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Pivot point, Resistance level and support level is most important to understand before trading. Resistance Level shows market is going up. so buy position is best for traders
the cost is break Obstruction and Pattern Line and it is Flying Up side with having the Long signal from the explanatory SAR.
the market pattern could stay in this position and I expected help opposition levels.
trader can trade according forex market situation and earn good profit everyweek.
time frame that is considered while making support and resistance levels – use Daily and Weekly time frame,
consider the daily economic news before taking the trade.
the cost is break Obstruction and Pattern Line and it is Flying Up side with having the Long signal from the explanatory SAR.
the market pattern could stay in this position and I expected help opposition levels.
money management in forex trading is very effective for getting profits with stop loss and take profits method with current trading position.
maybe this pair will make some correction to the next high level.
I predict this pair will reach to the next resistance level,
Up trend is indicated from the Simple Moving Average and Bollinger Bands indicator .
using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit.
we must have a good strategy to get consistent profits ,
choose a strategy base on your trading style and increasing your knowledge about forex everyday.
my technical analysis and some opinion about this pair
I using technical analysis. pivot point is the point in which the market sentiment changes from bearish to bullish.
support and resistance calculations give good signal for bullish.we can see a Buy signal on MACD indicator.
major low levels also known as supports -Buy the pair long term
major high levels also known as resistance - Buy currency pair long term
take Long position can give profit in forex market today.
Market was closed strong bearish and looks like it will continue to make the bearish movement but before that I am expecting little correction on daily time frame. So, I think on Monday we can see little bullish movement before the continuation of bearish movement.
Today market technical analysis trend buy
According to some best indicator like
Bollinger band
RSI
Zigzag
Market is going to up position if you like and gain good profit open buy order and gain good and huge profit I thing keep in mind use money manage and always use stop loss and take profit. If u lost in there plz try again and take good profit.
Today market trend:Buy
Resistance and support poinst also going up
Parabolic sar bollinger band rsi indicators also tell market up
So think about situation and then easily take decision for trading
Forex trading is a powerfull business in the world
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 2.055 at 2020-04-26 (today's range: 2.054820 - 2.055470). Based on our forecasts, a long-term
Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price is at - 2.0572
This currency name - GBP/NZD
Resistance and Target - 2.0592
Support and Stop Loss - 2.0552
Always follow Long time frame market trend.
Signal is Sell.
Forex forum is the good forum in the world. It provide us facility to earn good profit by trading on it.
I have also use this forum for invest money and make trading to earn good profit.
I have used to indicators RSI and Zigzag for signal of trading then I have made trading and earn good profit.
Note:Always Follow the making experienced with others having great knowledge about trading.