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Cerebro1
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I am currently working as a Currency Strategist at the Trinidad and Tobago Unit Trust Corporation with responsibility over the TTUTC Global Bond Fund. I was previously responsible for the TTUTC Universal Retirement Fund. I am a graduate from the University of the West Indies with a Bsc. in... More
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  • GBPNZD Intraday Analysis 0 comments
    Apr 15, 2014 6:17 AM

    GBPNZD broke the downward trend line with pivots 1.94484 on 11th April 1:15 am and 1.93763 on 14 April 8:30 am. Although it was recently done on a long green candle, bearish divergence on the Commodity Channel Index suggests that the break in the downward trend line is short lived. It is recommended that traders take a short position on GBPNZD at market (1.93345) with a stop at 1.93763 and targeting 1.92743, a 1.48 reward risk ratio.

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