FX_IDC:GBPNZD   British Pound / New Zealand Dollar
68 5
Here I offer a longer term chart in the form of 8hr bars. I see current price is contending with a major Swap Level @ 2.3400. I have marked points of buying and selling pressure with angles. 45 degree (white dashed lines) is a dividing point between speed/acceleration of price and price bias. Pretty clear, if price is above 45 is bullish and vice versa. 67 degrees (red dashed lines) marked a dividing point for very fast or heavy moves. If current price remains under these 67 degree markings then price is obviously moving fast and heavy to the downside. Current price is also pushing up against the Swap Level, testing its resistance strength. I am bearish as long as price remains below the Spread high level of 2.3445. Should price break above the Swap Level price bias could change quite quickly. Conversely, closing below 2.3355 could offer quick moves south to the 2.3000 -2.3100 handle.
Comment: Wow, the negative 45 degree line would have worked like a charm.
Beautiful !

Will the Weekly opening price offer a point of support???

15 minute candle closed below the Spread Low, good selling signal.

Long term Multiple Time Frame view....we see the bear flag is still in formation and yet to be broken. We also see Bearish Engulfing patterns on several time frames.

wider view....
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out