Daily Forex Chart Art - Oct. 19, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    GBP/NZD: 1-hour It’s the trend line that keeps on giving! The pair is making another test of the falling resistance level, which coincides with the 100 SMA dynamic inflection point. If this continues to keep gains in check, the pair could move back to its previous lows around 2.2440 or proceed to create new lows. However, stochastic seems to be suggesting that buyers are taking control of the game, as the oscillator looks poised to head north. In addition, price gapped up over the weekend to

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