In the GBPNZD we are having the same circumstance as in the other todays analyses, it is ending a correction movement inside an upward rally, it touched the 150 WMA and found a historic support coinciding with the 38% - %50% levels of fibonacci. I drew trend line (Orange line) and it was crossed so I am inside with:
- Partial Close 1.9740
- Stop Loss 1.8590
-...
With the NZDCAD we have the reverse situation as I writed in the EURAUD analysis , it is in an downward rally, is inside correction and is finding an historic support area coinciding with fibonacci level of 38% and is touching the 300 WMA. It could be a signal showing the end of the correction.
I draw a trend line (Orange line) and if it is crossed downward and...
