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Gbpnzdlong

GBPNZD / H1 / Daily Forex Technical Analysis / 10.24.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is October 24th, 2019 and we will be taking a look at the British Pound against the New Zealand Dollar. Looking at the 1 hour time frame we are looking for price action to hold above the trend line acting as support the 2.016 region. If we can continue with a bullish follow through and stay above the trend line and our stop loss we will be looking for an entry long. Entry for a Long position near the 2.01664 area, with a Stop Loss near the 2.00326 zone, and a target profit level area of 2.03497, could possibly ensure a profitable trade with a 1.37 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Long
by FuturesForexClasses
1
GBPNZD reversed from resistance, potential drop! GBPNZD reversed off its resistance at 2.03165 where it could potentially drop further to 1.99262. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
GBPNZD approaching resistance, look out for potential reversal! GBPNZD is approaching its resistance at 2.03294 where it is could reverse down to its support at 2.01334. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
GBPNZD bounced from support, potential for a further rise! GBPNZD bounced off 1.99812 where it could potentially rise further to 2.03780. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
Video Analysis of GBPNZD 14.10.2019The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 2.0030 • Take Profit Level: 2.0200 (170 pips) If the price rebound from resistance level, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 1.9880 • Take Profit Level: 1.9840 (40 pips) USDJPY A possible long position at the breakout of the level 108.60 GOLD A possible short position in the breakdown of the level 1483.00 USDCHF A possible long position at the breakout of the level 0.9990 EURUSD A possible long position at the breakout of the level 1.1035 WHY TRADE WITH PAXFOREX? We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on... Top Effective Educational Tools For All Types Of Traders The Reliability in all assets in the market Live Multi-language Online Support 24/5
by PaxForex
GBPNZD bounced from support, potential for a further rise! GBPNZD bounced off 1.96170 where it could potentially rise further to 2.03780. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
GBPNZD bounced from support, potential for a further rise! GBPNZD bounced off 1.93178 where it could potentially rise further to 2.00037. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone