GBP/NZD rejected at day's highs by 2.1102, and is currently trading at 2.1016 levels. The pair has broken major trend line support at 2.1047 on the hourly charts and has slipped below the 1H 50-SMA. Technicals on hourlies support downside, test of 2.0960 levels likely. Immediate resistance is seen at 2.1032 (1H 50-SMA), while support is located at 2.0980...
Entry - 2.10959 R/R - 1.0 T/P - 2.11959 - Just before 0.382 Fibonacci S/L - 2.09959 - Well below harmonic level
GBPNZD broke out of a descending triangle which dates back to April of 2013 and Sept of 2015. After the breakout we saw a nice retest of the downtrend and the support level of 2.07500 which the pair held like a champ. It may be a bit too late to chase this pair but it's compelling around these levels of 2.11000 for the only reason that this pair should see...
The pair has been trading a falling wedge and is extending downside along falling wedge top. No respite from bears for now. Targets 1 and 2 on earlier call (link below achieved). Advise booking partial profits. The pair now sees resistance at 2.0537 (5-DMA), ahead of 2.0632 (10-DMA) and 2.0850 (Wedge top). On the other side, supports are seen at 2.0248 (May...
Our short GBPNZD trade continues to move in our favor without much volatility as the recent recovery in commodity prices and currencies provide some support for this pair, especially with economic data from China turning out better then expected, quelling fears of a hard landing for the Chinese economy, and that the world's second largest economy is running into...
Hi everyone! If you don't like trend following tips, you need emotions in trading, there is rather interesting opputinuty for trading. Bullish Divergens and support level allow to open long trade with target on MA50 and have very good P/L ratio. This signal could be better, if ADX started falling. Any way I liked this signal with small SL size and opened long trade.
Bullish outlook 1. Inverted hammer at bottom of trend 2. Double bottom 3. Massive retracement 4. Bullish Wedge 5. Some key support area 2.065 6. Fibonacci .618 retracement
GBP/NZD has been trading a falling wedge formation and has resumed downside after multiple rejections at wedge top. Downside has been supported with rising volumes and Technicals confirm further downside. Resistance on the upside is located at 2.0964 (5-DMA), 2.1049 (10-DMA) and 2.1200 (Wedge top). On the other side, supports are seen at 2.0751 (session low...
Here's a nice solid 1:1. Expecting a retest before testing prior low. Hoping for a quick trade.
GBP/NZD has broken out of its consolidation phase and is extending upside after breaking resistance at 2.1252 (Mar 2nd highs). Momentum indicators are biased higher and the MACD has also given confirmation with a bullish MACD line crossover on signal line. Upside is likely to find next resistance at 2.1569 (Feb 22nd highs), further bullishness could take the...
GBP under tension because of the Brexit (that's it) Cyclically strong. Historical GBPUSD average at 1.6000 www.rbnz.govt.nz
GBP/NZD downside taking a breather at 2.087 levels, pair has edged higher on the day to currently trade around 2.09 levels. But downtrend in the pair still intact, momentum studies are bearish, tests of 2.0656 likely. Lower trailing stops to 2.11, target 2.0660
GBP/NZD hits fresh half-yearly lows at 2.1298, downside accelerating as we write. The pair has been trading a falling wedge, has hit wedge top resistance at 2.1997 and retraced from there. Brexit worries continue to weigh on the sterling, while the Kiwi stands supported on a rebound in commodity prices. Immediate support and resistance are seen at 2.1145 (May...
GBP/NZD extends declines below the cloud, hits half-yearly lows at 2.1446 before edging higher to trade at 2.1537. The pair has been trading a falling wedge, has been rejected from wedge top resistance at 2.1997 and retraced from there. Technicals show no respite from bears, we see scope for test of 2.1340 and then 2.10 levels. Downside has also been supported...
BAT PATTERN PAIR: GBP/NZD TIME-FRAME: 1HR TRADE: POTENTIAL BAT PATTERN This is the 3rd Bat Pattern in a row that we found in the London Live Room. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE:...
Will be watching this extremely closely, Reasons for breakout: a) we have a strong previous rejection at the 61.8% fibo level. b) prices have retested that area last week and rebounded strongly. c) MACD divergence in play d) with the poor NZD news yesterday, i expect NZD to fall even more to retest recent lows near 0.63 level A breakout and close above the...
CYPHER PATTERN PAIR: GBP/NZD TIME-FRAME: 4HR TRADE: CYPHER PATTERN Lot's of different patterns on the GBP/NZD. Currently involved in the Cypher Pattern and orders for the Gartley Pattern below it. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: ...