Market slowing finding its way down with confirmation on Daily
Same as GA, looking for a similar sell as a day trade. I'm already in this floating about 100 pips in profit however it is still possible for this to wick up so be prepared for an entry where the purple box is. Watch for rejection around this zone. 280 PIP GAIN 13/1 RR
The GBPNZD is after the Double top effect and is back on the rise. The GBPNZD over 2 important average lines (100,200) The candles are placed over the Ichimoku cloud that accompanies the GBPNZD with a green cloud! The Stochastic in the ideal area that recommends buying. All these technical data indicate continued increases. Target: 2.0370
The GBPNZD is above the 200 moving average line which is a bullish sign. The Ichimoku cloud continues to be bullish on the pound. The recent declines were due to the pound's encounter with resistance at 2.03, but you can see very quickly the ups were coming back to the picture. Target: 2.09
GBP/NZD Head & Shoulder Pattern is confirmed!! Expecting price to drop to 1.988. Focus Time Frame: 4H/1H Market Condition 1D Short Term: Downtrend 1D Long Term: Uptrend
Looks like GBP/NZD is making a head & shoulder movement. We are waiting for price action to confirm. Focus Time Frame: 4H/1H Market Condition 1D Short Term: Downtrend 1D Long Term: Uptrend
In the second pick, a Double top template was created so we recommended a sale, there was a decrease but it did not hold and gbpnzd returns to increase in strength. The buying position will be with the trend. We believe that gbpnzd is on the way to resistance at 2.0400 and then if there is indeed breaking then the next target will be very very high.
An important Double Top pattern is created in the daily graph that usually causes pullback as you can see already started. According to Ichimoku, the upward trend will continue. Target: 1.9930
Two weeks ago a double top pattern was created in the weekly graph and indeed the pound fell by 130 pips, the declines did not hold and the bulls returned. The recent increases accelerated after the resistance in 1.998 was breached. A definite upward trend. Target: 2.09 (a very distant but very realistic destination). If gbpnzd drops below 2.0150 this signal is canceled!
Buying GBP/NZD looks like Inverse Head and Shoulders forming on Daily. Entry 1.9083 SL 1.8889 TP 1.9374
See chart for illustration Lower time frame speculation will be published soon as price action is been monitored
FREE ANALYSIS ON GBPNZD Welcome to SiriusTrading - 30 Min Chart Keep an eye out for the pair and this could be a Head and Shoulder formation. good position for sell. also watch out for break down. Support us with your likes and comments
Its a perfect breakout and entry time for weekly chart. You have to wait a bit long but will get good pips
I am Going to short it with TP 1.8200 and SL 1.8738 Trade at your own risk
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...