Gbpnzdlong
GBPNZD WEEKLY ANALYSIS 27-11-2021#forexsignals #freeforexsignals #dailyforexsignals #weeklyforexsignals
#GBPNZD weekly bias looks bullish. The buyer’s price of interests are 1.9427, 1.9352, 1.9287, 1.9238
The possible targets are 1.9550, 1.9796
These analysis are based on the current market swing and we update our views based on the upcoming future swings
GBPNZD DAILY ANALYSIS 25-11-2021#forexsignal #freeforexsignals #dailyforexsignals
#GBPNZD Daily momentum is bullish. buyers price of interest are 1.93290 1.93110 1.92830 1.92390
The possible targets are 1.94600 1.95100
These analysis are based on current market swing and we update our views up on the upcoming future swing
💡Don't miss the great buy opportunity in GBPNZDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.9485).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPNZD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 1.9600
TP2= @ 1.9660
TP3= @ 1.9750
TP4= @ 1.9820
TP5= @ 1.9980
SL= Break below S3
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Buy GBPNZD : Inverted head and shoulderThe pair has formed an inverted head and shoulder patttern on daily basis. The prices are at the bottom of the second shoulder and is supported by 21 days EMA. Buy the pair as soon as the prices sustain above the necline at 1.93541 i.e. a daily closing above this level. The price may hover between the height of the second shoulder which is a good sign before a breakout. Once done, the first target will be at 1.95742, which is equivalent to the height of the shoulder and then at 1.98359. The stop loss for the trade is at 1.89833.