GBPNZD Daily Analysis
The correction's gone pretty good at 78% fibonacci, but if this is an early-staged downtrend, than it also confirms the last zone as being a distribution. The LL's there, and to confirm this LH, we need another LL, which I won't wait for. Also, the 200 SMA is flattening, meaning there is still not a definite direction on the overall trends. But, finally, I can see that the 2.000 psychological level has provided enough supply for the price to plummet.
Note
GBPNZD Full analysis:
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.
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.