GBPNZD becomes fluctuate in previous 1-2 trading days. It is expected the price will go belong the descending tunnel in M15 chart. Therefore, it is expected that in day price range will be 2.014-2.058.
For a longer forecast, it seems the uptrend from 2020 Jan of GBPNZD has been broken, a correction will likely happen in future months, The first target of correction will be 1.95.
There is a trading strategy for short position, sell limit place around 2.058-2.06,or market sells stop loss at 2.065,
take profit should be around 2.01.
For a longer forecast, it seems the uptrend from 2020 Jan of GBPNZD has been broken, a correction will likely happen in future months, The first target of correction will be 1.95.
There is a trading strategy for short position, sell limit place around 2.058-2.06,or market sells stop loss at 2.065,
take profit should be around 2.01.
Trade closed: target reached
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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.