{"id":6098,"date":"2010-01-21T08:48:44","date_gmt":"2010-01-21T13:48:44","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=6098"},"modified":"2010-01-21T08:48:44","modified_gmt":"2010-01-21T13:48:44","slug":"has-gbpnzd-reached-its-peak","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/01\/21\/has-gbpnzd-reached-its-peak\/","title":{"rendered":"Has GBP\/NZD Reached Its Peak"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; Yesterday\u2019 bullish movement of the GBP\/NZD cross hasn\u2019t received much support as of late. Below, I will demonstrate that the GBP\/NZD pair has already commenced a downward trend for today, and the cross may tumble another 40-110 pips in the coming 2 days. Traders are strongly advised to take advantage of the trend at an early stage. Therefore, why not open short positions at an excellent price?<\/p>\n<p>\u2022\tThe technical indicators that are used are the Williams Percent Ranges, Relative Strength Index (RSI), and Stochastic Slow.<\/p>\n<p>\u2022 Point 1: The Relative Strength Index (RSI) indicates that the price of this cross currently floats in the overbought territory, signaling downward pressure.<\/p>\n<p>\u2022\tPoint 2: : The Slow Stochastic indicates a bearish cross, signaling that the next move may be in a downward direction.<\/p>\n<p>\u2022 Point 3: The Williams Percent Ranges signals further bearishness for the pair, which in turn indicates further downward pressure to occur anytime soon.<\/p>\n<p>GBP\/NZD Daily Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/01\/GBP-NZD-21-11.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/01\/GBP-NZD-21-11.JPG\" alt=\"\" width=\"445\" height=\"587\" \/><\/a><\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex Yard.<\/strong><\/a><\/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 Anton Eljwizat &#8211; Yesterday\u2019 bullish movement of the GBP\/NZD cross hasn\u2019t received much support as of late. Below, I will demonstrate that the GBP\/NZD pair has already commenced a downward trend for today, and the cross may tumble another 40-110 pips in the coming 2 days. Traders are strongly advised to take advantage of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/01\/21\/has-gbpnzd-reached-its-peak\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Has GBP\/NZD Reached Its Peak&#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-6098","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/6098","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=6098"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/6098\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=6098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=6098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=6098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}