Did the GBP/NZD pair ended the drop ?
The New Zealand pound pair reached an important low Bottom at the price of 1.9470 that formed in late December 2019.
The bottom where the price is, it is a strong weekly demand area that was able to stand in the way of the prolonged drop that the pair has been raising, despite the strength of the New Zealander’s Pair in the recent period that it gained from the return of the economy in most countries, especially in China, where economic indicators began to recover, which gave a good boost to commodity currencies.
For a GBP/NZD pair is in a strong demand area compatible with the bottom wall. The descending channel was able to Pullback the pair and penetrated the last peak formed on the hourly frame at the price of 1.9508 then it fell.
The purchasing view of the pair can be achieved after the breakout of the high pick that formed at 1.9566, and the objectives are:
[1] The first target is at the upper bound of the channel 1.9797
[2] The second target after the breach of the descending channel at the price of 2.0, which it can be possibly a psychological barrier that stop the increasement price.
The analysis failed to close an hour long candle below the request area.
The bottom where the price is, it is a strong weekly demand area that was able to stand in the way of the prolonged drop that the pair has been raising, despite the strength of the New Zealander’s Pair in the recent period that it gained from the return of the economy in most countries, especially in China, where economic indicators began to recover, which gave a good boost to commodity currencies.
For a GBP/NZD pair is in a strong demand area compatible with the bottom wall. The descending channel was able to Pullback the pair and penetrated the last peak formed on the hourly frame at the price of 1.9508 then it fell.
The purchasing view of the pair can be achieved after the breakout of the high pick that formed at 1.9566, and the objectives are:
[1] The first target is at the upper bound of the channel 1.9797
[2] The second target after the breach of the descending channel at the price of 2.0, which it can be possibly a psychological barrier that stop the increasement price.
The analysis failed to close an hour long candle below the request area.
Trade aktif
The Deal is opened: the bottom price broke 1.9414, but the price could not close down the channel.The analysis is still in progress
Pernyataan Penyangkalan
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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.