GBPNZD broke the moving average, suggesting a potential trend change. This in tandem with October's monthly bull candle gives me enough reason to believe an up trend is about to begin. My orders are placed at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6. and 0.0. Each order contains a 30 pip stop loss and no take profit target. These trades...
The Pound had been trading in a channel down since mid-2016 prior to breaching this long-term pattern on October 19. The rate has since reached its five-and-a-half –month high of 1.9431 and subsequently traded lower. Apart from the aforementioned pattern, the Pound’s movement is likewise constrained by two opposite channels. Characteristics of all these patterns...
Good afternoon, There is a nice ascending wedge on M15 with this pair. I will be looking to short it but before we need the prices to test the support line on M15. Target will be the next support line (100+ pips). Cheers Jesse
The price diverges with MACD and RSI, it gives us a trend reversal signal. MACD supports downward movement and DMI shows that bears are not so strong. The daily chart looks overbought and we should expect for a correction movement. It's sell opportunity. Pending orders should be placed at 1.91870 level with stop orders above the resistance at 1.94500 level. The...
From the chart, the price is now at the crossroads, it's also a prefect example for technical analysis . It has already formed a bearlish bat from 2016.07-2016.05, and successfully reached the target price; Now, the D-point is converted to X point and form a bearlish bat again with the potential reversal zone made by 2.24BC and 0.886 XA. There is also...
Short GBPNZD at market. Target 1 at 1.8220. Target 2 at 1.8040. Stop loss 1 ATR (30 pips) above 1.8500 round handle pivot at 1.8530. Just my perspective, trade safe.
The movement of GBP/NZD has been characterized by three patterns, namely, a medium-term ascending channel, symmetrical triangle and a falling wedge. The former was breached last week, suggesting that a rebound from the bottom channel boundary circa 1.86 should follow. Meanwhile, the latter two point to a longer appreciation that could lead the pair towards the...
GBPNZD just broke a major level after The Sterlings strong news week, and will probably see more upside the coming weeks due to the news about a rate hike coming up in the next couple of months. After this daily candle close I might go long next week if the candle closes above, if not, I think we will see another candle close above at a later time. But I feel...
After the sterlings huge bullish run last week, I anticipated in a previous analysis it would be aming for the major 1.9000 this week. And now I think that wave might be up next. I'll wait for the price action to tell me to go long. Who knows, maybe a break of the CTL or poosibly a close above 1.8600 if I have to. I will be aming at 1.8800-1.8860
The cross reverse his direction and now are ready to reach the sky. The pressure are long with medium value For a list of market pressure of all crosses visit my twitter profile. My service are free .. if you trade my idea with profit, please make a donation to this bitcoin address 14hiFQfBZHLBsZ6D9oCr3g1cnoESLbHJNS thankYou ;-)
A light strong market pressure lead the cross to reach the tarket in next days
The Pound has been trading in an ascending wedge against the New Zealand Dollar for the last nine weeks. This pattern is rather chaotic, as the rate failed to reach the upper wedge boundary for several weeks prior to surging up to the 1.87 mark. Nevertheless, it has approached a one-year symmetrical triangle apparent on the daily chart. This suggests that even...
Let's sit back and enjoy this. I bet it's breaking out to the south, what do you think? I've set my sell stop orders.
I had a really tough time choosing which pairs to trade for this news. Early morning the surprisingly dissapointed Business Confidence releases sent both AUD and NZD lower. As these two are the ones I've consider short against GBP I now face with a dilemma. If I am to go full Short now, I have a little to bank as the move may have overextended but then again...
Lower low spotted with 1.83 holding as a nice resistance. Could Nzd make a come back in the upcoming week and see some sign of strengthening? So long as 1.83 is not broken and a nice candle shows up, a short is good. Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be...
The Pound has gained valued against the New Zealand Dollar since mid-August, creating a short-term ascending channel. This up-move is a part of a senior ascending channel which was formed early in June. The rate is currently trading near the upper boundary of the senior formation which coincides with the 50.0% Fibonacci level. Further upside momentum could guide...
Short Trend Broke And Rejected Off Resistance