Posts Tagged ‘GBPNZD Analysis’

GBPNZD is definitely the best currency pair/cross to trade today

Written by Raul Lopez on . Posted in Trades & Analysis

Want a clear trading opportunity today?

Look at the GBPNZD…

Every day I scan for the clearest trading opportunities out there, I look on both: short term and long term charts, and when they are aligned, bum! There is an opportunity.

A few weeks ago I wrote about the GBPNZD and its bullish condition on the long term charts, today is the turn of its short term charts:

As long as It trades above 1.9944 I’ll be looking for long opportunities.

Do you trade this one? Or would you rather trade one of the majors? Think about it, even when this one is that clear?

Share your thoughts!

Raul Lopez
Forex Course

email

Are you monitoring the GBPNZD? Check this out

Written by Raul Lopez on . Posted in Trades & Analysis

Take a look at its weekly chart:

I know, this is the weekly chart, and it is kind of complicated to use the weekly chart to take intraday trades.

But let me tell you something, the insights that you can get off both, the weekly and the daily charts can be invaluable.

For instance, after looking at these two charts, I know I’m going to be looking only for long opportunities on the GBPNZD until it reaches the next LT resistance level at 2.0481

What do you think?

Have a great week ahead!

Raul Lopez
Forex Training

GBPNZD – waiting for a range breakout

Written by Raul Lopez on . Posted in Trades & Analysis

Seems as if the market is waiting for tomorrow and Friday’s important announcements, most currency pairs are ranging around an important level. This is also the case for the GBPNZD:

My trading plan for the GBPNZD is as follows:

If it breaks the top of the range it will trigger a bullish condition, then I’ll start looking for short opportunities

If it breaks the bottom of the range it will trigger a bearish condition, and I’ll start looking for short opportunities.

Since it is not a well defined range I will no trade the short term range

Trade Safe!

Raul Lopez
Forex Course

I’m waiting for my short signal on GBPNZD

Written by Raul Lopez on . Posted in Trades & Analysis

Have you seen the GBPNZD daily chart? It’s quite clear that the market is trading in a bearish condition (likely to continue its way down), and we also got some downward pressure off the daily and weekly charts:

What is most interesting about the GBPNZD is that the next LT support level is at 1.8548, and it is currently trading at 1.9017, so it is trading more than 450 pips away. We can use those pips, wont we?

Trade Safe!

Raul Lopez
Forex Training
Follow me on Facebook

GBPNZD – Signal to go short

Written by Raul Lopez on . Posted in Trades & Analysis

Last week I tried to take a signal on the GBPNZD and GBPAUD but none of them where triggered, because when I placed my entry order, the market when up and closed above the highest high of the pattern that triggered my signal. But earlier this morning I got a new signal on the GBPNZD and this time it got triggered:

Here are the details of my trade:

Entry: 1.8624
SL: 1.8696
TP: 1.8395

All of you have a good week ahead!

Trade safe!

Raul Lopez
Forex Training

GBPAUD Order canceled, and opened a new one on GBPNZD

Written by Raul Lopez on . Posted in Trades & Analysis

The market closed above the highest high of the pattern that triggered the order, therefore it was canceled as mentioned on the previous post.

Be happy though, because there is another one on the GBPNZD. Both, the GBPAUD and GBPNZD are positively correlated, so it wouldnt be wise to open trades on both of them (you are most likely to get the same result on both, risking more than you initially planned). But the signal was triggered on both of them, so I decided to close the order on the GBPAUD and open a new one on the GBPNZD (which is still valid).

Here are the details of my order:

Entry stop: 1.8681

SL: 1.8751

TP: 1.8455

And again, if the market closes above the highest high of the pattern that triggered my order I will again cancel this one.

Trade Safe!

Raul Lopez

Forex Course

GBPNZD – Waiting for a breakout of the bottom of the range

Written by Raul Lopez on . Posted in Trades & Analysis

The GBPNZD is trading in a very clear bearish market condition (around historical lows) and I’d like to see it breaking the lower extreme of the range in order to start looking for short opportunities:

If it breaks the level down, I’ll keep looking for short opportunities as long as it keeps trading below the level.

Trade Safe!

Raul Lopez
Forex Course

GBPNZD – Trading at historical lows

Written by Raul Lopez on . Posted in Trades & Analysis

Its going to be complicated to open new trades since the non-farm payrolls is released tomorrow morning. But If I was to trade anything it would be one of the GBP crosses that are trading in a very clear bearish condition.

This is the case for the GBPNZD, it broke the bottom of the range earlier today, and right now it is trading in a clear condition…

As long as it trades below 1.9283 I’ll be looking for short opportunities.

Trade Safe!

Raul Lopez
Free Trading Room

GBPNZD – Clearest pair today

Written by Raul Lopez on . Posted in Trades & Analysis

Probably the best thing to do today (and tomorrow) would be to stay on the sidelines because of the uncertainty with Greece rollover plan. And that is exactly what I’m going to do, wait until Monday and reassess each currency pair analysis when the turbulence is over. Just so you know, one of the crosses that I’ve been monitoring and I’m very comfortable with is the GBPNZD, it is trading in a very clear bearish condition (its trading around historical lows) and it is likely to continue its way down:

As long as the GBPNZD trades below 1.9440, I would feel comfortable trading on the short side.

Trade Safe!

Raul Lopez
Free Forex Coaching

GBPNZD Update

Written by Raul Lopez on . Posted in Trades & Analysis

Hello Everyone,

Just to let you know I have closed my GBPNZD trade at -7 pips… I was going to leave my trade open over the weekend it broke the ST support level around 1.9606, it traded for a while around that level but it retraced back… I’ll let you know early next week whats the condition on this pair, if anything changes.

Have a great weekend! Take some time to get away from the market, we need it from time to time. So no charts until early Monday!

Raul Lopez

Forex Training

StraightForex
Raul Lopez Forex

Trading should be simple

I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Coaching. Read more about me.

If you have any question about anything, please feel free to contact me at: info@straightforex.com or call +1 518 300 3828

StraightForex on Facebook StraightForex on Twitter Call me on Skype Grab my RSS StraightForex on Google+ StraightForex on YouTube