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  1. GBP/NZD Technical Analysis: bearish ranging within narrow s/r level

    by , 07-27-2016 at 02:28 AM
    GBP/NZD D1: bearish ranging within narrow levels. The price is located below Ichimoku cloud in the bearish area of the chart for the ranging within the following key support/resistance levels:

    • 1.7995 support level located below Ichimoku cloud and Senkou Span line in the bearish area, and
    • 1.9048 resistance level located below Ichimoku cloud in the beginning of the bear market rally to be started.

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    If the price breaks 1.7995 support level ...
  2. GBP/NZD Technical Analysis: bearish ranging near bullish reversal

    by , 05-05-2016 at 02:16 AM
    Daily price is on ranging bearish located near and below Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart. The price is trying to break symmetric triangle pattern to above together with Senkou Span line for the bullish reversal of the price movement.

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    If the price breaks 2.1121 resistance level on close daily bar so the bullish reversal will be started.
    If the price ...