Technical Overview of GBP/CAD and EUR/NZD Currency Pair

GBPCAD

GBP CAD

The GBP traded higher against the CAD and closed at 1.7521.

The pair formed the following confluences

1- A mother bar/in side bar.
2- Stalling at the Year Pivot.
3- Stalling at the MRES Q1.
4- Stalling at Resistance Monthly.
5- Stalling at Resistace3 Weekly.
6- Making a series of HH and HL.
7- Up thrust Candle formed in precious Resistance zone from 3rd Jan 2019.
8- Trend Line Formed.
9- Previous Resistance becomes Current Support.
10- Broken the Previous Week High. 

Scenario: If the pair breaks 127 Extension of Motherbar/Insidebar then we may have a short term trend in that breakout direction.

According to the Analysis, The pair is expected to find support at 1.74285, and a fall through could take it to the next support level of 1.74437. The pair is expected to find its first resistance at 1.75658, and a rise through could take it to the next resistance level of 1.76103.

GBP CAD Previous Day range was 83.3 and Current Day Range is 46.3.

EUR NZD

EURNZD

The EUR traded higher against the NZD and closed at 1.7009.

The pair formed the following confluences

1- A mother bar/in side bar. 
2- Stalling at the Year Pivot.
3- Stalling at the MRES Q1.
4- Stalling at Resistance Monthly.
5- Stalling at Resistace3 Weekly.
6- Making a series of HH and HL.
7- Up thrust Candle formed in precious Resistance zone from 3rd Jan 2019.
8- Trend Line Formed.
9- Previous Resistance becomes Current Support.
10- Broken the Previous Week High.

Scenario: If the pair breaks 127 Extension of Motherbar/Insidebar then we may have a short term trend in that breakout direction.

According to the Analysis, The pair is expected to find support at 1.69772, and a fall through could take it to the next support level of 1.69450. The pair is expected to find its first resistance at 1.70588, and a rise through could take it to the next resistance level of 1.71082.

EUR NZD Previous Day range was 81.6 and Current Day Range is 68.1.

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