The FX:GBPNZD has been working for a while to break out of this consolidation pattern that it has been in. Getting a solid close above this resistance zone could lead to a move to the recent highs. Of course, Brexit woes play in to this and so it is not recommended to put much leverage on any GBP related currency pair at this time. With a very small trade size,...
How would I move price if i was a market marker?
I want to see price run higher and raid protective stops resting above the weekly breaker 1.95820 level. Notice how many attempts market push through weekly breaker. This is area of obvious resistance, i suspect a cluster of stops resting above this level.
Manipulation Phase: If i was a market marker, i would...
On the daily chart of GBPNZD, the price has been moving in a corrective WXY phase after the 1-5 bearish impulse, which might be over as a reversal price action signal "Outside bar" was formed on the April 17th while reaching 61.8 Fibo corrective level. Thus, if the price breaks the low level of the signal bar, it would be an optimal level to short. My trading...
Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept.
*Please hit the zoom-out button once*
(or more if you're feeling wild)
This may look like a mess, but the last few "bars" on the chart are holding some useful information!
I'm sure I'm not the...
Not much to say, according to this monthly analysis this pair is at key level.
If the the rate news helps we could see the start of a strong pullback/trendchange.
Be prepared to entry because this pair does not wait anybody.
Best regards.
Following the very strong impulsive selling in Q4 last year, which took the pair roughly 2300 pips lower in a couple of months, price has been pulling back correctively and is now closing in on the Long-term key resistance around 1.96-1.98.
This is still a waiting game for now. But the longer GBPNZD consolidates, the more appealing the breakout potential...
THE CABLE-KIWI PAIR IS TRYING TO BREAK THE ASCENDING TRIANGLE WHICH IS ALSO IN CONFLUENCE WITH THE 618 FIBO RESISTANCE. FAILURE TO BREAK WILL SEND THE PAIR BACK TO THE LOWER TRENDLINE OR THE 50 FIBO. EASY TRADE WHEN IT BREAKS THE HORIZONTAL TRENDLINE.
The GBPNZD Four hour time frame is in a large sideways movement. The market hit the top of resistance
and is starting to push bearish towards the future low price about +400 pips away. The market
is at a nice high price so I am going to turn to the one hour time frame and will look for a counter
trend line break bearish for entry. The one hour time frame shows a...
The British Pound vs. the New Zealand Dollar cross is one of the most volatile one among GBP pairs. The New Zealand Dollar is often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. But on the hand, the British Pound is one of the premier reserve currencies and represents the world's largest financial center.
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