FxWirePro:GBP/NZD drops 1.9000 after UK PMI falls at fastest rate in 2 years

| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro- USDCAD Trade Idea

FxWirePro: AUD/USD tests 200-DMA, Aussie bulls cheer Fed rate hike pause bets

FxWirePro:EUR/NZD steadies above 1.7400, retains bid tone

FxWirePro: AUD/USD hovers around 5-DMA, downbeat Aussie PMIs weigh on the Aussie

FxWirePro:EUR/AUD consolidating around 1.6210,bias is bullish

FxWirePro- GBPJPY Daily Outlook

FxWirePro: Daily Commodity Tracker - 24th March, 2023

FxWirePro: EUR/NZD stuck in range but maintains bullish bias

FxWirePro:EUR/AUD uptrend looks tired, but continues to hold

FxWirePro :EUR/AUD extends gains, faces 23.6% fib resistance

FxWirePro: EUR/CHF Daily Outlook

FxWirePro :GBP/ NZD loses momentum but outlook is bullish

FxWirePro: Daily Commodity Tracker - 23rd March, 2023

FxWirePro- EURUSD Daily Outlook

FxWirePro: EUR/JPY under heavy pressure, flash Manufacturing PMIs in Germany and EMU disappoint

FxWirePro: USD/JPY prints fresh weekly lows, US PMIs, Durable Goods Orders loom

FxWirePro:EUR/NZD grinds higher as frustrated shorts pare back

©PUBLISH holdings LLC . All Rights Reserved.

FxWirePro:GBP/NZD drops 1.9000 after UK PMI falls at fastest rate in 2 years

Tuesday, January 24, 2023 3:49 PM UTC

• GBP/NZD dipped on Tuesday after data showed British private-sector economic activity fell at its fastest rate in two years in January.

• The S&P Global/CIPS flash composite Purchasing Managers' Index (PMI) dropped to 47.8 in January from 49.0 in December.

• At GMT 15:41, the pair was trading down 0.67 percent at 1.8935 .

• Technicals are favouring bearish sentiment as RSI is at 41 and the pair is trading below 11 & 21-DMAs.

• Immediate resistance is located at 1.9096 (14DMA), any close above will push the pair towards 1.9207(38.2% fib)

• Support is seen at 1.8914(23.6% fib) and break below could take the pair towards 1.8834(Lower BB).

Recommendation: Good to sell around 1.8940, with stop loss of 1.9050 and target price of 1.8850.

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

Reports that Beyoncé and Adidas call it quits trigger speculation of Puma deal

Burger King Denmark offering dessert burger for Lent

EU antitrust regulators raid Red Bull premises for suspected rule violations

Porsche to build 4th gen Cayenne in Bratislava

GM to stop making Chevrolet Camaro due to EV push

Scientists, environmentalists oppose plan to build octopus farm

Monster Energy releases Kiwi Strawberry flavor

FxWirePro:EUR/NZD grinds higher as frustrated shorts pare back

FxWirePro:GBP/NZD sustains gains as uptrend remains strong

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