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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.

DateOctober 17, 2018 - 12:11
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.98350 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 2.0470 on 10/11/2018, so more losses to support(s) 1.9965 and minimum to Major Support (1.9835) 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 51.

Supports and Resistances:

  1. 2.5870
  2. 2.4625
  3. 2.3645
  4. 2.2525
  5. 2.2000
  6. 2.1050
  7. 2.0660
  8. 2.0360
  9. 1.9965
  10. 1.9755
  11. 1.9620
  12. 1.9460
  13. 1.9350
  14. 1.9210
  15. 1.9095
  16. 1.8930
  17. 1.8785
  18. 1.8640
  19. 1.8270
  20. 1.7900
  21. 1.7440
  22. 1.6705
Click on the level to view price action history.