FX:GBPNZD   British Pound / New Zealand Dollar
88 0 2
The GBP/NZD is in the process of a corrective bull move, following a highly impulsive bear move. As can be seen, recent price action has been very bullish indeed, with overbought readings on RSI and Stochastics. The overall picture is still bearish though, with the recent bullishness forming a flag continuation pattern and being corrective in nature. With this in mind, we're looking for the support and resistance zone, coupled with the 38.2-50 fib area, and finally we'd be looking for some momentum failure and/or some candlestick confirmation. Our entry should be at a point of confluence between these factors, with a fairly tight stop and a large reward in mind as is the case with trading with the trend and using the impulsive-corrective-impulsive probable sequence.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out