ForecastCity

💡Don't miss the great sell opportunity in GBPNZD

Short
FX:GBPNZD   British Pound / New Zealand Dollar
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.9797).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. GBPNZD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 42.

Take Profits:
TP1= @ 1.9701
TP2= @ 1.9667
TP3= @ 1.9600
TP4= @ 1.9489
TP5= @ 1.9418

SL: Break Above R3

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Comments

Clear analysis.👍
Reply
ForecastCity carefulOwl22772
@carefulOwl22772, Thank you! Hope it's inspiring.
Reply
Clear, and detailed analysis. 👍
Thanks!
Reply
ForecastCity Sophi2018
@Sophi2018, Thank you. We appreciate your support
Reply
This is great. Very helpful. Thanks
Reply
ForecastCity DenizKilicDeniz
@DenizKilicDeniz, Thank you for your comment. We appreciate it
Reply
A very useful analysis! Thanks .
Reply
ForecastCity Mesutkashmar
@Mesutkashmar, Thank you for your feedback. We appreciate it
Reply