Trading Blog
• GBPNZD reversed from resistance area • Further losses are likely
GBPNZD recently reversed down from the resistance area lying between the pivotal resistance level 1.8600 (former strong support from January and November) and the 50% Fibonacci correction of the previous sharp downward impulse 1.
The downward reversal from this resistance area created the daily Japanese candlesticks reversal pattern Evening Star.
GBPNZD is expected to fall further in the active short-term impulse wave 3 and re-test the next support level 1.8150 (low of the previous impulse wave 1).
In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…
Crypto rebounds continue; Bitcoin faces resistance, with a mixed market outlook ahead, as regulatory changes…
Coca-Cola: ⬇️ Sell - Coca-Cola reversed from long-term resistance level 73.25 - Likely to fall to…
DraftKings: ⬆️ Buy - DraftKings reversed from support zone - Likely to rise to resistance level…
NVDA: ⬆️ Buy - NVDA reversed from support zone - Likely to rise to resistance level…
Basic Attention Token: ⬇️ Sell - Basic Attention Token reversed from resistance level 0.2800 - Likely…
This website uses cookies
