In the last post for this pair (week 30) we correctly anticipated a move to the downside that would reach at least the blue trendline marked on the chart. For this week as we look at the 4h chart we give a higher probability for a move to the downside that would at least reach the support zone at 1.95500. After the move to the downside we must study the price...
After touching the resistance area of 1.99-2.00 on multiple occasions now the price finds itself again at that important level. For this pair we see a retracement as the higher probability move. One potential target for this correction is the blue trendline marked on the chart but we will have to study the structure to see when the price will reverse. If the price...
For the next move of this pair we see the price falling to reach the support area marked on the chart at 1,959 if the blue trendline is broken. However, the big trend is to the upside so we advise caution with shorting this pair because there is a reasonable probability for the price to bounce sharply from near support area or even higher and start marching to the...
GBPNZD started an up move last Friday and broke out of the sideways structure. For this pair we can see a retracement to the newly formed support zone at 1,95000 and then a continuation to the upside. The higher probability move is to the upside.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and...
As we can see from the chart, this pair is moving in a trading range between the support zone at 1.91000 and the resistance at 1.95000. We are currently giving a higher probability for a breakout to the downside and continuation than reaching the resistance area. However, if the price reaches the resistance area and consolidates there that means that the prices...
Since the end of March, GBPNZD is in a downtrend structure on the 4h timeframe. When we analyze the structure we see an up move in the middle of April that reversed and now a new push for the uptrend to resume. However before we enter a trade, we should study the price action at the decision zone. The higher probability move in our opinion is a continuation to the...
in this analysis we are focusing on a very long term position which can be kept opened for a year and half or more,
we have a simple descending channel and a Fibonacci projection which is having confluences between the parallels leg and lower bound of the channel
we have specified the 1 TP as the ATL and it can be achieved probably by mid or end of 2021
and the...
Pound Nzd broke out from the Head and Shoulder pattern with a strong bullish Candle.
on the shorter time frame the market is is a little high, so all im waiting is for the market to retrace a little and its good to go.
GBPNZD looks to be working on the end of a 3rd wave down or possibly still inside structure marking the end of a fifth wave.
Either way we would be looking for short term upside (in a correction) or long term upside (in a larger correction).
