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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.

DateJuly 17, 2022 - 12:33
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.86994, beginning of uptrend is expected.
  • We make sure when the resistance at 1.96379 breaks.
  • If the support at 1.86994 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low.
  • While the RSI support #2 at 42 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 1.95230 on 07/08/2022, so more losses to support(s) 1.91648, 1.90373 and minimum to Major Support (1.86994) 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 42.

Supports and Resistances:

  1. 2.10300
  2. 2.05278
  3. 2.02650
  4. 1.98427
  5. 1.96379
  6. 1.81200
Click on the level to view price action history.