GBP/NZD
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Thread: GBP/NZD

  1. #1
    Super Moderator Hamster's Avatar
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    GBP/NZD

    Thread for GBP/NZD discussion - latest news, technical analysis, forecasts and opinions.
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  2. #2
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    GBP has resistances at the level of the 1.0036 , market bouncing back today , showing internet to break this level , stochastic stall and sm getting to cross it , if market bounce back in true way then we would see that selling , but if breakout then we can go love if market reach the level 2.0096

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    Market has a quite good and strong resistance at the level 2.0026 and market haven't succeed breaking it , whereas the cci is ready to go below the 0 zone showing it would call bears candles comes into the play , breaking of the 2.0026 call the buyers comes

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    market is in a almost like triangle pattern , but we can see that , market is giving the prices support by the trend line we can see that and if market ever breakout it then there is another support 1.9434 , but if goes below even below of that , no near support then more selling can be in act

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    we can see at the chart market has given the support by trend line and horizontal line to the level of the 1.9421 a very strong strength to giving the bulls , but currnetly candle showing more power for the bears , a side way market condition here , if market break below of this then after selling comes back

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    Market is wondering in zig zag around the 300 pips and couldn't able to show any clear direction , so here we have two condition if market succeed able to break resistsance the after immediate goal to reach 2.xxx and if market able t o break support after that market has no nearest support so heavy selling is expected

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    market given one test to the level 50 and then after coming back to the 38.2 and then 23.6 and trying to break it , if market really able to go break this level after that 0 fib level where market may can stall , since 0 fib also a very strong support area for pound !

  8. #8
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    price are taking bounce back ward towards the level 23.6 fib level , and hence after that less likely market would follow the bears pattern , since the pivots of 192 is a quite strong support for pound so more likely 38.2 or 50

  9. #9
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    price breached the 23.6 fib level and goes to the floor of the 0 fib level and bounce back , breakout it and then preceding candles comes back below the 23.6 fib level , giving respect to the fib patterns in good way , more likely 0 fib level well get test . controls of the bears here we have...

  10. #10
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    yesterday was full of selling and market breach the fib level without any good pattern , since stall and hover at 0 fib level and bounce back , so the correction till to the 23.6 ( pivot 1.9125) is expected .

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