Market Overview

26 April 2018 08:56

Marios Athinodorou

GBPNZD 1H Timeframe Based on the Ichimoku system, it could be noticed that the price appears above the cloud. Moreover, Tekan Sen and Kijun Sen seem to be in bullish formation. The Chikou Span seems to be above the price too. The spike to the end of the cloud may indicate that this trend may probably continue. If the price reaches the Tekan Sen and bounces, then we could consider looking for bullish signals. GBPNZD Daily Timeframe Now, it could be observed that the daily timeframe and the 1H seem to present a similar picture.
Market Focus
  • Swiss government raises 2019 GDP growth forecast to 0.9% from 0.8% previously
  • Fed keeps rates on hold, points to 'favourable' economic outlook next year
  • German consumer price growth stabilised in November
  • French consumer prices rose by 0.1% in November, as expected

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