Be wary of the breakout to the upside owing to the Daily EMA's
GBP/NZD pauses at major trendline support at 1.8925. Price action is below daily cloud and technical studies are bearish. Further, bearish RSI divergence adds to bearish bias. Break below 1.8925 raises scope for test of 200-DMA at 1.8549. Violation at 200-DMA could see further weakness. On the flipside, 20-DMA is strong resistance at 1.9050. Breakout above...
Hey guys, The pair has been accumulating and I am expecting a rebound around the level of interest of the bulls. Trade with care. Cheers Jesse
Hey guys ! Here is a nice potential entry on GBPNZD . Accumulation of : - Fib zone / Fibonacci - Trendline retest - Bullish channel - Standard deviation - Reversal pattern - 1hr 50SMA - Doji Good luck !
Those that has the long trade could start to look to take profit. Price has reached my initial target zone. Otherwise, you could wait for an opposite candle to shows up. We are up about 160pips + from the support zone. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment...
Will be expecting more upside to this pair. After 8 days of "Fighting" at the support, bull wins the battle. So long as 1.9 holds, we could see price reach the resistance at 1.93 Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can...
Trading idea. Entry should trigger next trading week.
Hi guys, I will buy the pair if it breaks successfully the channel. Target will be the median line. Cheers Jesse
Resistance zone - 1.947 Short term wise, we are still bearish. next support - 1.904 Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for...
We can expect GBPNZD to either do a small retracement or a continuation to the down side
After reaching a 1.5-year high of 1.9830 on December 1, 2017, the Pound started to edge lower against the New Zealand Dollar and thus formed a channel down. The latest test of its bottom boundary occurred mid-January as a result of which the pair started to appreciate steadily. However, the strong hourly surge which occurred on January 24 pushed the rate above...
Support at 1.88 Structure is pretty bullish waiting for long at support. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own...
-falling Highs -confirmed falling Trendline -confirmed rising trendline as a possible entry trigger for a short I look to enter a short trade after a nice bearish candle breaking and closing below the small rising trendline Alternative i would consider a long entry after a valid break n close above the bigger falling trendline ( for extra confirmation i like to...
1.925 Resistance zone. Still have more upwards movement to go. Patience is the key, too late to long, too early to short. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if...
The Pound has recently ended trading in the junior channel down pattern on the four hourly chart pattern against the New Zealand Dollar. The move was expected due to the fact that the currency pair had touched the lower trend line of a highly speculative medium term channel pattern. The dominant channel is considered speculative, as its trend lines are mildly...
Weekly chart of GBPNZD and we are facing a critical level. If structure holds an explosive move up will be needed to break the previous multi-year support. If this zone of importance does not hold, likely to continue down to lower zone & along the trend line that has formed. As always; don't trade assumptions. Wait for price to react to this level and then jump...