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Gbp-nzd

GBP/NZD short setupGBP/NZD pauses at major trendline support at 1.8925. Price action is below daily cloud and technical studies are bearish. Further, bearish RSI divergence adds to bearish bias. Break below 1.8925 raises scope for test of 200-DMA at 1.8549. Violation at 200-DMA could see further weakness. On the flipside, 20-DMA is strong resistance at 1.9050. Breakout above daily cloud invalidates bearish bias. Support levels - 1.8925 (trendline support), 1.8785 (Nov 9 low), 1.8614 (Jan 12 low), 1.8549 (200-DMA) Resistance levels - 1.9019 (5-DMA), 1.9050 (20-DMA), 1.9136 (cloud top) Good to go short on break below 1.8925, SL: 1.9050, TP: 1.8785/ 1.87/ 1.8615/ 1.8550.
Short
by FxWirePro
GBP/NZD Daily Update (28/2/18)Those that has the long trade could start to look to take profit. Price has reached my initial target zone. Otherwise, you could wait for an opposite candle to shows up. We are up about 160pips + from the support zone. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. SonicR Mastery team is not responsible for any liabilities arising from the result of your market involvement or individual trade activities
by sonicrmastery
GBP/NZD Daily Update (26/2/18)Will be expecting more upside to this pair. After 8 days of "Fighting" at the support, bull wins the battle. So long as 1.9 holds, we could see price reach the resistance at 1.93 Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. SonicR Mastery team is not responsible for any liabilities arising from the result of your market involvement or individual trade activities
Long
by sonicrmastery
GBP/NZD Daily Update (5/2/18)Resistance zone - 1.947 Short term wise, we are still bearish. next support - 1.904 Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. SonicR Mastery team is not responsible for any liabilities arising from the result of your market involvement or individual trade activities
Short
by sonicrmastery
GBP/NZD breaches channelAfter reaching a 1.5-year high of 1.9830 on December 1, 2017, the Pound started to edge lower against the New Zealand Dollar and thus formed a channel down. The latest test of its bottom boundary occurred mid-January as a result of which the pair started to appreciate steadily. However, the strong hourly surge which occurred on January 24 pushed the rate above the upper channel line and towards 1.95. As apparent on the chart, the Pound has been reluctant to pass the 1.9450 area during the previous trading sessions. However, it is expected that the pair eventually accelerates and approaches the aforementioned 1.98 level, as it is currently reinforced by the 55- and 100-hour SMAs and the monthly PP circa 1.92.
Long
by UnknownUnicorn890690
1
GBP/NZD Daily Update (15/1/17)Support at 1.88 Structure is pretty bullish waiting for long at support. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. SonicR Mastery team is not responsible for any liabilities arising from the result of your market involvement or individual trade activities
Long
by sonicrmastery
Gbp Nzd short -falling Highs -confirmed falling Trendline -confirmed rising trendline as a possible entry trigger for a short I look to enter a short trade after a nice bearish candle breaking and closing below the small rising trendline Alternative i would consider a long entry after a valid break n close above the bigger falling trendline ( for extra confirmation i like to see a break of the 200ma as well) We have 2 "if then" scenarios here lets see what next week will present us and if we can get an entry.
Short
by Trueman23
GBP/NZD Update (17/1/17)1.925 Resistance zone. Still have more upwards movement to go. Patience is the key, too late to long, too early to short. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. SonicR Mastery team is not responsible for any liabilities arising from the result of your market involvement or individual trade activities
Short
by sonicrmastery
GBP/NZD 4H Chart: Breaks junior patternThe Pound has recently ended trading in the junior channel down pattern on the four hourly chart pattern against the New Zealand Dollar. The move was expected due to the fact that the currency pair had touched the lower trend line of a highly speculative medium term channel pattern. The dominant channel is considered speculative, as its trend lines are mildly confirmed. In regards to the medium term future, the pair should form a new junior pattern, which should be an ascending one. However, before that the pair would face a strong resistance cluster near the 1.91 mark.
by UnknownUnicorn890690
1