GBPNZD analysis

20.01.2021

Technical reviews

GBPNZD
The currency pair is trading in the range of the resistance level of 1.9185 and the upper limit of the descending price channel. A bearish divergence has formed on Awesome Oscillator, and the Stochastic Oscillator signals overbought condition.

GBPNZD rate online: monitor the price movement in real time.


Trading idea:
Sell when a descending pattern 1-2-3 is formed, where wave 1 breaks through the inclined channel of the ascending pattern.
Stop loss beyond the local maximum (1.9185).
Target levels: 1.8920; 1.8850.

Author: GC
Back to all reviews Back

Subscribe to market analysis

Thank you for subscribing to our analytics

Review topic

All Fundamental reviews Market news Premarkets Technical reviews