#GBPNZD, A formidable modelIn the second pick, a Double top template was created so we recommended a sale, there was a decrease but it did not hold and gbpnzd returns to increase in strength.
The buying position will be with the trend.
We believe that gbpnzd is on the way to resistance at 2.0400 and then if there is indeed breaking then the next target will be very very high.
Gbpnzdbuy
GBPNZD approaching support, potential for a further rise!
GBPNZD approaching support at 1.99260 where it could potentially rise further to 2.05590.
*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 reversed from resistance, potential drop!
GBPNZD reversed off its resistance at 2.03165 where it could potentially drop further to 1.99262.
*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 1.99260 where it could potentially react off and up to 1st resistance at 2.05590.
*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, Signal with huge potentialTwo weeks ago a double top pattern was created in the weekly graph and indeed the pound fell by 130 pips, the declines did not hold and the bulls returned.
The recent increases accelerated after the resistance in 1.998 was breached.
A definite upward trend.
Target: 2.09 (a very distant but very realistic destination).
If gbpnzd drops below 2.0150 this signal is canceled!
GBPNZD BUYI'm going for a demand zone on the 1h at 1.9978. As you can see, there are two demand zones but I choose the second one because the first one was tested, even though I prefer it over the second one. There is a good chance that there were still buyers there and it will take off. I don't mind. I rather deal with a mediocre untested zone than a tested great zone. The Daily chart indicates that the pair is sideways and the weekly chart indicates it is low in the curve. Both the hourly demand zones are inside a Daily demand zone, which increases my confidence, along with the relative strength on the Daily that shows the GBP is still king as the strongest of the major currencies versus the NZD being the weakest of the group. My target isn't exactly an opposing supply zone but a resistance level.
GBPNZD reversed from resistance, potential drop!
GBPNZD reversed off its resistance at 2.03165 where it could potentially drop further to 1.99262.
*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 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 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 - BUY NowIt has a good support from 1.93474 and price is retracing from trend line after it crossed the fibo level of 0.618. And bottom bollinger band is so close to the candles as well.
Note: Trade at your own risk.
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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 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.