FxPro - Analytics


761.75 6.25/10
83% of positive reviews

GBPNZD Wave Analysis – 21 October, 2021

GBPNZD Wave Analysis – 21 October, 2021

• GBPNZD reversed from support area

• Likely to rise to resistance level 1.9400                                                                  

GBPNZD recently reversed up from the major support area located between the major support level 1.9200 (which has been reversing the pair from March) and the lower weekly Bollinger Band.

The upward reversal from this support area stopped the previous sharp intermediate impulse wave (3).

Given the strength of the aforementioned support area and the oversold weekly Stochastic – GBPNZD can be expected to rise further toward the next resistance level 1.9400.

GBPNZD Wave Analysis – 21 October, 2021

To leave a comment you must or Join us

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree