{"id":6333,"date":"2010-01-28T09:06:00","date_gmt":"2010-01-28T14:06:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=6333"},"modified":"2010-01-28T09:06:00","modified_gmt":"2010-01-28T14:06:00","slug":"gbpnzd-uptrend-might-be-at-its-end","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/01\/28\/gbpnzd-uptrend-might-be-at-its-end\/","title":{"rendered":"GBP\/NZD Uptrend Might Be at Its End"},"content":{"rendered":"

By Anton Eljwizat<\/strong> – In the last two weeks of trading, the GBP\/NZD experienced much bullishness, as it stands now at 2.2810. However, as I demonstrate below, it seems that the pair\u2019s bullish run may have run out of steam, and a bearish correction could be underway soon. Forex traders have the opportunity to wait for the downward breach on the hourlies and go short in order to ride out the impending wave.<\/p>\n

\u2022\tBelow is the daily chart of the GBP\/NZD currency pair.<\/p>\n

\u2022\tThe technical indicators that are used are the William Percent Range, Relative Strength Index (RSI), and MACD.<\/p>\n

\u2022\tPoint 1: There is a \u201cdoji\u201d candlestick that has formed on the chart, indicating that a reversal should take place.<\/p>\n

\u2022\tPoint 2: The MACD indicates an impending bearish cross, signaling that the next move may be in a downward direction.<\/p>\n

\u2022 Point 3: The Williams Percent Range signals further bearishness for the pair, which in turn indicates further downward pressure to occur anytime soon.<\/p>\n

\u2022 Point 4: The Relative Strength Index (RSI) indicates that the price of this cross currently floats in the overbought territory, signaling downward pressure.<\/p>\n

GBP\/NZD Daily Chart<\/strong><\/p>\n

\"\"<\/a><\/p>\n

Forex Market Analysis<\/strong><\/em> provided by\u00a0Forex Yard.<\/strong><\/a><\/p>\n

\u00a9 2006 by FxYard Ltd<\/p>\n

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":"

By Anton Eljwizat – In the last two weeks of trading, the GBP\/NZD experienced much bullishness, as it stands now at 2.2810. However, as I demonstrate below, it seems that the pair\u2019s bullish run may have run out of steam, and a bearish correction could be underway soon. Forex traders have the opportunity to wait … <\/p>\n

Continue reading “GBP\/NZD Uptrend Might Be at Its End”<\/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-6333","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/6333","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=6333"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/6333\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=6333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=6333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=6333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}