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Weekly forecast British Pound / New Zealand Dollar technical chart
Symbol GBPNZD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateJanuary 25, 2020 - 21:32
Currentrange bound
Forecastbeginning of downtrend
Last weekBullish

Midterm forecast:

  • While the price is below the resistance 2.0000, beginning of downtrend is expected.
  • We make sure when the support at 1.9345 breaks.
  • If the resistance at 2.0000 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1.9945 on 01/23/2020, so more losses to support(s) 1.9640 and minimum to Major Support (1.9345) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 51.

Supports and Resistances:

  1. 2.5870
  2. 2.4625
  3. 2.3645
  4. 2.2525
  5. 2.2000
  6. 2.1050
  7. 2.0555
  8. 1.9640
  9. 1.8275
  10. 1.8120
Click on the level to view price action history.