this is my view of this pair i only analyse gbpnzd wich is a cross pair of gbpusd and nzdusd. I see this pair making the wave C : - wave1 wave2 wave3 wave4 are completed - wave5 is forming and have already completed it's wave1 wave2 wave3 wave4 notice : i'm not a financial adviser i don't have anything to sell ( signal - education- etc..) I only post my ideas to...
Hi all, Looking for a short when price returns to the overhead trend line. My short term bias on this pair in bearish due to the fact we are now quickly approaching January 31st and uncertainty around the short-term outlook for the pound increases in light of Brexit - therefore I believe the fundamentals are in favour of this trade. We have further confluence...
This currency pair has been correcting for a very long time and now showing signs of exhaustion: Divergence Inverted Hammer Significant Support Area Trend Line Support 200 Weekly MA MACD is loosing momentum also there is bullish divergence. Inverted hammer on weekly chart. Approaching the 200 Weekly MA and trend line support. So my suggestion is entry...
GBP/NZD printed a bearish reversal candle on the daily chart right at the resistance of a down-sloping trendline. Stochastics also starting to reverse from overbought levels. Good R/R here with a stop above the day's high.
Will be watching this extremely closely, Reasons for breakout: a) we have a strong previous rejection at the 61.8% fibo level. b) prices have retested that area last week and rebounded strongly. c) MACD divergence in play d) with the poor NZD news yesterday, i expect NZD to fall even more to retest recent lows near 0.63 level A breakout and close above the...
For the past 2 weeks we've seen the price of GBP/NZD retrace to 61.8% level. But the price still keeps making Higher Highs and Lower Lows. MACD turns up. This is Bullish Crown Formation for turning the mid term from bearish to bullish (resuming to the bullish long term). Now is the perfect moment to get in a Trade. Buy: at 2.2900 (61.8% fib retracement...
Looks like inverted head & shoulder pattern, Buy @ 2.3050 TP @ 2.3250 SL @ 2.2850
i try to catch good retracement level to go long. Details are in chart.
Reasons.. GBP: Sterling is a very bullish currency given expectations to raise rates in early-to-mid 2016. Recent job growth has been stellar and BOE comments have been hawkish. We look to buy sterling against weaker currencies on deep pullbacks. The recent inflation report and MPC minutes were less hawkish than anticipated by the market which caused a selloff in...
Well if i'm right this looks like a bearish bat, and there is a possibility that price could first initially go up, and than come back down, in my opinion, i would short it only around the major resistance 2.4006 level.....Mean time if price holds above 2.3700 price can go up......
I think I have found an interesting setup on the 4 hour chart in GbpNzd for a short position Price is currently right below 100 Simple moving Average and just below 38.2% Fibonacci retracement level of last move down these combined resistance levels should hold the price below, and pair is already bearish being below daily trendline and a top seems in place...
Looks like an inverted head & shoulder pattern==long above the neckline Buy @ 2.3800 TP @ 2.4000 TP 2 @ 2.4300 SL @ 2.3300 Good luck :)
The GBP/NZD cross has staged an impressive 12-week rally, the second half of which has mostly been through selling pressure on the NZD following the RBNZ's recent rate cut decision. The daily chart is currently suggesting a downside risk as the RSI is starting to form a negative divergence. This divergence still has to be confirmed, and a daily close below 2.218...
gbpnzd long support pattern on lower time frames
Consolidation over the last couple of weeks, after an impressive breakout from the previous trend, appears to have created a tidy flag formation within a neat channel. Price is now intercepting the meeting point of the 50EMA and the Support at the bottom of the Channel. This is the third time price appears to be reacting to this support and a reversal Candlestick...