Posts

Chart of the Day – GBPNZD – (August 8th 2019)

A few days ago the GBPNZD came out of the downtrend, and we have successfully retested the channel breakout point at the 1.8700 level.

Chart of the Day – EURNZD – (August 6th 2019)

The EURNZD has squeezed higher as a result of risk aversion the last few sessions, but we have stalled at a downtrend line and the 88.6% Fibonacci extension ahead of the RBNZ rate decision today.

Chart of the Day – NZDCAD – (July 10th 2019)

The NZDCAD has a descending wedge into a 61.8% Fibonacci level. The Descending wedge already is a signal for a bullish reversal.

Chart of the Day -NZDUSD- (May 22nd 2019)

The NZDUSD has been following a steep downtrend line since March, and we are nearing the 88% retracement of the Sept 2018 lows to December 2018 highs and also the 127% extension of the December 2018 lows to 2019 highs.

Chart of the Day -EURNZD – (April 4th 2019)

One of our traders in our Forex Analytix community chat rooms (guyr) brought the EURNZD inverted head and shoulder’s pattern to our attention.

Chart of the Day -GBPNZD – (April 2nd 2019)

We are not sure if the upper end of the 1.9000-1.9550 channel will be broken, but it is a risk this time around as the GBP is starting to look constructive against other pairs as well.