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Gbp_nzd

GBPNZD multi-timeframe analysis using elliot wave theory part 1this is my view of this pair i only analyse gbpnzd wich is a cross pair of gbpusd and nzdusd. I see this pair making the wave C : - wave1 wave2 wave3 wave4 are completed - wave5 is forming and have already completed it's wave1 wave2 wave3 wave4 notice : i'm not a financial adviser i don't have anything to sell ( signal - education- etc..) I only post my ideas to force myself to be good and learn from anybody who want to engage in a constructive discussion please if you see anything wrong in my analysis, let me know thank you
by ninodelsol
GBP/NZD SHORT (4hr)Hi all, Looking for a short when price returns to the overhead trend line. My short term bias on this pair in bearish due to the fact we are now quickly approaching January 31st and uncertainty around the short-term outlook for the pound increases in light of Brexit - therefore I believe the fundamentals are in favour of this trade. We have further confluence added by the moving averages seen on the chart which support a short. Although it is clear that price is being increasinly constrained between the 2 TLs there is still potential to take some pips before breakout occurs. Our first target is the daily trend line (denoted by the first red arrow) and the purple zone (denoted by the 2nd red arrow) Let me know what you think? Please undertake your own analysis before taking any trades as this is just an idea.
Short
by PhantomForex
Trade of the Year, With Profit Targets Above 6000 Pips !!!This currency pair has been correcting for a very long time and now showing signs of exhaustion: Divergence Inverted Hammer Significant Support Area Trend Line Support 200 Weekly MA MACD is loosing momentum also there is bullish divergence. Inverted hammer on weekly chart. Approaching the 200 Weekly MA and trend line support. So my suggestion is entry around 2.0600-2.0300 area with big Stop Loss but a greater Profit Target. Entry: 2.0600-2.0300 Stop Loss: 2.0000 Take Profit 1: 2.5350 Take Profit 2: 2.6647 Risk/Reward: Approximately 1:10 Good Luck, and Happy Trading
Long
by KPeykov
1
GBP/NZD expecting a breakout soon!! LONG SETUP!Will be watching this extremely closely, Reasons for breakout: a) we have a strong previous rejection at the 61.8% fibo level. b) prices have retested that area last week and rebounded strongly. c) MACD divergence in play d) with the poor NZD news yesterday, i expect NZD to fall even more to retest recent lows near 0.63 level A breakout and close above the trendline will certify that the pair is ready for a break upwards. Remember to give a thumbs up and follow if you agree!
Long
by mywc
1
GBP/NZD Bullish King’s Crown FormationFor the past 2 weeks we've seen the price of GBP/NZD retrace to 61.8% level. But the price still keeps making Higher Highs and Lower Lows. MACD turns up. This is Bullish Crown Formation for turning the mid term from bearish to bullish (resuming to the bullish long term). Now is the perfect moment to get in a Trade. Buy: at 2.2900 (61.8% fib retracement level) Stop Loss: 2.2400 (Below the Swing Low, if price brake that level trade invalidation) Target: 2.5200 (127.2% fib extension level)
Long
by KPeykov
1
Nice setup for a Short in GbpNzdI think I have found an interesting setup on the 4 hour chart in GbpNzd for a short position Price is currently right below 100 Simple moving Average and just below 38.2% Fibonacci retracement level of last move down these combined resistance levels should hold the price below, and pair is already bearish being below daily trendline and a top seems in place daily-weekly I have put my stopp loss just above 50% fibonacci retracement at 1.3604 / just to be sure My take profit is the 61.8% fibonacci expansion level of last move and is jus above 1.32 // I plan to TP just above this possible target
Short
by AdamFx42
1
GBP/NZD may fall back to 2.27 with negative divergenceThe GBP/NZD cross has staged an impressive 12-week rally, the second half of which has mostly been through selling pressure on the NZD following the RBNZ's recent rate cut decision. The daily chart is currently suggesting a downside risk as the RSI is starting to form a negative divergence. This divergence still has to be confirmed, and a daily close below 2.218 today would increase significantly the likelihood of such a confirmation. If this divergence is indeed validated, prices should fall back to around 2.27 by early next week. It's imperitive that the GBP/NZD breaks below 2.31 in the next 2-3 days for this divergence to really allow traders to remain against the overall trend here. I wouldn't be keen on holding shorts if prices don't break below this level fast enough.
Short
by ABRAK75
8
RAISE THE FLAG - GBP/NZDConsolidation over the last couple of weeks, after an impressive breakout from the previous trend, appears to have created a tidy flag formation within a neat channel. Price is now intercepting the meeting point of the 50EMA and the Support at the bottom of the Channel. This is the third time price appears to be reacting to this support and a reversal Candlestick here would signal a great long entry to the upside of the Channel. This level is also right above the 0.382 Fib Retracement level so a low test on the Channel, 50EMA and through the 0.382 level would really kick off the bullish movement with a future Bullish trend continuation breakout to retest the 2.1000 resistance level being likely. Correlation with the GBP/USD also shows promising long potential as highlighted in the linked post -
Long
by ForexVader
2