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FxWirePro: EUR/CAD minor trend bounces on hammer, major uptrend spikes through ascending channel – Accumulate on corrections

FxWirePro: EUR/GBP capped at 0.87 handle, focus on German data and Draghi's speech for cues on further direction

FxWirePro: USD/SGD breaks key resistance at 1.3538 mark, stay bullish

FxWirePro: FTSE100 downside capped by 23.6% fib, good to sell on rallies

FxWirePro: Display of spinning top at wedge resistance hampers BTC/USD’s bullish momentum ahead of CME expiry

FxWirePro:Nikkei declines slightly on global growth outlook concern, good to buy on dips

FxWirePro: Silver rejects key support at $15.76 mark, stay bullish

GBP/JPY forms double top and struggles to close above 200 day MA,dip till 143 likely

FxWirePro: Japanese yen remains almost unchanged after CPI, core CPI data

FxWirePro: Aussie rises in early Asia after RBA governor Lowe’s speech

FxWirePro:DXY downside capped by 21 day MA, any break below targets 95.60

FxWirePro: NZD/USD slumps on rising odds of RBNZ rate cuts, break below 200-DMA will accentuate downside

FxWirePro: USD/INR trades in narrow range, further sideways movement likely

FxWirePro: South Korean won falls gradually against euro, faces immediate resistance at 1,278 mark

FxWirePro: USD/ZAR remains well supported below 14.00 mark, good to sell on rallies

FxWirePro: GBP/NZD rejected at 200-DMA, Doji at highs raises scope for weakness

FxWirePro: USDCAD trades lower on better than estimate Canadian retail sales, good to sell on rallies

FxWirePro: GBP/NZD tests 110-EMA at 1.91, break above eyes 200-DMA

Thursday, January 17, 2019 9:06 AM UTC
0
comments

GBP/NZD chart on Trading View used for analysis

  • GBP/NZD trades 0.48% higher on the day at 1.9097 at 0845 GMT.
     
  • The pair has tested resistance at 110-EMA at 1.9102, break above to see further gains.
     
  • Technical indicators are biased higher. Stochastics and RSI are sharply higher.
     
  • Price action has broken above 55-EMA and 38.2% Fib.
     
  • Break above 110-EMA eyes next major resistance at 200-DMA at 1.93.
     
  • Immediate support lies at 5-DMA at 1.8918. Break below 21-EMA to see downside extension.

Call update: Our previous call (https://www.econotimes.com/FxWirePro-GBP-NZD-recovery-capped-at-55-EMA-further-gains-only-on-break-above-1485261) has hit TP1/2.

Recommendation: Book partial profits at lows. Hold for further gains.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex. 
 

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