NEW ZEALAND DOLLAR / BRITISH POUND forum
GBPNZD looks like a falling wedge.. if not then price will hit the support at 2.037
GBPNZD tradingview.com/i/AttoN9S7/ Just 1 I'm grumpy rn | GBPNZD
GBPNZD possible target 2.07500
GBPNZD Let's analyze the GBP/NZD chart 1. Currency Pair: The chart represents the GBP/NZD (British Pound/New Zealand Dollar) currency pair.
2. Time Frame: The chart is based on a 4-hour time frame.
3. Technical Analysis:
- Descending Channel: The chart shows a descending channel pattern. This pattern is formed by two parallel downward-sloping trendlines connecting lower highs and lower lows. It indicates a bearish trend.
- Support and Resistance: Horizontal lines mark specific price levels, which may act as support or resistance areas. These levels are crucial for traders.
- Short-Term Support: Inside the larger channel, there's an upward-sloping trendline acting as short-term support for the price.
4. Trading Implications: Traders interested in GBP/NZD can use this analysis to identify potential entry and exit points based on the observed patterns.
Remember that this is just a technical analysis, and other factors (fundamental analysis, geopolitical events, etc.) can also impact currency pairs. Always consider a holistic approach when making trading decisions. 📈💡
GBPNZD waiting for a possible retest above (near the recent resistance)the trendline as 3 touch confirmation
GBPNZD look at the bigger picture here, GDP is going for a hard fall this month
GBPNZD Price is sweeping liquidity on ltf charts, let's see how it goesGBPNZD Good one, 136pips t.p smashed
GBPNZD just, perfect, too bad eurusd blew my acc last week
GBPNZD staart to move upside lest see what happen next