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ANALYSIS
GBP/NZD: Mid-term bears close out for profit taking
July 22, 2020 12:19 GMT | By Steven Mylonas
GBP/NZD: Mid-term bears close out for profit taking
Multi-year trend line support has provided good buying opportunities since the August 2015 decline. The 78.6 Fib, 200 period weekly moving average and trendline support now in play at (1). Short term sentiment amongst small participants is approx 68% bearish, which usually serves as a good indicator when turning points are approaching. Watch for buying pressure to pick up around these current levels (19000/40) for a bounce off triple support (1) which could initiate the start of a new uptrend. Alternatively, if we break below this support zone and close below the 200 SMA on the weekly time frame, we could expect to see a re-test of the July ‘19 lows (18250/80s) over the coming weeks.
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Today Market Anylisiss....
Resistance points and Support points of market goes down.
The pointers educate us concerning business sector down so do the exchanging Sell and get an enormous benefit .. Thanksss
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Anybody use his method thru its non-public reviews. Some peoples used critical methods, a few people used transferring averages and extraordinary then used helps and homes,who help him to make his approach .
Market fashion for this pair
technical indicator for analyzing :
Momentum : Bullish
Simple Moving Average : Bullish
Pivot factors : Neutral
Ichimoku : Bullish
Resistance and Support factors marketplace ke nechay janay ke haq essential hain. Buy ki trade earnings de gi.
Indicators ko observe karte hoye aur apni samjh soch ke sath trading karni chahiye.
I propose this trading trend for all my buddies because I made this recommendation after the super enjoy of purchasing and selling and assessment of essential techniques.
If you want emerge as Successful Trader In foreign exchange business, do hardwork and get more understanding and enjoy about foreign exchange shopping for and promoting
I preference you may earn extra income this week
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Today position :buy
Ye kaafi weak chal raha hai aur esliye esme usd strong hone ki wajah se ye pair up ho raha hai,esme ka level agar break hota hai to esme fir buy nahi karna chahiye,.aur sabse strong support esme long term trading ke liye hai tabb takk esme trader buy the dip karke market me sahi entry lekar apne trade ko open aur close kar sakta hai.
Aj k liye buy Karna zaida better rahay ga
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Today market trend is :sell
This pair is in a directionless consolidation, we can see that the price is gravitating heavily to the downside. It has repeatedly found support at the yet after every bounce it tends to return to this area, creating a pronounced bearish bias.so i recomand for sell today all support and resistence showing this trend
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Respected members of Indian forum
This pair surely increas the movement down
Side, because of indicators show that the down
Trend
Pivot Point, Moving average ,Crunt price, Rsi,
Resistance and Supporting points, MACD,
Parabolic sar, Bollinger Band, H4, H1, M30,
All the indicators running the favor down
Side
So market trend this time is sell
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Today market trend is :sell
This pair is in a directionless consolidation, we can see that the price is gravitating heavily to the downside. It has repeatedly found support at the yet after every bounce it tends to return to this area, creating a pronounced bearish bias.so i recomand for sell today all support and resistence showing this trend
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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.
We also know about the movement of price up and down in down because of news. News of donald trump is most important. About USA and Chaina trades.
I have also make trading about these analysis of moving averages. Parabolic SR.====
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The pair is in strong uptrend line targeting But a clear break of this blue uptrend line will trigger a strong bearish targeting
Major trend : upward
Minor trend : downward
current position, a position floting loss, -4. two positions have not been executed pending orders.
price is currently undergoing a correction, and it seems like the trend up will not change
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Today market trend is :sell
This pair is in a directionless consolidation, we can see that the price is gravitating heavily to the downside. It has repeatedly found support at the yet after every bounce it tends to return to this area, creating a pronounced bearish bias.so i recomand for sell today all support and resistence showing this trend
