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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.

DateSeptember 25, 2022 - 07:53
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 1.96317, resumption of downtrend is expected.
  • We make sure when the support at 1.87030 breaks.
  • If the resistance at 1.96317 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.93830 on 09/22/2022, so more losses minimum to Major Support (1.87030) 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 40.

Supports and Resistances:

  1. 2.10300
  2. 2.05278
  3. 2.02650
  4. 2.00520
  5. 1.98427
  6. 1.96317
  7. 1.94385
  8. 1.92418
  9. 1.81200
Click on the level to view price action history.