GBPNZD
GBPNZD - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect price to continue the retracement to fill that huge imbalance lower and then to reject from bullish order block + institutional big figure 1.99000.
Fundamental analysis: Upcoming week on Wednesday we have news on GBP, will be released monthly GDP & on Thursday on NZD will be released quarterly GDP. Pay attention to the results in order to validate the analysis.
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GBPNZD Will Move Higher! Long!
Please, check our technical outlook for GBPNZD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 2.058.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2.080 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBP/NZD:Bullish Momentum Intact with Potential for Fresh ImpulseThe GBP/NZD is currently exhibiting a sustained bullish trend across all timeframes. Yesterday, the price initiated a retracement after experiencing a pullback at the 50% Fibonacci level from the previous swing. Based on this, our analysis suggests the possibility of a new upward impulse, with a target for profit-taking in the 2.0800 area.
However, during the European trading hours on Thursday, the 2-year UK gilt yield has declined by nearly 1% for the day. This decline in yield poses a challenge for the GBP/NZD to gather bullish momentum. Additionally, the UK's FTSE 100 Index remains in negative territory, thereby limiting the potential gains for the risk-sensitive Pound Sterling. Despite these factors, we are still on the lookout for a bullish setup in the GBP/NZD.
EURNZD I Bullish flag and continuationWelcome back! Let me know your thoughts in the comments!
** EURNZD 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.
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GBP-NZD Will Keep Growing! Buy!
Hello,Traders!
GBP-NZD is trading in an
Uptrend and the pair broke
The key horizontal level of 2.03
Which is now a support and
After the retest of which
I will be expecting a move up
Buy!
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GBP/NZD On The Rise! BUY!
My dear subscribers ,
My technical analysis for GBP/NZD is below:
The price is coiling around a solid key level - 2.05412
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2.07851
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GBPNZD Is Very Bullish! Long!
Please, check our technical outlook for GBPNZD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 2.054.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2.062 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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