Currently short this pair from a 50 fib retracment, CTL break and retest etc. I'm looking for a first target at the daily support level that is marked out and then if this is broken the -27 extension will come into play which is confluent with the possible channel support.
As GBPAUD do,GBPNZD works on the same scenario. Weakness in sharp way appears on weekly chart,and a warning has take a place to tell that the trend will convert from uptrend into down one. The confirmation is works out once the pair violate down the level of 2.4155 which is considered itself as the first target that pairs working on to reach in short time.So...
GBPNZD Long 2.3116 ST 2.2990 tp 2.4177 tp2 2.4500 Good luck
This is do or die. Another Breakout @ 2.31800 Region after yesterday evening and a nice Risk/Reward Ratio. So worth a try for me, even if the daily view tells me this could end very fast.
EUR could be at the top of a Larger Wave 3. If this is the case we could start to look for a correction. This will also be useful to know to help predict any trend changes is the EUR cross pairs.
Daily Currency Strength Index (DCSI) is a professional service suitable for intraday and/or part time traders who are looking for an extra edge in the market. DCSI measures the strength of the 8 major currencies pre-London opening which filters out the strongest and weakest currencies so that traders can make much more accurate, informed and confident trading...
Oct 30: Daily Currency Strength Index AUD: -7 CAD: +2 CHF: -5 EUR: -3 GBP: +3 NZD: +5 USD: +5 JPY: +3 Daily Currency Strength Index (DCSI) is a professional service suitable for intraday and/or part time traders who are looking for an extra edge in the market. DCSI measures the strength of the 8 major currencies pre-London opening which filters out the...
Oct 29: Daily Currency Strength Index AUD: -3 CAD: +3 CHF: -6 EUR: -6 GBP: +4 NZD: -1 USD: +7 JPY: +3 Daily Currency Strength Index (DCSI) is a professional service suitable for intraday and/or part time traders who are looking for an extra edge in the market. DCSI measures the strength of the 8 major currencies pre-London opening...
Oct 28: Daily Currency Strength Index AUD: -7 CAD: -1 CHF: -6 EUR: -2 GBP: +1 NZD: +4 USD: +5 JPY: +6 Daily Currency Strength Index (DCSI) is a professional service suitable for intraday and/or part time traders who are looking for an extra edge in the market. DCSI measures the strength of the 8 major currencies pre-London opening...
The primary trend of GBP/NZD is bullish on charts. In its 4 hourly chart, the pair is not sustaining at higher levels and consolidating with strong negative bias to give break out at downside. Its 30 DMA is also supporting the upcoming bearish trend in the pair. It is having an important support at the level of 2.3680. If it breaks its support level and sustains...
The primary trend of GBPNZD is bullish on charts. In its 4 hourly chart, the pair is no more sustaining at higher levels and is likely to give break out at downside. Prices are consolidating with strong negative bias and its 30 and 200 DMA are also providing resistance to the prices supporting the further down-trend. If it breaks its support level of 2.3700 &...