According Mark McCormick, Global Head of FX Strategy at TD Securities, suggests to go long on GBP/NZD cross at current levels, targeting a move to 1.90 and a stop of 1.8445.
Key Quotes
“While all the G10 shows downside growth momentum, the USD, for its part, falls into the worst quadrant that shows dual deceleration. Even so, NZD takes top shop in terms of the...
BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
We will be looking for price to re-test 1.90640 and from this resistance zone, we may potentially see price move bearish again towards 1.83785 ( green line) . Stop loss is marked at 1.94087
*Bear model.
*Serious support was broken at 1.9034 which led to large declines.
*The above is daily, the weekly and monthly graphs support the bearish model.
*The GBP / USD is very bearish against the model of NZDUSD which is bullish.
Target: 1.8480
We are in the process of breaking support and intensifying declines.
According to Stochastic, there is still a place for future declines.
The beginning of a red Ichimoku cloud that warns against changing the trend.
Target 1.8920
BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Looking to sell GBPNZD from sell area. Waiting for exhaustion candle. Close trade at the target area (+30-50pips).
Please note If there is no sign of reversal from candle price action then I will not enter.
Price have broken down B leg of ABC correction for a potential 1000 over pips opportunity.
Current entry price also shows a nice 1:2 risk and reward ratio.
FREE ANALYSIS ON GBPNZD. Possible bullish move about to unfold. BUY up
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Word of the day:
“You can’t use up creativity. The more you use, the more you have.” – Maya Angelou
GBPNZD has printed a bearish rejection candle. There seems to be a slowdown in volatility. If price can break this trend line and retest it we will see price take back down to the previous low at 1.84000. If price continues its bullish momentum, price can potentially push up into the next zone between 1.97000- 1.98000.
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