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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.

DateMay 30, 2020 - 22:57
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 2.10350, beginning of downtrend is expected.
  • We make sure when the support at 1.94350 breaks.
  • If the resistance at 2.10350 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 2.0110 on 05/12/2020, so more gains to resistance(s) 1.9890, 2.0120, 2.0275 and maximum to Major Resistance (2.1035) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 35.

Supports and Resistances:

  1. 2.5870
  2. 2.4625
  3. 2.3645
  4. 2.2525
  5. 2.2000
  6. 2.1035
  7. 2.0120
  8. 1.9890
  9. 1.9690
  10. 1.9435
  11. 1.9030
  12. 1.8705
  13. 1.8120
Click on the level to view price action history.