FxWirePro: GBP/NZD bears need a close under a key level to tighten grip, good to sell on rally

| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch (GBPAUD and GBPJPY) for the day)

FxWirePro:GBP/AUD consolidating around 1.9040, bias is bullish

FxWirePro- Major pair levels and bias summary

FxWirePro- Top altcoins for the day (Strength index) (LTCUSD)

FxWirePro: GBP/AUD gives up some ground but bias is still bullish

FxWirePro- BTCUSD Daily Outlook

FxWirePro: GBP/NZD positions for another climb, eyes 2.0600 level

FxWirePro- Gold Daily Outlook

FxWirePro: GBP/NZD maintains bullish bias with focus on 2.0700

FxWirePro- EURUSD Daily Outlook

FxWirePro:EUR/ AUD losses momentum but bullish setup remains

FxWirePro- EURUSD Daily Outlook

FxWirePro- Major pair levels and bias summary

FxWirePro:EUR/AUD changes short term trend from neutral to bearish

FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch (EURJPY and AUDUSD) for the day)

FxWirePro- GBPJPY Daily Outlook

©PUBLISH holdings LLC . All Rights Reserved.

FxWirePro: GBP/NZD bears need a close under a key level to tighten grip, good to sell on rally

Monday, August 8, 2022 11:33 PM UTC

• GBP/NZD declined on Monday as risk appetite strengthened, supported by encouraging economic data from china boosting kiwi dollar.

• Strong support is at 1.9193,A break below will encourage fresh selling and accelerate downtrend.

• Technical signals are bearish as RSI is at 42, daily momentum studies 5, 9 and 10 DMAs are trending south.

• Immediate resistance is located at 1.9293( 14DMA), any close above will push the pair towards 1.9360(50% fib)

• Strong support is seen at 1.9193 (38.2%fib) and break below could take the pair towards 1.9145(Lower BB).

Recommendation: Good to sell on rally around 1.9210 with stop loss of 1.9310 and target price of 1.9120.

Editor's Picks

How long does it take for skin to repair after sun exposure?

What happens to your body on a long-haul flight?

Big Tech is firing employees by the thousands. Why?

Are black holes time machines? Yes, but there's a catch

DNA is often used in solving crimes. But how does DNA profiling actually work?

Grit or quit? How to help your child develop resilience

8 everyday foods you might not realise are ultra processed – and how to spot them

Yakuza battle Chinese gangs for control of Japan's criminal underworld

Vitamins and supplements: what you need to know before taking them

Market Data

NFT: All Nippon Airways Debuts Its Own NFT Marketplace

China in Africa: Kenya railway study shows investment projects aren’t a one-way street

Posco Holdings, LG Electronics Forge Alliance to Upgrade Factories With AI and Robotics

LG Electronics, Canada’s Tenstorrent AI Computing Startup Partner for Chips Development

In-N-Out Burger Returns to South Korea, Locals Flock to Seoul Pop-up Store in Record Number

The FDA finally approved Elon Musk's Neuralink chip for human trials. Have all the concerns been addressed?

JumpStart Coffee Set to Expand After Ramping up Series B Funding Round

Grab Unveils JustSave Carpooling Service in Malaysia for Cheaper, More Efficient Rides

NATO must tread carefully in Southeast Asia, where painful memories of colonialism remain

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Newspaper Registration No. Seoul A04906 | Registration Date. 2018.01.02

Publisher/Editor. Sungmin Kwon | Juvenile Protection Manager. Seokjin Yoon

Tel. +82.2.6332.2245

Editor's Picks

Welcome to EconoTimes