GBPNZD recently reversed down from the resistance area lying between the powerful resistance level 2.055 (which stopped the sharp uptrend in October) and the upper daily Bollinger Band.
The downward reversal from this resistance area stopped the previous short-term impulse wave (iii).
Given the overbought daily Stochastic and the strong Sterling bearishness seen today – GBPNZD is likely to fall further toward the next support level 2.0380.
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
This website uses cookies