Note: This section contains information in English only.GBP/NZD has entered a symmetrical triangle pattern that has formed a flattish upper trend-line, causing it to take more of an ascending channel form. Both of the alternative patterns give out the same signals and are likely to the broken to the upside-most likely on the next few candles. We will look for tests of 1.7221 and then 1.7252 which are likely to cap the current movement, cause a retracement and then lead to a prominent rally, possibly towards monthly highs at 1.7956. There are several levels on the way that will steal some of the bullish momentum, but unlikely to cut the whole motion.
Thu, 19 Jan 2017 15:30:06 GMT
Source: Dukascopy Bank SA