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the price is not able to move below the support at 1.9660 level and moving up side. this is making a pull up from the 1.9690 and break the resistance at the 1.9796 level but this not move above the 1.9842 level and again in the down trend direction. short this pair with the take profit at 1.9650
good luck
Great brittian pound was nuziland doller is at risky stage for trading at that time. Because nzd is at mixxed dituation to move up or move down. So no one can able to suggest that whats happend at next stage. So my oppionion is that to kept him away from it and doing trading freely
today's market technical over view for gbp/nzd
according to market technical analysis the market have buy trend
the market trend could remain in this position
expected resistance and support levels
market price ----------1.9776
1- Resistance level----------1.9893
2- Resistance level----------2.0082
3- Resistance level----------2.0199
1- Support level-------------1.9586
2- Support level-------------1.9470
3- Support level-------------1.9280
This pair gbp/nzd
Technical analysis of today is bullish.
Pivot Point. 1.9839
Current Price. 1.9787
Resistance level
1st. 1.9800
2nd. 1.9811
3rd. 1.9822
Supporting level
1st. 1.9777
2nd. 1.9760
3rd. 1.9745
The last sign manifest on the 1H chart of GBPNZD turn to be a bullish one as we can see the brain trend indicator brings up the up arrow printed below the price and the last key support level is located by the red line at 2.152 In another view the RSI indicator agrees with the downward trend as you can see it stays below the center level of 50 which in this case give us a two opposite signal to choose the buy orders and then it is better to wait for the short term trade till we get a confirmation from the RSI By the way the resistance which could be found at the price 2.1595 is a quite strong and the price may found some problems when it reaches it which make it a suitable place to exit the trade and waiting for the price action within this level.
GBP/NZD
As expected, the courts have failed on the upper limit of the range to JPY 135.5 then rally support for 132 . Despite lower shadows (wicks) under 132 , no fence is made below, which reinforces the veracity of this level and the fact that buyers are in this price area. In other words, as long as the recent lows at 131.25 will not be crossed, a return to the upper limit of the range is possible . Conversely exceeded the latter would lead the pair to its lowest annual
GBP/NZD is sell.
Resistance 1.9785
Resistance 1.9820
Resistance 1.9848
Support 1.9731
Support 1.9719
Support 1.9709
Pivotal Points: 1.9834
Resistance 3: 2.0272
Resistance 2: 2.0146
Resistance 1: 1.9960
Support 1: 1.9664
Support 2: 1.9522
Support 3: 1.9336
GBPNZD breaks 1st resistance level and going towards the 2nd resistance level. If 2nd resistance level breaks then next strong resistance level is 2.09710.
Pivot: 2.05256
Resistance levels
R1 2.06437
R2 2.07348
R3 2.08529
R4 2.09710
Support levels
S1 2.04345
S2 2.03164
S3 2.02253
S4 2.01342
Gbp/Nzd
analysis for today 12 / 17 / 2013
My daily trading,I hope the day is a success ...
GBP/NZD (Daily Trade)
Resistance : R1 1.9752 R2 1.9777 R3 1.9797 R4 1.9827
Support : S1 1.9674 S2 1.9649 S3 1.9629 S4 1.9599
Open : 1.9737
High : 1.9749
Low : 1.9677
Range : 72 Pips
Running Price : 1.9702
For intraday trade today suggest SELL at the level 1.9702 stop loss at the level 1.9752 target take profit at the level 1.9629 or at the level 1.9599