Technical Analytics Report

GBP/NZD: Ichimoku Indicators Analysis 01 April 2021

GBP/NZD: Ichimoku Indicators Analysis 01 April 2021


GBP/NZD: H4

 Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (1.9713). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.9840).

 GBP/NZD: D1

 On the daily chart Tenkan-sen line is above Kijun-sen, the blue line is directed upwards, while the red one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (1.9538). One of the previous maximums of Chikou Span line is expected to be a resistance level (2.0019).

 It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (1.9840) line and Stop Loss at the level of Kijun-sen line (1.9713).

 Scenario

 Timeframe: Weekly

Recommendation: Buy

Entry Point: 1.9776

Take Profit: 1.9840

Stop Loss: 1.9713

Key Levels: 1.9538, 1.9713, 1.9840, 2.0019


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