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

Trading suggestion:

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

DateNovember 27, 2021 - 22:07
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.93350, beginning of uptrend is expected.
  • We make sure when the resistance at 1.97000 breaks.
  • If the support at 1.93350 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 1.8852 on 11/08/2021, so more gains to resistance(s) 1.9600 and maximum to Major Resistance (1.9700) 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 68.

Supports and Resistances:

  1. 2.1030
  2. 1.8120
Click on the level to view price action history.