Get started

Gbpnzdsell

GBP/NZD 1H Chart: Channel DownGBP/NZD 1H Chart: Channel Down The British Pound is losing value against the New Zealand Dollar in a short-term descending channel that formed in result of a rebound from the monthly R1 at 1.7916 made by the exchange rate two weeks ago. In the first hours of Monday trading session the currency pair made a number of attempts to break to the top, but was stopped by a combination of the pattern’s upper trend-line and the 55-hour SMA, which is moving precisely along the channel. For this reason, the rate is expected to gradually slip to the bottom towards the updated monthly S1 at 1.7486. In addition, given that in the upcoming three days there will be no fundamental data releases, the pair should not make a premature breakout from the formation.
by UnknownUnicorn890690
Flag Pattern on GBPNZDHi 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, price fell and broke the trendline that has formed over the last hours. Therefore, i know bears came in and are now trying to create a new low. Selling order at the blue line, stops above the highs, targets as shown. If you have any question/idea, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
GBPNZD Bullish PotentialThe 4 hour time frame for GBPNZD shows a nice bounce back of the support level that created a new ascending trading range. possible targets are the next 2 resistance levels that could be hit within the next 3 days since its the 4 hour time frame. Now when you go to the daily and weekly time frame you will even see a possible target of at least 1.88 long term. next 2 weeks up to 3 months. So on the short AND long term GBPNZD will be a nice buy to hold or to add buys on the dips. I prefer starting with a small position and adding more every 80 pips it goes up while maintaining a 60 pip stop loss that moves up a long the trend up.
Long
by JoshFX1
2
What's next for the British Pound?On several British Pound Forex pair, an ascending trend line on the daily time frame is on play. With them approaching the bottom of the bottom, are they to bounce or are they to break? In GBPNZD, we can see the it is consolidating at the bottom of the ascending trend line (possibly poised for a retest of the broken weekly descending trend line) which made it form a double bottom. However, if you look at the behavior of this Forex pair, it consolidates above a support (boxed) before descending strongly... did it twice. Watch for a signal to go long or short!
by bearvsbullmarket
Shorting Pound against NZD!Hey guys, this is the 4hr chart on GBPNZD. The yellow box i've drawn comes from the daily timeframe and it represents the structure zone that i'm paying attention to. Now, as soon as price entered the zone it found immediately some troubles breaking through, and you can say that simply by looking at the wicks. Actually, it has formed a nice double top, with RSI divergence in overbought condition. The pinbar followed by a red candle is a good sign of reversal. Stops above the highs, targets as illustrated above. Let's see how it plays out. If you want to ask questions or share your view, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
4
Short on Pound/NZD!Hey guys, this is the 4hr chart on GBPNZD. The yellow box i've drawn comes from the daily timeframe and it represents the structure zone that i'm paying attention to. Now, as soon as price entered the zone it found immediately some troubles breaking through, and you can say that simply by looking at the wicks. Actually, it has formed a nice double top, with RSI divergence in overbought condition. The pinbar followed by a red candle is a good sign of reversal. Stops above the highs, targets as illustrated above. Let's see how it plays out. If you want to ask questions or share your view, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Bat formation ready to complete!Hi guys, today i want to share with you a simple harmonic pattern that's about to complete on GBPNZD. I'm really interested in this formation for it's completing right at a structure level that i've drawn on the daily chart and so we have an additional confirmation. Stops above X, targets as usual for harmonic patterns. If you want to share your thoughts or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
GBPNZD - waiting for setup - SHORTShort description: Attached 2 charts. Left with wide W1 view and right zoomed to D1 TF (big yellow circle). At 3MN TF we have trend down, now price come back to retest near Supply Zone. At D1 TF great move (3 MOMO candles), price create clear and working D1 Demand Zone. At W1 TF we also have D1 Demand Zone (my TP?). I will waiting for price at W1 Supply Zone (RED ARROW) to search opportunity SHORT. At this ZONE we have two D1 Zone where price may fall down. If I have opportunity for long at lower TF I'll trading them ;) Good luck, and as I always say: be patience :)
Short
by loogaroo
2