistance level, that level will now act as a support level. Breakouts can also happen in both directions. Statistically, upward breakouts are more likely to occur, but downward ones seem to be more reliable. In most cases, the buyers will win this battle and the price will break out past the resistance.But Sometimes the resistance level is too strong, and there is simply not enough buying power to push it through. Therefore you should be ready for movement in EITHER direction. ENTRY: We would set an entry order above the resistance line and below the slope of the higher lows . TARGET: Target is approximately the same distance as the height of the triangle formation. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Education
by ForecastCity_ME
4
Don't miss the great buy opportunity in GBPNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.9407). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 45. Take Profits: TP1= @ 1.9480 TP2= @ 1.9582 TP3= @ 1.9660 TP4= @ 1.9747 TP5= @ 1.9828 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
Don't miss the great buy opportunity in GBPNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.929). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 68. Take Profits: TP1= @ 1.9380 TP2= @ 1.9510 TP3= @ 1.9635 TP4= @ 1.9745 TP5= @ 1.9885 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
10
Don't miss the great buy opportunity in GBPNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.9115). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 41. Take Profits: TP1= @ 1.9300 TP2= @ 0.6957 TP3= @ 0.6937 TP4= @ 0.6905 TP5= @ 0.6875 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
16
Don't miss the great buy opportunity in GBPNZD Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.91400). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 58. Take Profits: TP1= @ 1.93000 TP2= @ 1.94200 TP3= @ 1.96200 TP4= @ 1.97600 TP5= @ 2.00000 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
2
Don't miss the great buy opportunity in GBPNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.9315). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 65. Take Profits: TP1= @ 1.9510 TP2= @ 1.9645 TP3= @ 1.9795 TP4= @ 1.9995 TP5= @ 2.0155 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_EU
4
Don't miss the great sell opportunity in GBPNZDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (2.0371). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 48. Take Profits: TP1= @ 2.0023 TP2= @ 1.9620 TP3= @ 1.8937 SL: Break Above R2
Short
by ForecastCity_EU
5
Don't miss the great sell opportunity in GBPNZDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (2.0485). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 2.0273 TP2= @ 1.9995 TP3= @ 1.9415 SL: Break Above R2
Short
by ForecastCity_EU
2
What to expect from GBP/NZD for today Price bounced back from that 200 ema and found some bottom @1.982XX creating some bullish divergence as we can see on the TDI. If the price gets to break the 200 ema instead of bounce again, we can expect te price to keep moving up 800ema is a good point to go BE ADR maxed out and the TL are good exit points Remember this advice will be useful for you if you are a Scalper TIP of the day: do not sit down and start following the price until something happens, get your scenario ready and set some alarms for the price
Long
by RomanBFX