FX Trading News & Strategies from Australian Stock Report
The bias for the GBPNZD is bullish. Over the last few months the price action has formed an uptrend, characterised by a series of higher lows and higher highs. The shorter-term EMAs are crossed higher and diverging and the price action is above the longer-term EMA filter, which is positive. Traders to look to capitalise [...]
The bias for the GBPNZD is bullish. We note an uptrend, characterised by a series of higher lows and higher highs and highlighted by the yellow line. The shorter-term EMAs are crossed higher and diverging and the price action is above the longer-term EMA filter, which is positive. Whilst we are bullish, we would only [...]
GBPNZD Trading Pair Commentary: December 7
We note an uptrend support channel on the GBPNZD which we have highlighted in the chart. In recent months, every time the price action has tested the lower side of the range, a rally has ensued. The GBPNZD currency pair is presently testing the lower side of the range once more, also at 2.0000 which [...]