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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.

DateNovember 21, 2020 - 16:23
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.90000, beginning of uptrend is expected.
  • We make sure when the resistance at 1.97800 breaks.
  • If the support at 1.90000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 1.9085 on 11/12/2020, so more gains to resistance(s) 1.9300, 1.9465 and maximum to Major Resistance (1.9780) 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 41.

Supports and Resistances:

  1. 2.1035
  2. 2.0255
  3. 2.0000
  4. 1.9780
  5. 1.9465
  6. 1.9300
  7. 1.8705
  8. 1.8120
Click on the level to view price action history.