JohnKicklighter

GBPNZD Facing a Heavy Confluence of Technical Support

FX:GBPNZD   British Pound / New Zealand Dollar
316 2 8
There is a strong mix of technical support near where GBPNZD             closed out this pas week.

A confluence of the 200-day SMA , a five-month trendline and two major Fib retracements all fall around 2.23.

See my full run down of this and other FX trade setups in my weened trading video: https://beta.dailyfx.com/forex/video/daily_news_report/2015/12/05/Trading-Video-Dollar-and-Equity-Conviction-to-Smolder-Until-FOMC-Kiwi-a-Highlight.html?utm_source=TradingView&utm_medium=Kicklighter&utm_campaign=tv
It's forming bearish ww and may visit 2.16-2.18. Risk event is RBNZ rate deciion. If there is rate cut than extremely dovish tone is required to stop nzd from rally. If no rate cut than nzd will become more strong.
Reply
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