Some of the big market makers started to speak about “overvalued” NZD.
The lack of progress in Brexit negotiations was a drag for the Sterling mid-week, but the news was quickly followed by headlines indicating that the EU could offer the UK a 2-year transitional deal, bringing some relief to speculators. The EU27 group will meet this upcoming day to discuss ...
GBPUSD shrugged off Moody’s sovereign debt downgrade on Friday and easily recoup3ed its losses. The direst threats to the currency from Brexit have faded, and the Bank of England may be ready to hike interest rates.
New Zealand’s election didn’t provide a clear winner. The next few weeks, the National and Labour parties will be negotiating with the New Zealand ...
After the sterlings huge bullish run last week, I anticipated in a previous analysis it would be aming for the major 1.9000 this week.
And now I think that wave might be up next. I'll wait for the price action to tell me to go long. Who knows, maybe a break of the CTL or poosibly a close above 1.8600 if I have to.
I will be aming at 1.8800-1.8860
Idea: Looks really short...but is it? Expecting price to bounce long at Daily R2 pivot 1.84200, further strength to Daily S1 pivot 1.86587. Looking for Fibonacci support on the way up.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you ...
GBPNZD just broke a major level after The Sterlings strong news week, and will probably see more upside the coming weeks due to the news about a rate hike coming up in the next couple of months.
After this daily candle close I might go long next week if the candle closes above, if not, I think we will see another candle close above at a later time.
But I feel ...
IDEA: Expecting support 1.805. Looking for resistance at 1.83285 @ Daily R2 pivot.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
Hi traders,
We had a very long range on the GBPNZD daily chart and we recently broke it. The arrow that is pointing on the last candle is the re-test candle, testing the previously broken area successfully.
I will open my trade on Monday and see where price will bring me :) On my first target, I will take out 50% of my profits EXCEPT price is showing strength. ...
