ForceFollower
Long

GBPNZD Ready For a Rally

FX:GBPNZD   British Pound/New Zealand Dollar
GBPNZD             has been following this navy blue Schiff Median Lines' set. Lately fell out of it, but the odds seem to be with the buyers. It may go up, but there's strong resistance up ahead at 1.9755, so I wouldn't be surprised to see it fail to reach the lower MLH and stall at that resistance level. If failed though, another leg down may form.

-----------
Disclaimer:
There is a very high degree of risk involved in trading forex . I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice.
Sam0101
2 years ago
hi force, is the kiwi start declining now? what u think about this pair for now n past 30 mins ago as it struggle to pass 0.879. But it seems that decline has start effective as Kiwi has nothing to sustain it.
+1 Reply
ForceFollower Sam0101
2 years ago
Hi, GohSam, the kiwi is still strong, but it's getting weaker esp. vs. the aussie (but probably soon also vs. the loonie and the sterling). However, vs. USD it's a different story. Why? Because currently the greenback is the weakest currency (even weaker than the euro) and the pair NZDUSD (NU) is - by my standards - in an up trend. So, even though I do expect some further weakening of the NZD, you might sooner see EURNZD (EN) go up than NZDUSD go down (By the way, compare the recent price action on H4 of these two pairs and notice a horizontal range in EN vs. an up trend in NU).
+1 Reply
TawanHomhaun
2 years ago
this pair resit. is at 2.1000 area thats the new target,rnbz will tighten so gbp/nzd will make new highs from the drop of 2.0400 area to low lows sits at 1.9340 rnbz from interest rates rise buddy
+1 Reply
ForceFollower TawanHomhaun
2 years ago
Thank you. I'm looking forward to it.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out