analysis for today 8 / 8 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.9866
Retracement (50%) 1.9877
retracement (61,8%) 1.9888
Extensions (61.8%) 1.9774
Extensions (100.0%) 1.9739
Extensions (138.2%) 1.9704
Extensions (161.8%) 1.9682
calculation based on a Fibonacci retracement then today I choose sell