GBPNZD: Sideways opportunity for the next 5 months.
GBPNZD followed the direction set on our November call and pull back to the symmetrical (black dashed line) support:
As mentioned then, this is repeating the late 2017/ early 2018 pattern. Since the uptrend was rejected on the 2.04750 1M Resistance and the price pulled back, with 1D turning neutral (RSI = 55.295, ADX = 26.734, Highs/Lows = 0.0000), we are expecting sideways price action for the next 5 months within the 1M Resistance (2.04750) and the MA200 (orange line) on the 1D chart.
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As mentioned then, this is repeating the late 2017/ early 2018 pattern. Since the uptrend was rejected on the 2.04750 1M Resistance and the price pulled back, with 1D turning neutral (RSI = 55.295, ADX = 26.734, Highs/Lows = 0.0000), we are expecting sideways price action for the next 5 months within the 1M Resistance (2.04750) and the MA200 (orange line) on the 1D chart.
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.