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Gbp-nzd

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
GBPNZD - WEEKLY SWING - 12. MAR. 2019WELCOME TO DACAPITAL-TRADING! GBPNZD FOREX BREAKDOWN 12 MAR 2019 1 HOUR Strong pullback towards our range resistance 4 HOUR Price could hold below our resistance and sl level DAILY Bearish market with pullbacks, good entrys now! LEVELS SELL GBPNZD ENTRY @ 1.93060 SL @ 1.94500 (145 Pips) TP @ 1.91400 (165 Pips) RR: 1.15, use half of normal 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
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