GBPNZD FOREX REPORT: TRADE SUGGESTION, PRICE AND TECHNICAL CHART

GBPNZD FOREX REPORT: TRADE SUGGESTION, PRICE AND TECHNICAL CHART

forex technical analysis

GBPNZD Technical Analysis: Weekly Chart

In the weekly charts, GBPNZD is trading in a down channel.

It is trading below all SMA.

The immediate support is 1.9152 & the resistance level is at 1.9448.

GBPNZD is trading in the down channel until there is trend reversal.

GBPNZD Technical Analysis: Daily Chart

In the daily charts, GBPNZD is trading in an up channel.

It is trading above 20 and 50 days SMA & below 100 days SMA.

The immediate support is 1.9189 & the resistance level is 1.9506.

GBPNZD is trading in the up channel until there is trend reversal. 

How to Trade GBPNZD this Week:

GBPNZD will follow the uptrend until their trend reversal. So, remain bullish on GBPNZD.

TRADE SUGGESTION- BUY AT 1.9299, TAKE PROFIT AT 1.9506 AND STOP LOSS AT 1.9189

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