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bullish trend seems to be taking place on the GBPNZD pair and that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction. A buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal. This pair can continue bullish trend, now current price at 1.9431 and strong support in hourly time frame at level 1.9453 there is possible chance price will move to up side. then next high price is 1.9380
I suggest to entry BUY with stoploss at 1.9466 and take profit at 1.9381
use higher timeframe is very important because it always helps you to enter in the direction of current trend . using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit
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Great brittian pound was nuziland doller is at risky stage for trading at that time. Because nzd is at mixxed dituation to move up or move down. So no one can able to suggest that whats happend at next stage. So my oppionion is that to kept him away from it and doing trading freely.
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Pivot, Resistance Levels and Support Levels for
GBP / NZD. For Stop Loss and Trading Targets
Calculation For Trading:
Resistance Level (R3): 2.077
Resistance Level (R2): 2.067
Resistance Level (R1): 2.060
Pivot Point: 2.050
Support Level (S1): 2.042
Support Level (S2): 2.033
Support Level (S3): 2.025
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Market analisisss..
using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit. to get consistent profits we must have a good strategy, many of the strategies we use but must match your trading style.
you also need to have emotional control, and good money management.I hope you can earn consistent profit from my signal, good luck
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Gbp/Nzd
we predict future values with technical analysis for wide selection of Forex currency pairs like GBP/NZD. If you are looking for Forex pairs with good return, GBPNZD can be a profitable investment option. GBP/NZD rate equal to 2.041 at 2020-03-06 (today's range: 2.041 - 2.057). Based on our forecasts, a long-term
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GBPNZD trend strongly Bearish
1... Support 2.0435
2... Support 2.0420
3... Support 2.0348
1... Resistance 2.0610
2... Resistance 2.0678
3... Resistance 2.0880
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Pivot point, Resistance level and support level is most important to understand before trading. Resistance Level shows markit is going up so buy is best for traders and Support Level shows market is going down so it is best for sell trading.
The support and resistance level educate us for markit trading up or down so we can trade sell or buy and get huge benefit in trading.
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Thursday as focus again turned to the uncertainty regarding the Covid-19, or coronavirus, outbreak that continues to spread worldwide and especially outside of China. This week, major corporations have suspended air travel for their employees and cancelled some conventions and conferences. There are reports of some U.S. stores running out of basic consumer goods. The state of California has declared a state of emergency due to the coronavirus illness there. On the economic front several major central banks this week have eased their monetary policies to combat the negative economic consequences of the Covid-19 outbreak. More central banks are likely to take action soon, including the European Central Bank.
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Thursday as focus again turned to the uncertainty regarding the Covid-19, or coronavirus, outbreak that continues to spread worldwide and especially outside of China. This week, major corporations have suspended air travel for their employees and cancelled some conventions and conferences. There are reports of some U.S. stores running out of basic consumer goods. The state of California has declared a state of emergency due to the coronavirus illness there. On the economic front several major central banks this week have eased their monetary policies to combat the negative economic consequences of the Covid-19 outbreak. More central banks are likely to take action soon, including the European Central Bank.
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Great brittian pound was nuziland doller is at risky stage for trading at that time. Because nzd is at mixxed dituation to move up or move down. So no one can able to suggest that whats happend at next stage. So my oppionion is that to kept him away from it and doing trading freely.
