| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro: USD/ZAR edges higher but bearish outlook persists

GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212

FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains

FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains

FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption

FxWirePro- Major European Indices

FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook

FxWirePro: GBP/AUD moves lower on weak UK data

FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed

FxWirePro- Major Crypto levels and bias summary

Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact

EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185

FxWirePro- Major Crypto levels and bias summary

FxWirePro- Major Pair levels and bias summary

FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

FxWirePro- Woodies Pivot(Major)

©Econometrics LLC . All Rights Reserved.

FxWirePro: GBP/NZD loses momentum but outlook is bullish

Thursday, October 19, 2023 5:52 PM UTC

• GBP/NZD initially gained on Thursday but gave up some ground as uncertainty around the Middle East conflict kept investors risk-averse.

• UK retail sales for September are due on Friday, while a preliminary read on October business activity lands next week.

• GBP/NZD has seen a 2.0724-2.0846 range on Thursday, it was last trading at 2.0784.

• From a technical viewpoint, the moving averages are pointing upwardss, while the RSI is strongly bullish at 51.

• Immediate resistance is located at 2.0827 (38.2% fib), any close above will push the pair towards 2.0942 (23.6% fib).

• Strong support is seen at 2.0724(50% fib) and break below could take the pair towards 2.0411 (5DMA).

Recommendation: Good to buy around 2.0760, with stop loss of 2.0520 and target price of 2.0830

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays

U.S. Intercepts Venezuelan Oil Tanker in International Waters Amid Escalating Blockade Tensions

Venezuela Condemns U.S. Seizure of Oil Tanker as “International Piracy”

Bangladesh Mourns Slain Youth Leader as Funeral Draws Thousands Amid Political Unrest

U.S.–Russia Talks in Florida Raise Hopes but Reveal Deep Divides Over Ukraine War

Roche CEO Warns US Drug Price Deals Could Raise Costs of New Medicines in Switzerland

Ukraine Signals Support for U.S.-Led Three-Sided Talks With Russia to Boost Peace Efforts

Lula Warns Against Military Action in Venezuela as U.S. Pressure Mounts

Australia Mourns Bondi Beach Hanukkah Attack Victims as Government Orders Security Review

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.

FxWirePro: GBP/NZD loses momentum but outlook is bullish

Editor's Picks

Welcome to EconoTimes