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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 28, 2021 - 15:33
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.94150 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 1.8925 on 02/26/2021, so more gains maximum to Major Resistance (1.9415) 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 57.

Supports and Resistances:

  1. 2.1035
  2. 2.0255
  3. 2.0000
  4. 1.9780
  5. 1.9415
  6. 1.8120
Click on the level to view price action history.