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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.

DateFebruary 21, 2021 - 11:43
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.93000 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • While the RSI resistance #1 at 60 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 1.9405 on 02/18/2021, so more losses to support(s) 1.9145, 1.8870, 1.8605 and more depths 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 54.

Supports and Resistances:

  1. 2.1035
  2. 2.0255
  3. 2.0000
  4. 1.9780
  5. 1.9465
  6. 1.9300
  7. 1.8120
Click on the level to view price action history.