FX:GBPNZD   British Pound / New Zealand Dollar
GBPNZD has been following this navy blue Schiff Median Lines' set. Lately fell out of it, but the odds seem to be with the buyers. It may go up, but there's strong resistance up ahead at 1.9755, so I wouldn't be surprised to see it fail to reach the lower MLH and stall at that resistance level . If failed though, another leg down may form.

-----------
Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice.

Comments

this pair resit. is at 2.1000 area thats the new target,rnbz will tighten so gbp/nzd will make new highs from the drop of 2.0400 area to low lows sits at 1.9340 rnbz from interest rates rise buddy
+1 Reply
Thank you. I'm looking forward to it.
Reply
hi force, is the kiwi start declining now? what u think about this pair for now n past 30 mins ago as it struggle to pass 0.879. But it seems that decline has start effective as Kiwi has nothing to sustain it.
+1 Reply
Hi, GohSam, the kiwi is still strong, but it's getting weaker esp. vs. the aussie (but probably soon also vs. the loonie and the sterling). However, vs. USD it's a different story. Why? Because currently the greenback is the weakest currency (even weaker than the euro) and the pair NZDUSD (NU) is - by my standards - in an up trend. So, even though I do expect some further weakening of the NZD, you might sooner see EURNZD (EN) go up than NZDUSD go down (By the way, compare the recent price action on H4 of these two pairs and notice a horizontal range in EN vs. an up trend in NU).
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out