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Gbp-nzd

GBPNZD approaching resistance, potential drop!GBPNZD is approaching our first resistance at 1.8837(50% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback resistance) where we might see a drop in price to our first support at 1.8688 (61.8% Fibonacci extension ,horizontal swing low support ). Stochastic (21,5,3) 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
Potential Short on GBPNZDObserving 4H, Daily and Weekly chart, we can see bearish momentum. There are 2 ways to look at this current price formation. Firstly, it is in an upward channel, touching the lower bound and looking to breakdown of it. (Indicated by green lines) Secondly, you can see it as a H&S pattern, where price is currently at the neckline. (Indicated by yellow line) Targets are marked at S&R levels, with TP 1 @ 1.87250, TP 2 @ 1.86240 and Extended TP @ 1.84000. Following a H&S target measurement (distance from head to neckline), melting down towards Ext. TP is possible. After a breakdown, there is possibility of a pullback to either the neckline or the lower bound of the upward channel. At that point, it would be important to observe price action to decide on any addition of positions OR an entry.
Short
by TraderMozo
GBPNZD Reversed Off Resistance, Prepare For Further DropGBPNZD reversed off its resistance at 1.9008 (100% Fibonacci extension ,38.2% Fibonacci retracement , horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 0.8764 (61.8% fibonacci extension ,horizontal swing low support). Ichimoku cloud is also showing bearish cloud where a corresponding drop 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 approaching resistance, potential drop! GBPNZD is approaching our first resistance at 1.9284 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.9184 (horizontal overlap support, 38.2% Fibonacci retracement). Stochastic (55,5,3) is 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
GBPNZD LongThe sentiment of GBPNZD currency pair is UP SWING. Recent swing is moving UP from lower band to middle band. The previous swing of GBPNZD currency pair was DOWN and had no volatility movement, so supply is decreasing. As market direction the sentiment has turned to positive while the buying pressure overcomes the selling pressure. The execution of buying price at 1.88390. The first price target is estimated 100.0% at 1.88780. The second price target is estimated 200.0% at 1.89170. The escaping of price is estimated 100% at 1.88000. Enjoy our more service: Create your Neteller account using our link tinyurl.com and get Free Verification Deposit and Lifetime Support.
Long
by UnknownUnicorn3368063
GBP/NZD capped at cloud, stay short on upticksGBP/NZD hits new 3-week lows below 21-EMA support, bias bearish. Stochs and RSI are sharply lower and MACD is on verge of a bearish crossover on signal line. Price action has been rejected at daily cloud, dip till lower Bollinger Band at 1.8435 likely. Support levels - 1.8677 (4H 200 SMA), 1.8625 (Nov 16 low), 1.8435 (Lower BB) Resistance levels - 1.8792 (21-EMA), 1.8833 (5-DMA), 1.8927 (55-EMA) Good to stay short on upticks, SL: 1.88, TP: 1.8675/ 1.8625/ 1.85
Short
by FxWirePro
GBPNZD approaching support, potential bounce! GBPNZD is approaching our first support at 1.8739 (horizontal swing low support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement, ascending support’s channel) where a strong bounce might occur above this level pushing price up to our major resistance at 1.8982 (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching our 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
GBPNZD approaching support, potential bounce!GBPNZD is approaching our first support at 1.8746 (horizontal swing low support, 61.8% fibonacci extension, 38.2% fibonacci retracement, ascending channel’s support) where a strong bounce might occur pushing price up to our major resistance at 1.8977 (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic (89,5,3) 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 easyMarkets