{"id":10332,"date":"2010-06-17T08:45:31","date_gmt":"2010-06-17T12:45:31","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10332"},"modified":"2010-06-17T08:45:31","modified_gmt":"2010-06-17T12:45:31","slug":"technical-indicators-show-bullish-correction-likely-for-gbpnzd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/06\/17\/technical-indicators-show-bullish-correction-likely-for-gbpnzd\/","title":{"rendered":"Technical Indicators Show Bullish Correction Likely for GBP\/NZD"},"content":{"rendered":"<p><strong>By Dan Eduard<\/strong> &#8211; For our technical analysis today, we will be looking at a not so  frequently traded pair. While GBP\/NZD has been steadily declining over  the last 10 days, it appears that sterling is now poised for a comeback.<\/p>\n<p>In our analysis, we will be examining  the 4-hour chart provided by ForexYard.  The technical indicators we  will be using are Bollinger Bands, Stochastic Slow and Relative Strength  Index (RSI).<\/p>\n<p>1.  The currency pair is currently trading right on the lower  Bollinger Band, which usually serves as an indication that a bullish  trend may occur in the immediate future.<\/p>\n<p>2.  A cross in the Stochastic Slow lines at the 20 level helps  support our theory.  Typically, when a cross occurs at this low of a  point, an upward trend begins to develop.<\/p>\n<p>3.  Finally, traders can see that the RSI level is currently right on  the lower support line.  Traders can further take this as a sign that a  bullish correction will take place shortly, further confirming our  original hypothesis.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/06\/tech-17.6.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/06\/tech-17.6.bmp\" alt=\"\" width=\"568\" height=\"555\" \/><\/a><\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex            Yard.<\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and            may not be suitable for all investors. There is a possibility      that     you   could sustain a loss of all of your investment and      therefore  you     should  not invest money that you cannot afford to      lose. You  should  be    aware of  all the risks associated with   Foreign    Exchange  trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Dan Eduard &#8211; For our technical analysis today, we will be looking at a not so frequently traded pair. While GBP\/NZD has been steadily declining over the last 10 days, it appears that sterling is now poised for a comeback. In our analysis, we will be examining the 4-hour chart provided by ForexYard. The &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/06\/17\/technical-indicators-show-bullish-correction-likely-for-gbpnzd\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Technical Indicators Show Bullish Correction Likely for GBP\/NZD&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-10332","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=10332"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10332\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}