Its the third time at the same level market rebound and the triangle more explored to us after breaking the down trend and testing it again we are sure market will go up to 1.8041 this level our first target and under the new low is our SL . Good luck ..
There is high chance we may break the trend line since the support did hold and we have weakness in NZD and even more weakness if they have rate cuts. Once we break the trend line am expecting upward movement to the top of the...
Long from breakout, black line entry targeting 2.07245 then looking toward shorts, risk off on the long
Fundamentals:- The improved GDP from New Zealand last week really helped the downside in the GBP/NZD pair. Although the GDP figure was good it does not change the fact that CPI in NZ is still very low and the recent rate cut from the RBNZ brings into light the posibility of another in the next meeting. UK CPI is due out next week and expected to be better with a...
After the weaker than expected dairy auction yesturday and the UK being likely to raise interest rates in the near future I am expecting to see a correction on the recent drop. This does have a fairly large stop loss but it is also relative to the take profit but be aware of your lot size when placing the trade. learn 2 trade like a pro boafx.com