GBPNZD 1H SHORT==> FIND THIS USEFUL?: LEAVE A LIKE AND FOLLOW
==> OTHER THOUGHTS?: COMMENT SO WE DISCUSS
Gbp-nzd
GBPNZD ShortGBPNZD looks to be making its way for a strong sell as price is heading down. There is still GBP news in the next few minutes to most likely push its way down.
TP1: 1.8732
TP2: 1.8700
TP3: 1.8681
GBPNZD 15 min Cloud BreakoutMonthly and Daily direction is Down
Have a Triple top on the 60 min TF (shown by Yellow line)
Have all elements of a cloud breakout
Entry = 1.8772
Stop = 1.8845
Risk = 74
PT = 1.8549
* May want to take some of your position off at the prior low of 1.8670
GBPNZD 15 Min Cloud BreakoutLooking to take advantage of yesterday's GBP bullish session
Monthly and Daily are bearish
Anticipating a move down to test the lows
Entry is 5 pips below the breakout candle at
1.8774
Stop =1.8818
Risk = 44 pips
PT = 1.8670
GBPNZD Weekly OutlookGBPNZD - price has breached ascending channel , looking for price to continue to the down side
EURJPY Bounced Off Support, Prepare For A Further RiseEURJPY bounced nicely off its support at 127.49 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 129.80 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is bounced off its support at 3.7% where a corresponding rise could occur.
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
CADCHF Approaching Support, Potential BounceCADCHF is approaching its support at 0.7588 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7636 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 2.5% where a corresponding bounce could occur.
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)
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GBPNZD Sell Signal GBPNZD has triggered a head and shoulders pattern.
In addition, price has just broken through a horizontal rectangle for a continuation trade. Clear structure to place stops above.
Target shown at the 1.89 area.
Please give this trade idea a THUMBS UP and I will keep you updated!
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
the euro fulfills a triangleThe euro approached the lower boundary of the channel and its breakdown turned out to be false. Further developments will of course be tied to the volatile news, which this week is enough. But at the moment it can be said that an unsuccessful test of the channel boundary will lead with a high probability to an attempt to rebound. With a high volatility, this will go into working out a triangle marked with green borders. Under low volatility, the gray-hill will slowly rise along the lower boundary of the triangle with attempts to break up. Today, on my channel, we have already taken a profit, we will continue at the same pace.
GBP/NZD - short break below 110-EMAThe pair is in a downtrend since 10th Oct after hitting multi-month highs of 2.047.
Price action is currently holding support at 110-EMA at 1.96, break below will see resumption of weakness.
Next major support lies at 61.8% Fib at 1.9505 ahead of 1.93 (major trendline support).
Rejection and bounce off 110-EMA eyes immediate resistance at 1.9761 (55-EMA) ahead of 1.9858 (21-EMA).
Support levels - 1.96 (110-EMA), 1.95 (61.8% Fib), 1.93 (trendline)
Resistance levels - 1.9695 (5-DMA), 1.9761 (55-EMA), 1.9857 (21-EMA)
Good to stay short on break below 110-EMA, SL: 1.9695, TP: 1.95/ 1.93
GBPNZD Approaching Support, Potential BounceGBPNZD is approaching its support at 1.9593 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.9881 (38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 3.7% and there may be bullish divergence with price, where a corresponding bounce could occur.
Inverted Hammer on dailyBullish reversal pattern at Kumo cloud support. Stochastics confirms the long position. Price trends in bullish market - above 200 EMA.
GBPNZD BUY ORDERExpectations of a Brexit deal remain high. price at an area of support we expect some upside. comment what you think.
GBPNZD approaching support, potential bounce! GBPNZD is approaching our first support at 1.9621 (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 2.003 (horizontal swing high resistance, 50% Fibonacci extension).
Stochastic (55,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
GBPNZD UPDATE...GBPNZD turned out to be a great market to be short in as the NZD strength intensified combined with negative GBP CPI data.
Looking at the technicals for continued downside the support we marked out on the previous chart should now become resistance and will be the ideal place for short opportunities. With the resistance sitting at a psychological number of 2.0000 also it adds to our confluence of shorting opportunities at this level.
USDCHF Testing Resistance, Potential ReversalUSDCHF is testing resistance at 0.9955 (78.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse to its support at 0.9862 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 98.6% where a corresponding reversal could occur.
GBPNZD Testing Support, Potential BounceGBPNZD is testing its support at 1.9990 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap support) where it could potentially bounce to its resistance at 2.0193 (100% Fibonacci extension, 50% Fibonacci retracement and horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 5.8% where a corresponding bounce could occur.
GBPNZD approaching support, potential bounce! GBPNZD is approaching our first support at 2.000 (horizontal pullback support, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 2.0198 (horizontal pullback resistance, 50% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (89,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
