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Daily overview for GbpNzd
The price is finding the first support at 1.9674 and the next support is at 1.9649 The price is finding the first resistance at 1.9719 and the next resistance is at 1.9741 I predict price will be continued falling today. The first target is the level 1.9648 After fixing below the first target, then price will go to the level of 1.9632 will become the next one. we need looking fundamental news to get clear signal, don’t be overconfidence in our trading. this market is very dangerous for us. Keep apply our trading rules.
“--- Trading recommendations for trading : Open Sell ---“
According to the current scenario I would like to recommend you to keep an eye on support and resistance levels of the market and also don’t forget to use the proper money management. Have a great and profitable trading everyday !!
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GBP/NZD
As expected, the courts have failed on the upper limit of the range to JPY 135.5 then rally support for 132 . Despite lower shadows (wicks) under 132 , no fence is made below, which reinforces the veracity of this level and the fact that buyers are in this price area. In other words, as long as the recent lows at 131.25 will not be crossed, a return to the upper limit of the range is possible . Conversely exceeded the latter would lead the pair to its lowest annual.
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the price is not able to move below the support at 1.9660 level and moving up side. this is making a pull up from the 1.9690 and break the resistance at the 1.9796 level but this not move above the 1.9842 level and again in the down trend direction. short this pair with the take profit at 1.9650
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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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gbp-nzd is the good currency pair in the forex market its easy to understand from the direct pairs of gbp and nzd but its also too dangerous for the new comer traders cause of which is that its movement is very fast from the direct pairs of gbp and nzd. but its easy to understand from the direct pairs
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once in the prediction of several indicators for the technical analysis of currency pairs GBPNZD on the market today at 1.9732 the resistent level , then I recommend you to do the open position SELL with some criteria such as the following. You put a take profit positions at 1.9647 You put a stop loss positions at 1.9731
that's indicator Bollinger Bands is trend down and signal Parabollic SAR is BEARISH TREND
The following resistance and supporting level of this pairs is as below :
The First Resistance -- 1.9732
Second Resistance -- 1.9744
Third Resistance -- 1.9757
The First Support -- 1.9662
Second Support -- 1.9649
Third Support -- 1.9637
my analysis unable to control the forex market movement. you can follow my signal , but you should put stoploss to limit the risk. please .. share your analysis, so we can discuss in this forum to maximize our profit
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technical analysis of Gbp/Nzd is sell
Current Price is ;1.9707
Resistance and supporting price is ,,,,
Resistance Price is :
1. Resistance Level:1.9752
2. Resistance Level:1.9787
3. Resistance Level: 1.9812
Supporting price is :
1. Supporting Level: 1.9695
2. Supporting Level: 1.9684
3. Supporting Level: 1.9673
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GBP/NZD
As expected, the courts have failed on the upper limit of the range to JPY 135.5 then rally support for 132 . Despite lower shadows (wicks) under 132 , no fence is made below, which reinforces the veracity of this level and the fact that buyers are in this price area. In other words, as long as the recent lows at 131.25 will not be crossed, a return to the upper limit of the range is possible . Conversely exceeded the latter would lead the pair to its lowest annual.
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GBP/NZD tumbled during the European morning Friday, breaking below the 1.9330 level and the upside support line drawn from the low February 15th. Then, the rate dipped below the 1.9290 support (now turned into resistance), that way completing a failure swing top formation on the 4-hour chart.
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this is my analysis for GBPNZD
hopefully it will be good & understandable and help you to earn good profit in trading. Simple Moving Average chart for this pair seen as an indicator as smoothly up movement, so it is possible the breakdown of the resistance level at 1.9671 and the pair will continue to go down to the next level level at 1.9649 in my personal view this pair will be continue bullish trend, for intraday trading today
I advice to entry SELL Order at the level 1.9680 stop loss at the level 1.9635 and target take profit at the level 1.9715
if market movement as my scenario, you can earn good profit and avoid much loss in your trading . keep trade with discipline and patience, remember..always trade in the direction of the current trend, because trend always your friend.
