Gbpnzdsignal
GBPNZD approaching support, potential for a further rise!
GBPNZD approaching support at 1.99260 where it could potentially rise further to 2.05590.
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GBPNZD reversed from resistance, potential drop!
GBPNZD reversed off its resistance at 2.03165 where it could potentially drop further to 1.99262.
*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.
#GBPNZD, Signal with huge potentialTwo weeks ago a double top pattern was created in the weekly graph and indeed the pound fell by 130 pips, the declines did not hold and the bulls returned.
The recent increases accelerated after the resistance in 1.998 was breached.
A definite upward trend.
Target: 2.09 (a very distant but very realistic destination).
If gbpnzd drops below 2.0150 this signal is canceled!
GBPNZD reversed from resistance, potential drop!
GBPNZD reversed off its resistance at 2.03165 where it could potentially drop further to 1.99262.
*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.
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.
UPDATE on GBPNZDThis is an update on the GBPNZD because of Brexit. previous idea didn't play out..non the less we continue to forecast as it created a rising wedge and if the 3rd touch confirms we go short..for those that trade support and resistance..there's a clear indication that previous high or resistance level is in play as well..happy trading..secure the bag
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.
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.
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.
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Thank you for your support!
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.
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.
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.
GBPNZD approaching support, potential for a bounce!
GBPNZD is expected to drop to 1st support at 1.92548 where it could potentially react off and up to 1st resistance at 1.97714.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPNZD approaching support, potential for a bounce!
GBPNZD is expected to drop to 1st support at 1.93006 where it could potentially react off and up to 1st resistance at 1.95833.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Is there a last up swing coming??? GBPNZD Long Trade idea...Price had a good bull run. The retracement seems to lose some steam but I think there is still some momentum left for one leg up. Price probably won't make a new high but I put my TP on the highest pivot point just in case. We have a nice window of opportunity to open a long trade with price showing support close to the trend line.
Just be patient and see what happens...