Technical Checks For GBP/NZD, AUD/NZD & NZD/JPY: 19.01.2018

Anil Panchal
Technical Checks For GBP/NZD, AUD/NZD & NZD/JPY: 19.01.2018
New Zealand One and Two Dollar Coins on Banknote Background

GBP/NZD

Even if an immediate ascending trend-line continue favoring the GBPNZD’s upside, month-long downward slanting TL, at 1.9075, could confine the pair’s immediate advances. Should the pair manage to surpass the 1.9075 barrier, it can rise to 1.9160 and then to the 1.9240; however, the 1.9260-65 horizontal-region could restrict the quote’s following north-run. In case if the prices rally beyond 1.9265, chances of witnessing 1.9350 and the 1.9415 on the chart can’t be denied. On the downside, the aforementioned TL support of 1.8970 and the 1.8925 are likely nearby supports that the pair can avail during its U-turn, breaking which the 1.8800 may entertain sellers. Given the Bears’ rule trade sentiment after 1.8800, the 1.8690 and the 1.8600 might appear in their radar.

AUD/NZD

Following its successful U-turn from 200-day SMA, the AUDNZD is presently struggling with 50-day SMA level of 1.0990, breaking which eleven-week old downward slanting trend-line, at 1.1045, becomes important to watch. If the pair continues trading upwards after conquering 1.1045, the 1.1100 and the 1.1140 are expected figures to gain traders’ attention. Meanwhile, the 1.0950 and the 1.0900 can act as immediate supports for the pair before the 1.0870-60 horizontal-area and the 200-day SMA level of 1.0835 comes into play. Assuming the pair’s daily closing beneath the 1.0835, it seems wise to target the 1.0800 and the 1.0750 while being short.

NZD/JPY

Irrespective of the NZDJPY’s failure to surpass the 81.25-30 horizontal resistance-zone, a short-term ascending trend-channel could keep favoring the pair’s further upside. Presently, the channel-support figure of 80.30 may try restricting the pair’s latest pullback, breaking which the 80.00, the 79.60 and the 79.20 are likely consecutive supports to mark their presence. Given the pair’s sustained downturn below 79.20, the 78.30 and the 77.80 could reappear as supports. Alternatively, the 80.90 may restrict the pair’s immediate up-moves, breaking which the 81.25-30 regain market attention. Should the pair clears 81.30 mark, the 61.8% FE level of 81.80 and the resistance-line of the channel, at 82.15 can become Bulls’ favorite numbers.

Cheers and Safe Trading,
Anil Panchal

Don't miss a thing!

Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Top Promotions

Top Brokers

IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US