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Gbpnzdforecast

We made 300 pips of profits on GBPNZD ... What's next move?One thing we are proud of ourselves is that we only forecast and do not predict where the market is going. This enables us to be objective and remove the distraction and noise from gossips, Trump news and also other fundamentals. We are not saying that they don't work. Some traders and investors will find these useful and relevant. However, this is just not part of our forecasting techniques which is purely based on the open, high, low, and close of the bars. That's it. GBPNZD made a 300-point move on 24 Jan 2018 and made a recent high at 1.9462 on 25 Jan 2018. It closed at 1.9233 this week. It seems volatile and we would like to know what's it next move? From a technical outlook, this cross made a nice near-term uptrend since the recent low of 1.8614 on 12 Jan 2018 before reaching the recent high of 1.9462 on 25 Jan 2018. Over the last few days, we observed that there is a swing high. So, based on our forecast, if this bullish momentum continues despite the price movement on 26 Jan 2018, we could potentially see this cross test 1.9570 as our first level of resistance, followed by 1.9700 as our next level of resistance. On the other hand, should there be any change of the directional bias on this cross, we could potentially see it retrace to 1.9140 as our first level support, and if this level cannot provide the necessary support, this cross could potentially be retraced to 1.9040 and 1.8940 as our second and third levels of support. We will watch this cross closely and provide the necessary update as and when it is appropriate. Good trading NinjaSingapore 27 Jan 2018 DISCLAIMER Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment. Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
by NinjaSingapore
GBPNZD Head and Shoulders ShortTake a look at the daily chart and you can see the head and shoulders pattern developing. At the moment the right shoulder is just being formed, but the swing high is complete at the right shoulder suggesting more downside. You can see that the recent high coincides with the high established where the left shoulder is. This is an aggressive entry. Most will wait until the pattern is complete. That would trigger an entry around 1.88 however an entry here will allow for a much smaller risk policy with as little as a 200 pip stop. Notice that the potential reward is around 1,500 pips. Another confirmation to add is to look at the monthly chart and you will see that the recent high which creates the head of the pattern also lines up with the monthly 50 sma thus providing a huge level of resistance where the head of the pattern is formed. However if the move goes above the proposed right shoulder then it would be best to exit the trade and wait until the head is testes thus providing a double top. Either way this market is starting to show that a down move is in the making.
Short
by Andy_Garcia_CMT_CFTe
Short at 1.8770 for target 1.8680 =100 pipsOk the Nzd are very weak as trhe Leader Peters backed Labour to form a government so the market remain nervous because they scare they will do same as Signapore monetary policy like a "net effective exchange rate target" so is very not good for NZD but all i said is for now is just speculation about ,and when it will be more clear i think Nzd will get back some color. On the other side with the GBP stilla uncertainly mood about brexit + alos the last good inflation number +Carney not make GBP go back up. and today the big miss figures for retails sales is very not good ( ven the market do opposite and make the gbp more strong ( ahahah ) than i try a short intraday,short term Entry at 1.8770 Target 1.8680 Gain= 100pips make a stop loss 35 + up the resistance
by corsicasia
GBPNZD Daily Breakout ConfirmedHi traders, We had a very long range on the GBPNZD daily chart and we recently broke it. The arrow that is pointing on the last candle is the re-test candle, testing the previously broken area successfully. I will open my trade on Monday and see where price will bring me :) On my first target, I will take out 50% of my profits EXCEPT price is showing strength. Target 2 is the last target as it is the same 'height' as the breakout area ... or distance, whatever you prefer to call it. Have a happy weekend!
Long
by FromForkToFingers
3
What's next for the British Pound?On several British Pound Forex pair, an ascending trend line on the daily time frame is on play. With them approaching the bottom of the bottom, are they to bounce or are they to break? In GBPNZD, we can see the it is consolidating at the bottom of the ascending trend line (possibly poised for a retest of the broken weekly descending trend line) which made it form a double bottom. However, if you look at the behavior of this Forex pair, it consolidates above a support (boxed) before descending strongly... did it twice. Watch for a signal to go long or short!
by bearvsbullmarket