The British Pound vs. the New Zealand Dollar cross is one of the most volatile one among GBP pairs. The New Zealand Dollar is often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. But on the hand, the British Pound is one of the premier reserve currencies and represents the world's largest financial center.
at least two violent rejection of the resistance line. since there is no support since the last flip of the pivot point price must push higher and create its support. looking for a clean break through the level, create space and retest the level.
will be blind on the bid.
News on presidential will be released tomorrow, and generally pessimistic prospect of NZD if Labour Party takes more positions in cabinet.
The pair has been consolidating within the channel for 2 weeks, may have chances to breakout and target to higher levels.
Price got support near 1.8370, target to 1.8700 and 1.9100 as extensions with bullish crossover of MACD.
Hi guys,
very simple setup: we can see a triple retest of the same level, that is a daily structure level. Every time the price reached that level it did with lesser and lesser strength: therefore i can go short, with stops above highs and targets as shown on the chart here. Remember to take a look at my videoanalysis (link down below) if you want more.
If you ...
From the chart, the price is now at the crossroads, it's also a prefect example for technical analysis.
It has already formed a bearlish bat from 2016.07-2016.05, and successfully reached the target price; Now, the D-point is converted to X point and form a bearlish bat again with the potential reversal zone made by 2.24BC and 0.886 XA.
There is also a ...
We expect GBPNZD correction. The GBPNZD exchange rate has slowed down. The distance traveled by the rising wave motion has halved. According to wave theory, in this case, we expect a double-size correction wave. This is also supported by the fact that the exchange rate movement currently carries fractal properties. If the strategy is correct, the downward ...
Hi guys,
here's a simple pattern technique that's very powerful if used correctly: a flag pattern. On GBPNZD we've recently created a new low, by breaking and closing below the black line. This make me want to short this market, and therefore the next potentially selling place would be the support that's been broken. In this case, as soon as we've touched it, ...
Hey guys,
this is a simple Gartley formation already completed on 1hr timeframe. Its D completion point lies on a daily structure level and that boost my confidence on the trade because i know this is an area of value also in higher timeframes. Being so, i'm taking a short with stops above highs and targets as displayed above.
If you want to ask questions, feel ...
Entering a currency pair that has been falling since Q3 2015 with retracement to the 1.9 Monthly level, followed by 3 successive months of falling my monthly bias was bearish.
WEEKLY: Looking at the weekly chart we can observe that price has fallen quite well from 2015 to 2016, bouncing off the 1.7 monthly level.
Price began to retrace and rally up towards the ...
Validated confluences
1.Support zone active since 7th of October showing strength
2.Weekly trend has been broken from this area
3.Profit margin 1:3
4.No resistance until 1.8000
5.Support zone engulfed/breached opposing resistance zone
This is the final 3,4,5 wave of the C wave of the larger B wave.
Good little Pip mover short on the hourly before the big C move Long. The ABC wave is wave 4 of the larger cycle which you can see on the daily. Thus after the C wave Long, there will be a big Wave 5 short.
I am expecting to see a huge bullish move on the GBP NZD to the 1.85 level. Broken through the 23.6 Fib Retracement from daily move from 5-12 Top of daily chart. Recent bullish daily candles has seen A break and retest of the 200 SMA moving average which will act as huge support on the swing trade. Crossover of 20 & 200 MA below current price indicates an upward ...
GBPNZD exceeded price expectation and into the upper price zone 17600-17620 @ 17660.
The impluse from 17330's to 17660's there will be a consolidation
Early to say whether it will be short/sharp or complex/long
Consolidation price zone: 17540-17460 or lower above 17330.
Below 17330 will validate lower price zones, however not necessary for the time.
I am looking to buy GBPNZD. The pound has lost in value recently due to the problems with brexit, elections, and terrorism in UK. But it now looks like there will be at least some correction in this trend. The detrend indicator shows bullish divergence
![GBPNZD: [the crossroads] Bearlish bat in GBP/NZD or triangle breakout](https://s3.tradingview.com/i/iyG5MfvQ_mid.png "[the crossroads] Bearlish bat in GBP/NZD or triangle breakout")
