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Gbp-nzd

GBPNZD, Great Britain Pound - New Zealand Dollar: RectangleFX:GBPNZD The breakout of resistance or support could lead this cross to a new trend. What would be done in that case? We put the order to market after the confirmation of the weekly closing of the candle, we define the stop loss on the basis of the parameters of our strategy, we follow the trend in a systematic way without being taken by the fear of closing the trade in advance for the price to go back or without thinking that the trend could last forever. Why do we do this? Because we allow ourselves to go earn enough to pay the small losses of the false signals plus the profits that make the difference on our equity line. Happy Trading at All!
by SwissTradingSchool
GBPNZD Short IdeaHere is a trade idea I had on GBPNZD, short. My fundamental analysis is the following: GBP (Great Britain Pound): (N) - Brexit, a problem that will be fixed, but will create another one which is a trade deal with the EU, which currently has a lot of uncertainty. (N)- Markit Manufacturing PMI 47.5 (vs. 47.4 previous), has to be over 50 to be positive. (Jan 02) (P)- Markit Services PMI 50.0 (vs. 49 previous) (Jan 06) (N)- BOE MPC member Vlieghe says he is ready to cut interest rates if data does not improve. (Jan 12) (N)- Croatia’s PM threatens to block London access to EU markets. (Jan 12) Overall: GBP - BEARISH, because of Brexit trade deal uncertainty and overall bad economic data. Also, there is a possibility of a rate cut, and threats of closing the EU market to London. NZD (New Zealand Dollar): (P)- Phase One Deal to be signed on January 15th. (P)- Trade Balance (YoY) -$4.82B (vs. -$5.04B previous) (Dec 18) (P)- GDP YoY 2.3% (vs. 2.1% previous) (Dec 18) (P)- GDP QoQ 0.7% (vs. 0.5% previous ) (Dec 18) (P)- GDT Price Index 2.8% (vs. -5.1% previous) (Jan 07) (P)- Total Filled Jobs 2.21M (vs. 2.16M previous) (Jan 09) Overall: NZD - BULLISH, because of US-China Phase One Deal signature an overall good and improving economic data. So, fundamentally GBP is a weak currency, and NZD is a strong currency, thus why GBPNZD Short should make a good trade.
Short
by jimnakmtl
GBPNZD - Fasten your seat belts for a drop!On a daily Chart. As you can see, I made it clear regarding the Entry point, Take Profit and Stop Loss. (For those who are curious!) * The Price is obeying the trendline. (So far) * In terms of the price action, it looks like that the price will continue toward the downtrend and the next Support level. * Looks like the price is trying to break the Support by constantly, bouncing on the level. * The MACD is looking bearish with the MAs are pointing down and widely away from each other and the volume being in the red area. As always, Keep your Risks under control. I personally don't risk more than 3%. Better safe than sorry. Please Be patient. Love, @TheMrGrateful :) P. S. Have hope and trust in your system and believe you can be better and will be better. It just a matter of time! Keep in mind even the professionals make mistakes and they all started from somewhere. The key here is consistency. It's okay to be wrong, but It's not okay to stop!
Short
by Sepz2020
1
GBPNZD: POTENTIAL BUY OPPORTUNITYFollowing up on the weekly analysis I posted earlier, GBPNZD has broken the daily corrective structure channel, and it's retesting it. The break out is an impulsive move followed by a corrective structure that seems to be unfolding as a zigzag. The correction in wave (ii) of C has retraced 61.8 - 78.6% of wave (i), and it's within a deep Fibonacci extension zone "blue area." Price is expected to resume higher from or near the current market price.
Long
by Veejahbee
3
Bullish Structure on GBPNZD by ThinkingAntsOkUse this as a guide to develop your setup: Main items we can see on the Daily Chart: a)The price is inside an ascending channel since 2017 b)Inside the channel, we can see a clear Support Resistance Zone and how the price respected several times c)Currently, the price is above the support zone with a Pennant formation. d)Pennant Patterns are considered continuation structures, that means that a new motive wave should come after the breakout of the structure e)Based on that, we expect a continuation of the bullish movement if the price breaks above the Pennant. If that happens, we will be aiming at the higher trendline of the channel as the bullish target.
Long
by ThinkingAntsOk
GBP/NZD buyers pushing price upHi traders. Here we have an interesting setup in GBP/NZD. The pair has completed a pullback to a daily support zone and is forming a indecisive doji candlestick in today's trade. The level aligns with the 38.2% Fib level, and the daily RSI shows a hidden bullish divergence. Zooming-in to the 4-hour chart, we get a nice bullish wedge pattern with the price retracing at the lower wedge support. Like our analysis? Please hit the "LIKE" button to support us. Thanks!
Long
by MujkanovicFX
GBPNZD SS Short + 51 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. The 4 Horseman are aligned. This is a Type 1 trade with a High probability and good RRR. BO Entry = 1.9986 Stop = 2.0011 Risk = 25 pips Profit target = 1.9935 ( The projected low ) Reward = 51 Pips RRR = 2 - 1 I would appreciate if you leave a comment or like as a thank you Have a great week!! Allen LAST CHANCE TO OBTAIN THE GOLD METHOD ICHIMOKU I wanted to remind everybody that today is the last day to obtain the book. ** Every trader has made up their investment during the training room, so it is practically a no cost proposition. If you want to join and are prepared to put in the work, please send me an email at Fxgold54@gmail.com
Short
by AGold54
5