GBPNZD: Watch for a breakout
Seems like trend will change direction very soon. Just wait for a breakout of that medium term support trendline in the chart.
Reasons:
- Price has reached a long term resistance level
- We can see a bearish divergence in MACD
- Price tests 0.618 level
See the long term resistance level and the 0.618 point here:
Reasons:
- Price has reached a long term resistance level
- We can see a bearish divergence in MACD
- Price tests 0.618 level
See the long term resistance level and the 0.618 point here:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.