gbp/nzd

After a rebounced from the base line of tendency channel and shut above fibo 38.2 so i believe gbp/nzd is potential to make more correction which it can come to up to fibo 61.8 or 76.4. Furthermore, fibo 0.0 and fibo 100 as Support and opposition on D1 chart.

When trying to analyze the GBPNZD I can draw a bearish channel as you can see to narrow the market movement area between 2 trend lines Using the donchain channel you can see the price moving at the up edge of it then I can think about selling the price as long as no opposute signs appears on awesome oscillator Currently the awesome oscillator has a green bars which appears above the level of 0 which can be considered as a good buy signal Same on the stostatic indicator which show a sell signal by getting an down intersection between two lines near the 80 th level Till now bearish trend seems to be a stronger choise and by the way selling the pair targeting the low level of donchain channel is not bad idea

by viewing the GBPNZD chart of the day we conclude that week bullish trend happened due to the blade oscillator of value 0.0073 located above the balance level of the indicator which shows a blue signal to conclude a week indication that a bullish direction happen on the short run. By the way the moving average 5 on the chart giving us a UP indication then the bottom placed at price 2.0251 can be taken as a stop loss point for the buy orders given by the indicators that we deal with them.

After a rebounced from the base line of tendency channel and shut above fibo 38.2 so i believe gbp/nzd is potential to make more correction which it can come to up to fibo 61.8 or 76.4. Furthermore, fibo 0.0 and fibo 100 as Support and opposition on D1 chart.

by viewing the GBPNZD chart of the day we conclude that week bullish trend happened due to the blade oscillator of value 0.0033 located above the balance level of the indicator which shows a blue signal to conclude a week indication that a bullish direction happen on the short run. By the way the moving average 5 on the chart giving us a down indication then the bottom placed at price 2.0288 can be taken as a stop loss point for the buy orders given by the indicators that we deal with them.

After a rebounced from the base line of tendency channel and shut above fibo 38.2 so i believe gbp/nzd is potential to make more correction which it can come to up to fibo 61.8 or 76.4. Furthermore, fibo 0.0 and fibo 100 as Support and opposition on D1 chart.

Gbp/nzd analysis :

date : 10.21.14
time : 19:15 GMT
time frame : 15 min

current rate :2.0256
high : 2.0315
low : 2.0139
net change : -0.13%

overall trend : bullish

Gbp/nzd analysis :

date : 10.22.14
time : 04:00 GMT
time frame : 15 min

current rate : 2.0204
high : 2.0271
low : 2.0193
net change : -0.14%

overall trend : slightly Bearish.