Using Market Correlation to Time The Entries

by elliottwave-forecast.com | January 10, 2020 4:08 pm
Last year turned out to be great for GBP crosses as they managed to put in strong rallies in favor of GBP since December 2018 lows or highs. In this article, we would concentrate on two of...

GBPNZD Forecasting The Rally After Elliott Wave Zig Zag Pattern

by elliottwave-forecast.com | September 23, 2019 9:57 pm
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GBPNZD, published in members. As our members know, GBPNZD recently corrected cycle from the  07/30 low. Pull...

GBPNZD : Buy the Dip Scenario

by elliottwave-forecast.com | January 10, 2019 8:52 pm
GBPNZD Technical Analysis January 8/2019 Bullish market patterns can be seen on the GBPNZD 4 hour chart. In the chart below there are possible bullish patterns that can trigger BUYS if the market makes another move lower....

GBPNZD Ascending Trend Line (Sep 21, 2017)

by Kate Curtis | September 21, 2017 4:08 am
GBPNZD has been trending higher and is moving above an ascending trend line connecting the latest lows of price action since August 22. Price has surged past the area of interest around 1.8200 and has found resistance...

GBPNZD Range Setup (Aug 22, 2017)

by Kate Curtis | August 22, 2017 3:08 am
GBPNZD has recently bounced off the top of its range at the 1.7900 major psychological level and is making its way to the bottom at 1.7400. If this holds as support, another bounce back to the resistance...

GBPNZD Ascending Triangle (Aug 15, 2017)

by Kate Curtis | August 15, 2017 3:27 am
GBPNZD has formed higher lows and found resistance around the 1.7900 major psychological level, creating an ascending triangle pattern on its 4-hour time frame. Price is still hovering around the triangle support near the 1.7750 mark, still...

GBPNZD Double Bottom (Aug 03, 2017)

by Kate Curtis | August 3, 2017 4:30 am
GBPNZD bounced a couple of times off the 1.7400 level, creating a double bottom pattern with a neckline at the 1.7850 minor psychological level. Price has yet to break past the resistance before confirming that a longer-term...

GBPNZD Countertrend Play (Jun 19, 2017)

by Kate Curtis | June 19, 2017 4:11 am
GBPNZD has just bounced off its descending channel resistance and is making its way towards support. If the bottom at the 1.7300 handle holds, price could make another test of resistance. Stochastic is already indicating oversold conditions,...

GBPNZD Channel Resistance (Jun 16, 2017)

by Kate Curtis | June 16, 2017 4:02 am
GBPNZD is trending lower but has just pulled up to the channel resistance around the 1.7750 minor psychological mark. If this area keeps gains in check, the pair could head back down to support at the 1.7200...

GBPNZD Retracement Setup (May 31, 2017)

by Kate Curtis | May 31, 2017 2:32 am
GBPNZD has sold off quite sharply recently but this dive could come to a halt as price nears an area of interest. Recall that the pair also broke past the neckline of a double bottom pattern, indicating...