• 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 […]