ForecastCity

💡Don't miss the great sell opportunity in GBPNZD

Short
FX:GBPNZD   British Pound / New Zealand Dollar
. There is still a possibility of temporary retracement to the suggested resistance line (1.9751).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. GBPNZD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 40 .

Take Profits:
TP1= @ 1.9666
TP2= @ 1.9606
TP3= @ 1.9527
TP4= @ 1.9473
TP5= @ 1.9419

SL: Break Above R2

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Comments

Many thanks for sharing this chart.
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ForecastCity Megan_forex
@Megan_forex, It's our pleasure! Thank you for your comment.
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Excellent analysis. Keep it up 👌
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ForecastCity DenizKilicDeniz
@DenizKilicDeniz,Thank you. We appreciate your support
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