The British Sterling has been strengthening against the New Zealand Dollar since mid-April. This movement was constrained in an ascending wedge, as the pair was diminishing its trading range. As apparent on the chart, the rate entered a minor period of consolidation this week, as it was unable to overcome the strong resistance of the 38.20% Fibo retracement and...
Potential sell opportunity for GBP/NZD at the completion of the Butterfly pattern around 1,96245 Comment below if you have any questions!
GBP/NZD extends upside for 4th straight session, trades 0.32% higher on the day. The major is extending gains above 20-DMA and bulls now eye 'Triangle Top' at 1.96. Technical studies support further upside in the pair. RSI shows strength at 61 levels and is biased higher. Stochs support upside ans +ve DMI dominance adds to bullish bias. We see weakness only on...
Price broke out of the 4h Trendline, and its heading back up to resistance Risk Reward 3.3
GBP/NZD fails to hold break above 20-DMA, we see scope for further weakness. Technical studies are bearish. RSI below 50, biased lower. Stochs show bearish momentum. The pair is on track to test 100-DMA at 0.9190. Break below 100-DMA could see test of 1.9115 (Triangle base). Violation at 'Triangle base' support will see major weakness in the pair. Scope then for...
Second chance to get in this trade. Price pullbacked to the .50 Fib retracement and rejected back up. Expecting a buying continuation upward on the daily timeframe Risk Reward 2.59 If 4h candle closes below previous open, then I will close since it may be a double top pattern
I WOULD SUGGEST YOU TO WAIT FOR THE CLOSURE OF THE THIRD GREEN CANDLE BEFORE ENTRY ENTRY: 1.94225// SL: 1.93925// TP: 1.94842
#GBPNZD buy now small lot first and set buy limit .Target 100+ pip
GBP/NZD has bounced off major trendline support at 1.8930, bias higher. The pair has broken above daily cloud and technical studies have turned bullish. RSI shows strength at 60 levels and is biased higher. Stochs point north and momnetum is bullish. We see +ve DMI crossover and ADX is rising in support of the trend higher. The pair is currently hovering around...
WELL WELL WELL. Look at what we've got here guys, a real opportunity to go long! Cool, so currently prices are approaching the 1.93000 Region and we may get the opportunity to go to the upside taking out prior highs and also penetrating the 1.95000 Region. HOWEVER. What seems realistic is that prices will head down to our support zone and may bounce of the...
Buy now on GbpNzd Sl. 87.600 Tp1. 94.600 Tp2. 98.400