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Gbp-nzd

Don't miss the great sell opportunity in GBPNZDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (2.0371). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 48. Take Profits: TP1= @ 2.0023 TP2= @ 1.9620 TP3= @ 1.8937 SL: Break Above R2
Short
by ForecastCity
16
Don't miss the great sell opportunity in GBPNZDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (2.0371). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 48. Take Profits: TP1= @ 2.0023 TP2= @ 1.9620 TP3= @ 1.8937 SL: Break Above R2
Short
by ForecastCity
31
Daily Analysis on GBPNZD / Bullish Analysis by ThinkingAntsOkUse this chart as a guide to develop your view or to confirm your setup. Main items we can see on the chart: a) The price is inside an ascending channel (primary structure) b) Currently, the price is above a resistance zone (now working as support) c) On the Support Zone, we can see a Flag pattern (continuation structure) d) Now the price has broken the Flag pattern after the ABC structure was finished e) Our target for the bullish movement is the higher trendline of the ascending channel Share your view of the chart on the comments!
by ThinkingAntsOk
1
GBP/NZD - ShortFirst trade of the week, take profit hit. This was only a quick hourly trade for me, took after seeing a fakeout on this consolidation zone, failing to create a higher high and then waited until we found resistance at the top before playing it back down to the previous support level which it tapped perfect, as expected. Overall for GBPNZD, I do think we will break out of this zone over the week, expecting a big push to the downside, this confluences for a few other GBP pairs which makes this bias stronger. Before trading pairs, I always wait until we are ready for reversals on all of the currency pairs E.g. if I think GBPNZD is ready to short, I will check other GBP pairs to see if there is still more upside potential before taking the short on GBPNZD.
Short
by AaronSLuce
1
Don't miss the great sell opportunity in GBPNZDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (2.0485). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 2.0273 TP2= @ 1.9995 TP3= @ 1.9415 SL: Break Above R2
Short
by ForecastCity
22
Don't miss the great sell opportunity in GBPNZDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (2.0485). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 2.0273 TP2= @ 1.9995 TP3= @ 1.9415 SL: Break Above R2
Short
by ForecastCity
22