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Gbp-nzd

GBPNZD - Clean channel, low risk/reward. Looks good.If my count is correct (12345), I believe we have a pretty clean long position here.. (Can a '12345 corrective' come immediately after an ABC? I'm only beginning to learn Elliot rules.) Channel looks good, take a long with a stop shortly below the 2 and 4 position, below the channel. I feel like if that doesn't hold there isn't much evidence for a long. About 300 pips move, if it makes it all the way! I'll be looking to exit around the median line to lock in profits.
Long
by DonjonCapital
GBPNZD approaching resistance, potential drop! GBPNZD is approaching our first resistance at 1.9272 (horizontal pullback resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level to our major support at 1.9087 (horizontal pullback support, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
GBPNZD 1:3 Risk Reward LONG (Waiting on confirmation)GBP - Brexit delay released some uncertainty for a deal in the UK and to organize the legal structure of companies - FOMC meetings in the US showed they are not going to raise rates causing investors to choose alternative securities to get better returns on investment - Daily/ 4HR support in sight, signs of buying already at hand. - STRONG fundamental scores in my system NZD - Latest GDP release suggesting economy is as forecast no unexpected growth - Since GDP is a lagging indicator in the economy likely to see some downturn as the true value is priced in GDP is Y = C + I + G + NX - C = Consumptions - I = Investments - G = Government expenditure - NX = Net Exports of Goods and Services
Long
by Eren_Jaeger_Trader
3
GBPNZD Approaching Resistance, Prepare For A Reversal GBPNZD is approaching its resistance at 1.6608 (61.8%Fibonacci extension, horizontal pullback resistance, 61.8% Fibonacci retracement ) where it is expected to reverse down to its support at 1.6552 ( 23.6% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its resistance where a corresponding reversal is expected. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Klimex
GBPNZD - Sun March 17This is a much longer term outlook on GBPNZD. As you can see on a DAILY time frame, price has been respecting the channel but in the past few weeks has been trying to breakout to the downside. Looking at things from a technical perspective, I see the downside pressure winning this tug of war and taking price to the 1.7500 region. Although, when you factor in the current state of affairs surrounding the Pound and Brexit... anything could happen. This is strictly my opinion and I am not qualified to give financial advice. Trade at your own risk. Happy trading :) ~TraderTrev
Short
by WillowKid