Why GBPNZD Longs are just getting started
I wrote about a turnaround for GBPNZD about 10 days ago, buyers could be seen coming back into the pair. Then I went back a few months to the last bears-rally passed back to the bulls in GBPNZD and it could be seen that is was a fast and clean transition back to the bulls.
So I have not looked at the chart much lately, until of course today. But here is why I bought back in after taking all profits recently;
The MACD Daily, the best one for reliability and these cross-ups are accurate but market-makers at the big banks know of their existence but of course price would never be manipulated by anyone to throw retail traders off the scent.
Anyway, you can see here in the daily chart the uptick in the volume analysis, yellow lines & then green lines still longer than previous, that all timed wonderfully well for the MACD crossing up to the sky's and my guess is soon price of GBPUSD will power across the triple top and beyond 2.20.
Finally, here are a couple more charts.
1HR and then Monthly
