Strong Trend Line Being BrokenIf Today's candle close below this trend line then we are good to go to 1.8120 But some correction is due.
Gbpnzdbuy
GBP/NZD Long to 1.90 or 1.8445 Comment Your ThoughtsAccording Mark McCormick, Global Head of FX Strategy at TD Securities, suggests to go long on GBP/NZD cross at current levels, targeting a move to 1.90 and a stop of 1.8445.
Key Quotes
“While all the G10 shows downside growth momentum, the USD, for its part, falls into the worst quadrant that shows dual deceleration. Even so, NZD takes top shop in terms of the overall worst ranking and GRMI doesn't help its ranking this week. We also expect a weak NZ CPI print that could catalyze NZD downside.”
“For GBP, while it has plenty of Brexit risks to manage, we note this week's event calendar offers smoother sailing. Furthermore, GBP checks a few boxes in the desirable (tactical) contrarian trade column, reflecting its weight in these baskets. It is also trading with a 2% discount to HFFV against the USD. When we calculate the cross NZD HFFV levels, GBPNZD is trading at a whopping 5.3% discount!”
GBPNZD - FOREX - 15. JULY. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
-
1 HOUR
Bearish price action and pressure.
4 HOUR
Break below previous lows and support zone of short/midterm long holders.
DAILY
Market structure at a strong support zone, expecting some bullish price action now!
-
FOREX SETUP
BUY GBPNZD
ENTRY @ 1.87160
SL @ 1.86370 (80 Pips)
TP @ 1.88500 (135 Pips)
RR: 1.70
Use 1% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBP/NZD : Sell After Retest Confirmation BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
GBPNZD BUY IDEALooking to buy GBPNZD from buy area, closing trade at target area (+50-80pips).
Please like, comment and subscribe!
Good luck traders!
GBPNZD Buy Intra day set upWe are at bullish hourly trendline, this little down trend might make one more low, I'm looking to buy at the bottom. This is just an idea for now, this may look completely different by the time news drops.
I really like that we retested a Point of control (red line) and the institutional players pushed this up.
I'm just going with the signals, which are saying "buy"
I put limit orders in for this because I will be asleep during the news.
GBP/NZD : Sell From Double TOP !!BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Grab Your Train Ticket Before Its Too Late [GBPNZD DAILY BUY]Look at that EMA/MA Curve crossing and heading up, its also bounced off the .382 Fib zone, this can be a very strong buy for a couple of days, for sure a great long scalp , trade wisely and not with emotion, understand direction and price action
GBPNZD - POSSIBLE BULL RUNFREE ANALYSIS ON GBPNZD. Possible bullish move about to unfold. BUY up
.
Word of the day:
“You can’t use up creativity. The more you use, the more you have.” – Maya Angelou
GBP/NZD buy signalsGBP/NZD, H4: Mirror level + Breakout of resistance zone + Convergence & Oversold on RSI(14)
GBPNZD - SELLERS FAKE - 14.05.2019DACAPITALTRADING V2.0:
WELCOME TO DACAPITAL TRADING, WE PROVIDE ANY KIND OF TECHNICAL AND FUNDAMENTAL ANALYSIS
FOR FOREX AND CRYPTO-CURRENCY MARKETS EVERY DAY!
-
1 HOUR
Bearish break below previous support level.
4 HOUR
Bullish waving market structure with several pullbacks.
DAILY
Strong bearish market last couple of days need a pullback to the upside.
DACapitalTrading V2.0
BUY GBPNZD
ENTRY @ 1.96370
SL @ 1.95130 (120 Pips)
TP @ 1.98470 (210 Pips)
RR: 1.70
Use half of normal Risk (0.5%)
(Remember to add a few pips to all levels - different Brokers!)
LEAVE US A LIKE AND COMMENT TO KEEP OUR CONTENT FOR FREE AND EVERYONE!
HAVE A GREAT WEEK
ALAN
ELLIOT WAVE: GBPNZD BEARS READY TO RESUMES A LONG-TERM DECLINEHi Traders,
The GBPNZD daily chart above revealed that the sell-off from the high at 2.0476 to the low at 1.8132 was an Elliot wave impulse structure, labelled 1-2-3-4-5. According to the theory, a three-wave correction in the opposite direction follows every impulse.
.
The retracement after the impulse unfolded as a W-X-Y double three corrective structure with a simple zigzag in wave W & X, and double zigzag in wave Y. If this count is correct, the 5-3 wave cycle seems complete. The theory states that we can now expect the larger trend to resume in the direction of the impulsive sequence.
.
Besides, wave (2) has already entered 78.6% Fibonacci levels, where second waves often terminate. Wave Y also equal wave W at the same level, typical relationship for a double zigzag. And last but not least, there is also a bearish rejection candle at the key resistance level.
.
Wave (3) decline should easily move the prices below the low of wave (1) in the months ahead. A break below the blue ascending trendline will further confirm the bearish idea.
.
Thanks for reading!
Veejahbee.
GBP/NZD: Buy and Sell after Confirmation !!BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
GBPNZD GOING TO 1.9550?Good set presented here,after a long weekly range where price were respectin for multipel days the 1.9435 resistence inside the wedge pattern so right now seems like we finally we have a break of this resistence showing a strong buyers preassure but before placing a long position i woudl wait for a multiple 4h clsoe abvoe the mentioned level or to fully confirm it a daily close
GBPNZD 4H CHANNEL! MAJOR ALERT!Price of GBPNZD has currently been travelling in an ascending channel. There is a minor support trendline marked out in a thinner black line inside the the channel. Price just recently broke below this line indicating a drop down to the bottom of the major channel like it previously has.
We sent this trade out to our FREE signal members on the entry of the chart! TALK ABOUT SWING TRADING!
GBPNZD LONG very nice 4hr bullish flag is forming on GN, we can take a risk taking entry on bottom and look for the continuation! if price break aggressive down then we dont have any buy set up! trade with care!
GBP/NZD: Strong sell BreakDown Confirm !!BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
GBPNZD 50% of Large Demand candleConfirmations for trade:
The market will always give back 50% of a large candle.
Looking to take the market to extension levels
Wick rejections at fib levels for entry confirmation
