UPDATE on GBPNZDThis is an update on the GBPNZD because of Brexit. previous idea didn't play out..non the less we continue to forecast as it created a rising wedge and if the 3rd touch confirms we go short..for those that trade support and resistance..there's a clear indication that previous high or resistance level is in play as well..happy trading..secure the bag
Gbpnzdsell
GBPNZD approaching resistance, look out for potential reversal!
GBPNZD is approaching its resistance at 2.03294 where it is could reverse down to its support at 2.01334.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
GBPNZD bounced from support, potential for a further rise!
GBPNZD bounced off 1.99812 where it could potentially rise further to 2.03780.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Video Analysis of GBPNZD 14.10.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 2.0030
• Take Profit Level: 2.0200 (170 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.9880
• Take Profit Level: 1.9840 (40 pips)
USDJPY
A possible long position at the breakout of the level 108.60
GOLD
A possible short position in the breakdown of the level 1483.00
USDCHF
A possible long position at the breakout of the level 0.9990
EURUSD
A possible long position at the breakout of the level 1.1035
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GBPNZD SELLGBPNZD SELL
@1.99635
SL @2.00201
TP @1.99102
TP @1.98701
TP @1.98202
Traders! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
LINK IN BIO!!
**Disclaimer**
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Thank you for your support!
AkilajFX
GBPNZD bounced from support, potential for a further rise!
GBPNZD bounced off 1.96170 where it could potentially rise further to 2.03780.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
GBPNZD bounced from support, potential for a further rise!
GBPNZD bounced off 1.93178 where it could potentially rise further to 2.00037.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
GBPNZD to reverse from downside confirmation, potential drop!
GBPNZD to reverse from its downside confirmation at 1.93799 where it could potentially drop further to 1.89270.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
GBPNZD to reverse from downside confirmation, potential drop!
GBPNZD to reverse from its downside confirmation at 1.93462 where it could potentially drop further to 1.89270.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
GBPNZD - Sell NowGBPNZD is formed a double top in Daily and weekly chart which is showing us a bearish movement. Middle bollinger band is working as a resistance and 50 Ema crossing the middle bollinger band is also confirming us GBPNZD is bearish.
TP's and SL is up to you.
Note: Trade at your own risk and this is not involved with any fundamentals.
Like and comment on us. Share your ideas.
turningpointfx.com
GBPNZD to reverse from downside confirmation, potential drop!
GBPNZD to reverse from its downside confirmation at 1.93423 where it could potentially drop further to 1.89270.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
GBPNZD approaching support, potential for a bounce!
GBPNZD is expected to drop to 1st support at 1.92548 where it could potentially react off and up to 1st resistance at 1.97714.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPNZD approaching support, potential for a bounce!
GBPNZD is expected to drop to 1st support at 1.93006 where it could potentially react off and up to 1st resistance at 1.95833.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPNZD TO FALL AGAIN.. We have a potential short bearish set up heree.. price is currently trading between support and resistance zones and it's showing potential to re-test the marked point of resistance ( previous support) before falling again. SL has been marked and red price level with risk to reward ratio at 1:2.
Happy trading all !!
GBPNZD approaching support, potential for a bounce!
GBPNZD is expected to drop to 1st support at 1.94563 where it could potentially react off and up to 1st resistance at 1.96961.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPNZD #Forex #ForexTrader #ForexTrading #ForexChartAlthough on a larger scale GBPNZD is technically in an uptrend its at a nice daily supply zone @ 2.0000
I will be looking for shorting opportunities on the lower time frames
Any questions feel free to drop a comment or a message be happy to help
#PipGainFX