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Gbpnzdsell

GBPNZD SET A STAGE FOR A MAJOR SELL-OFFThe weekly chart above puts GBPNZD's entire decline since August 2015 in an Elliott Wave context. As visible, the currency pair spent almost 15 months to drew a textbook five-wave impulse. The pattern is labeled 1-2-3-4-5, where wave 1 unfolded as a leading diagonal, and five sub-waves of wave 3 and wave 5 are also visible. According to the Elliott Wave theory, a three-wave correction follows every impulse. This means the overlapping bullish price action we saw in the last three years is hardly the start of a new uptrend. Instead, it is most likely a complex W-X-Y-X-Z triple three correction within the larger downtrend from 2015 high @ 2.5344. Note how the resistance level discouraged the bulls in wave Z and also made a double top. This is another indication that the entire 5-3 wave cycle is complete. If this count is correct, we can expect the trend to resume in the direction of the impulsive sequence. Furthermore, the sell-off is supposed to breach 2016 low, so targets below 1.67004 make sense for GBPNZD going forward. Thanks for Reading! Veejahbee.
Short
by Veejahbee
GBPNZD approaching resistance, look out for potential reversal! GBPNZD is approaching its resistance at 2.03294 where it is could reverse down to its support at 2.01334. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
GBPNZD bounced from support, potential for a further rise! GBPNZD bounced off 1.99812 where it could potentially rise further to 2.03780. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
Video Analysis of GBPNZD 14.10.2019The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 2.0030 • Take Profit Level: 2.0200 (170 pips) If the price rebound from resistance level, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 1.9880 • Take Profit Level: 1.9840 (40 pips) USDJPY A possible long position at the breakout of the level 108.60 GOLD A possible short position in the breakdown of the level 1483.00 USDCHF A possible long position at the breakout of the level 0.9990 EURUSD A possible long position at the breakout of the level 1.1035 WHY TRADE WITH PAXFOREX? We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on... Top Effective Educational Tools For All Types Of Traders The Reliability in all assets in the market Live Multi-language Online Support 24/5
by PaxForex
GBPNZD SELLGBPNZD SELL @1.99635 SL @2.00201 TP @1.99102 TP @1.98701 TP @1.98202 Traders! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. LINK IN BIO!! **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. _________________________________________________________________________________________________________________________________________ Thank you for your support! AkilajFX
Short
by AkilajFX
GBPNZD bounced from support, potential for a further rise! GBPNZD bounced off 1.96170 where it could potentially rise further to 2.03780. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
GBPNZD bounced from support, potential for a further rise! GBPNZD bounced off 1.93178 where it could potentially rise further to 2.00037. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
GBPNZD to reverse from downside confirmation, potential drop! GBPNZD to reverse from its downside confirmation at 1.93799 where it could potentially drop further to 1.89270. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
GBPNZD to reverse from downside confirmation, potential drop! GBPNZD to reverse from its downside confirmation at 1.93462 where it could potentially drop further to 1.89270. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
GBPNZD to reverse from downside confirmation, potential drop! GBPNZD to reverse from its downside confirmation at 1.93423 where it could potentially drop further to 1.89270. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone