. There is still a possibility of temporary retracement to the suggested resistance line (1.9751).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPNZD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 40 .
Take Profits:
TP1= @ 1.9666
TP2= @ 1.9606
TP3= @ 1.9527
TP4= @ 1.9473
TP5= @ 1.9419
SL: Break Above R2
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ForecastCity English Support Team âĪïļ
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPNZD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 40 .
Take Profits:
TP1= @ 1.9666
TP2= @ 1.9606
TP3= @ 1.9527
TP4= @ 1.9473
TP5= @ 1.9419
SL: Break Above R2
âĪïļ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the ð LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
âĪïļ Your Support is very much ð appreciated!âĪïļ
ð Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, âĪïļ
ForecastCity English Support Team âĪïļ
High Accurate AI-Generated forecasts for:
ð36 Forex Pairs
ð175 Cryptos
ð16 Stock & Currency Indices
ðGold,Silver,Oil,Gas
â Best Profitable Trading Strategies
â in 9 languages
â since 2007
FREE Telegram ð t.me/forecastcity_com
ð36 Forex Pairs
ð175 Cryptos
ð16 Stock & Currency Indices
ðGold,Silver,Oil,Gas
â Best Profitable Trading Strategies
â in 9 languages
â since 2007
FREE Telegram ð t.me/forecastcity_com