Gbp/Nzd

[SA148P]

If nzdusd broke the 645 level then i will sell this pair more aggressivly because you should keep an eye on that is well other wise i think its going towards 2.24900 in short term

Well remembered, as long NZD keeps the bullish momentum and GBP the bearish (in relationship with each other), it's another confirmation!!!

2.4450 is currently holding strong resistance, a sell around this area with S/L above the u-turn area looks good.

[Tanveer333]

I think it's important to note that even though we are still in consolidation, we have made higher highs forming a pennant. I'm looking for a bullish breakout here in the near future. Long term target suggests. 2.6500. If we break the trend line and take out a previous low look for bears to take control back down to 2.3800

[Asif777]

Hi traders, this is my long term view to GBP/NZD.

This long term trendline started back in 2001 and every time the price approached it, it reacted bearish, also there is a new fib extension level off the monthly TF that's been hit last month, so this pair can be on a sideways movement and is currently finding resistance and support from 2.45-46 to 2.40 range zone.

I expect this pair to be in this consolidation zone until either break bullish or bearish, but since this pair is been on a rally for a long time, I'm more bearish until the 38.2 level off the monthly TF at 2.2853, does is sound surreal? Maybe yes, maybe not, but remember, all fibs level are been hit off the monthly, weekly and daily TFs and the previous resistance at around 2.2760 hasn't been tested yet.

This is just a guidance, trade what you see, not what you hear or read, if you think these analysis are incorrect, don't follow, share your thoughts as well, this pair is a beast and the spreads are large, my broker sometimes is 20 pips spread, but considering 400 pips range for a day, this is nothing, the most important for me is: Plan your trade and trade your plan and never risk money you can afford to lose. Always look for a good risk vs reward ratio.

Happy pips everyone.

[Hanif484]

for everybody that is complaining about spread.

you do realize you can just

long gbp usd
Short nzd usd

[Tanveer333]

If nzdusd broke the 645 level then i will sell this pair more aggressivly because you should keep an eye on that is well other wise i think its going towards 2.24900 in short term

Well remembered, as long NZD keeps the bullish momentum and GBP the bearish (in relationship with each other), it's another confirmation!!!

2.4450 is currently holding strong resistance, a sell around this area with S/L above the u-turn area looks good.

[Asif777]

Well if you lost so much money only on this pair, trust me, you need to reduce you lot size, how much % that means to your account? If this means more than 5%, you really need to review your risk vs reward ratio. I've been on your side and it's not fun.

Even if it goes to 2.46, I'll keep selling this pair, I'm up almost +900 pips for this month just by selling this pair, just look at the monthly and weekly TF, you'll see that this pair needs a correction to lower levels. I'm expecting this pair to fall more than 1000 pips in the long run before thinking about buying, any buys now could be momentary, plus selling this pair gives you a positive swap (if your accounts allows swaps), which is a bonus.

Trade this pair with caution, you must know what you're doing, otherwise you can get serious burnt.

Happy pips everyone

[Hanif484]

Really i've never faced bad luck or bad evaluation like what i every trade face in this serious and dangerous pair, the small movement for any candle will cause arround 30 pip
everytime i short or long even with the trend, i found the chart and candles go vice-versa in the same minut , i lost arround USD 2500 in real account because of this pair.
I expect this pair reach to 2.4600 in the next week.

[Tanveer333]

How's everyone doing on this pair? It has continued to fall toward consolidation support at 2.37. The GBP/AUD has continued it's fall towards 2.14! I have targets for both of these pairs at each of these levels

[Asif777]

3.00 and how will you get there. lets keep gbp/usd at 1.6, 1.65 and 1.7 and calculate that

gbp at 1.6, nzd at 0.53
gbp at 1.65, nzd at 0.55
gbp at 1.7, nzd at 0.56

scenario 3 is possible in case of nzd but not in case of gbp. scenario 1 is possible in case of gbp but abt nzd?? not sure bcoz rbnz may just do one more cut and stop there

[Hanif484]

you are trading for 5$ a pips on this pair??? this pair moves 500 pips in 2 hrs. crazy pair if you trade it. I am sure you have the experience to trade this. i am thinking of a sell as well but not so many lots