Momentum Scorecard: British Pound Favored against EUR, NZD

| 25 juni, 2013 | 0 kommentarer

Momentum_Scorecard_British_Pound_Favored_against_EUR_NZD_body_Picture_1.png, Momentum Scorecard: British Pound Favored against EUR, NZD

Want to add the Moving Average Dashboard to your charts?

Download it free on


Momentum_Scorecard_British_Pound_Favored_against_EUR_NZD_body_x0000_i1028.png, Momentum Scorecard: British Pound Favored against EUR, NZD

GBPNZD’s bullish momentum has strengthened in recent days, with a score of +2.43 now, highlighted by continuity on the H1, H2, H4, and D1 timeframes.

– The pair has held above the 8-/21-/55-SMA structure for all but two days since May 1.

– Slow Stochastics (5,3,3) are suggesting that a near-term top may be in place near the 50% Fibonacci retracement of the 2011 high to 2013 low at N$2.0116.

– A Bullish Ascending Triangle may have formed on the daily chart; a false break lower is possible before support is found near the 8-SMA at 1.9754. A breakout eyes 2.0660/65.

*Trend definitions: “uptrend” is defined as 8-MA21-MA55-MA; “downtrend” is defined as 8-MA21-MA55-MA; a “trendless” market occurs when continuity is absent.

*Scoring methodology: there are seven time frames, ascending from m15 (15-minutes) to W1 (one-week). In ascending order, each pair is assigned a value from -7 to +7 based on the trend apparent on the specified time frame (I.E. a m15 uptrend equals +1, whereas a H1 downtrend equals -3). If neither an uptrend nor downtrend is present, the trendless timeframe receives a score of 0. These points are totaled and the average is reported on the right. The strongest uptrend would achieve a score of +4.00, while the strongest downtrend would achieve a score of -4.00.

— Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail [email protected]

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

Din e-postadress kommer inte publiceras. Obligatoriska fält är märkta *