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Gbp-nzd

GBPNZD approaching resistance, potential drop!GBPNZD is approaching our first resistance at 1.9421 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.1332 (61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance where we might see a 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
1
GBPNZD: Buy opportunity on 1D.The pair is trading within a 1D Channel Up (RSI = 52.233, MACD = 0.004, Highs/Lows = 0.0000). The candle sequence is repetitive inside the pattern and that allows us to make the estimate that the price will rebound on that (inner) Higher Low (maybe a near double bottom) towards a new Higher High. TP1 = 1.9600, TP2 = 1.9800. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
GBPNZD Short Technical Analysis: (Same Exact Setup As GA) -Price broke below the MA aggressively -Broke below purple zone which was previously a strong floor and now retesting -Confluence between all three indicators Emotions: -I came into this setup a little late, I was eyeing this earlier in the morning and had it on my watch list but, I just saw this trade and am not getting to it pretty late. That is okay though because I am not rushing this trade. I have my limits set and if price comes back one more time I will be ready but if not at least the analysis was correct and validates that these setups are working. **Currently not in the trade as I was writing this and probably will not enter due to the volume of price being pushed down**
Education
by EsotericTrader
GBPNZD bounced off Support, Prepare For A BounceGBPNZD bounced off its support at 1.9291(100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback support) where price is expected to bounce up to its resistance at 1.9527 (horizontal swing high resistance, 100% Fibonacci extension). Stochastic (55, 5, 3) is testing its support where a corresponding bounce is expected. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
by Klimex
GBPNZD approaching support, potential bounce!GBPNZD is approaching our first support at 1.9289 (horizontal pullback support, 61.8%, fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 1.9486 (horizontal swing high resistance, 76.4% Fibonacci retracement). Stochastic (89,5,3) is also approaching our support where we might see a bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets
GBPNZD approaching support, potential bounce!GBPNZD is approaching our first support at 1.9333 (horizontal swing low support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where we might see a strong bounce above our support to our major resistance at 1.9568 (100% Fibonacci extension). Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
GBP/NZD 200-DMA breakout, long dips, target 1.9425GBP/NZD has shown a breakout at 200-DMA, raising scope for further upside. The pair has broken major trendline resistance at 1.9125, bias bullish. Technical studies support upside. Next major bull target lies at 1.9426 (Jan 25 high) ahead of 61.8% Fib at 1.9574. We see weakness on retrace and close below 200-DMA. Support levels - 1.9250 (200-DMA), 1.9167 (5-DMA) Resistance levels - 1.9426 (Jan 25 high), 1.9574 (61.8% Fib) Good to go long on dips, SL: 1.9250, TP: 1.9425/ 1.95/ 1.9570
Long
by FxWirePro
SHORT GBPNZD approaching resistance, potential drop!GBPNZD is approaching our first resistance at 1.9511(100%Fibonacci extension, 61.8 Fibonacci retracement% , horizontal swing high resistance) where we might see a drop in price to our first support at 1.9297 (horizontal pullback support, 61.8% Fibonacci extension , 23.6% & 38.2%Fibonacci retracement ). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. 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: 1:3 Risk Reward SHORTGBP Uncertainty - Money flows to out the UK - Brexit deadline approaching, and Labour party looking for a second referendum - Investors see the GBP ask a risk currency in uncertain times. Smart money investors look to sell the GBP at the overpriced exchange rate. - GBP Quant scores showing a reading of -14, shifting from the previous -4. NZD Strength - IMF's latest release shows that Australia economy is on the rise. - New Zealand is closely associated with AUD, this encourages cashflow into NZD as investments are made from China. - NZD consumer spending showed growth, over 1.2% on the 24/02/2019. - NZD Quant score increased to 6. This is a slight strength on the economy but generally, consider this a neutral territory. Technicals: - Check image for technical analysis - Many price action factors lining up for a short Feel free to message me on where i get the quant scores as it helps my fundamental analysis.
Short
by Eren_Jaeger_Trader
5
GBPNZD 1:5 SHORT - Brexit Uncertainty?GBP WEAKNESS & UNCERTAINTY? - With Brexit deadline approaching, and socialist Labour party calling for a 2nd referendum - Investors will be wary of their GBP holdings. Descaling positions on the pound will be a likely event in coming future, so an earlier shorting opportunity may be present here. - GBP Quant scores showing a reading of -14, shifting from the previous -4. NZD STRENGTH? - IMF's report on the Australia economy showing robust and resilient nature. As New Zealand is closely associated with AUD, this encourages cashflow into NZD. - NZD consumer spending showed positive growth, greater than expected by over 1.2% on the 24/02/2019. - NZD Quant score shows a solid reading of positive 6. This is a slight strength on the economy but generally, consider this a neutral territory. Technicals? - 4 hourly engulfing patterns alongside sell zones within a semi-appropriate head and shoulders gives a potential great timing for the trade. Trade entered already, waiting to approach an acceptable region to start scaling out. Message me if you want to understand want the quant scores to represent!
Short
by marcusraiyat
2
GBPNZD wedge and channel resistanceIt's moving against the resistance of the channel now and on the lower time frame it is moving in what looks te become a wedge. Also below that resistance on the left as well, so a good R/R play here. The rest of the things you can see on the right, was an educational post i showed in my channel, where i showed what a likely start of a trend change on that time frame would be like. I can't post them here, since i put the address from my channel into the chart (because a lot of other channels copy paste my material as if it's their own) and i am not allowed to post links to other website here on TV. It's worth the read, it's in 3 posts and scroll back up to the last 2 days. On the lower time frame there is a bull flag, so i would wait until that plays out or even better, seeing it fail.
by botje11
GBPNZD - WEEKLY SWING - 19. FEB. 2019WELCOME TO DACAPITAL-TRADING! GBPNZD FOREX BREAKDOWN 19 FEBRUARY 2019 1 HOUR Bullish movement and pullback towards our entry 4 HOUR Bearish waving market with a strong pullbacks now! DAILY Bearish Market with good short entrys now! LEVELS SELL GBPNZD ENTRY @ 1.89480 SL @ 1.91310 (190 Pips) TP @ 1.87300 (220 Pips) RR: 1.15, use 1/2 risk! IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
Short
by DACapitalTrading
3
GBPNZD approaching support, potential bounce! GBPNZD is approaching our first support level at 1.8613 (horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.8995 (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill