• Summary

    We are seeing a nice setup on GBPUSD and EURCAD as it is approaching resistance where we are expecting a drop below this level. GBPNZD reversed perfectly below our first resistance to hit our major support target: https://www.tradingview.com/chart/GBPNZD/7ywC9VuB-GBPNZD-approaching-resistance-potential-drop/

  • GBPNZD approaching resistance, potential drop!

    GBPNZD is approaching our first resistance at 1.9272 (horizontal pullback resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level to our major support at 1.9087 (horizontal pullback support, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs […]

  • GBPNZD approaching resistance, potential drop!

    GBPNZD is approaching our first resistance at 1.9421 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.1332 (61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance where we might see a drop in price. Trading CFDs […]

  • GBPNZD approaching support, potential bounce!

    GBPNZD is approaching our first support at 1.9333 (horizontal swing low support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where we might see a strong bounce above our support to our major resistance at 1.9568 (100% Fibonacci extension). Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on […]

  • GBPNZD approaching support, potential bounce!

    GBPNZD is approaching our first support level at 1.8613 (horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.8995 (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching support where we might see a corresponding […]

  • GBPNZD approaching resistance, potential drop!

    GBPNZD is approaching our first resistance at 1.9284 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.9184 (horizontal overlap support, 38.2% Fibonacci retracement). Stochastic (55,5,3) is approaching resistance where we might see a drop in price. […]

  • GBPNZD approaching support, potential bounce!

    GBPNZD is approaching our first support at 1.8739 (horizontal swing low support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement, ascending support’s channel) where a strong bounce might occur above this level pushing price up to our major resistance at 1.8982 (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching our support where we […]

  • GBPNZD approaching resistance, potential drop!

    GBPNZD is approaching our first resistance at 1.9234 (Horizontal swing high resistance, 100%, 61.8% fibonacci extension, 50% fiboancci retracement, Ascending channel’s resistance) and a strong drop might occur below this level pushing price down to our major support at 1.8851 (Horizontal swing low support, 38.2% fibonacci retracement, 100% fiboancci extension, ascending channel’s support). Stochastic (55, […]

  • GBPNZD approaching support, potential bounce!

    GBPNZD is approaching our first support at 1.9621 (horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 2.003 (horizontal swing high resistance, 50% Fibonacci extension). Stochastic (55,5,3) is approaching support and we might see a corresponding rise in […]

  • GBPNZD approaching support, potential bounce!

    GBPNZD is approaching our first support at 2.000 (horizontal pullback support, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 2.0198 (horizontal pullback resistance, 50% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is approaching support and we might see a corresponding […]