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Gbp-nzd

CADJPY approaching resistance, potential reversal!CADJPY is approaching our first resistance at 85.06 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where a strong reversal might occur below this level pushing price down to our major support at 84.31 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding reversal 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 easyMarkets
GBP/NZD short setupGBP/NZD hits fresh 13-month lows at 1.83 handle, bias lower. Momentum with the bears. Price action has slipped below weekly cloud and rising volatility signals further drag lower. Markets largely ignored upbeat IHS Markit's Manufacturing PMI. Brexit uncertainty to keep any recovery attempts in the pound capped. The pair eyes next major support at 61.8% Fib retracement at 1.8143. Bearish invalidation only above 200-DMA. Good to stay short on upticks, target 1.8150
Short
by FxWirePro
GBP/NZD 1H Chart: Long-term channel in sightThe British Pound has been depreciating against the New Zealand Dollar since the beginning of October when the currency pair reversed from the upper boundary of a long-term ascending channel circa 2.0500. The general is expected to remain south. Technical indicators for the short term support bearish scenario. It is likely that the exchange rate aims for the lower channel line located near 1.9250. If given channel holds, a reversal north could occur and the pair could target the resistance cluster formed by a combination of the weekly and monthly PP, the Fibonacci 23.60% retracement, as well the weekly R1 in the 1.9733/1.9838 range.
by UnknownUnicorn890690
GBP/NZD short for 1.9085- Price action has slipped below 200-DMA and daily cloud - Breaks major trendline support at 1.9315 - Momentum studies bearish, RSI sharply lower - MACD supports downtrend and ADX is rising in support of the trend Data Watch: - UK employment data (Tue) - UK CPI inflation (Wed) - UK Retail Sales (Thur) Support levels - 1.9087 (88.6% Fib), 1.90, 1.8909 (June 5 low) Resistance levels - 1.9243 (78.6% Fib), 1.9304 (5-DMA), 1.9413 (200-DMA) Stay short on upticks, SL: 1.93, TP: 1.9087/ 1.90/ 1.89
Short
by FxWirePro
GBP/NZD LongSitting at weekly support. Looking at a possible Fibonacci pulback and breakout if price closes above daily trendline. I think the NZD needs to take a breath after a few weeks of strength giving the pound a chance to take over for a little while. Because of the bearish momentum, Stop is set tight and if the weekly level doesn't hold I am expecting a deep fallout for better bullish prices. -Solid black lines are weekly levels support/resistance (major) -Dotted black lines are daily levels support/resistance (minor) Membership signal blog and Ebooks: www.GratefulChartArtist.com
Long
by davistradingforex