• GBPNZD falling inside impulse wave 3
• Likely to reach 1.9350
GBPNZD continues to fall inside the impulse wave 3 which started earlier from the resistance area lying between the key resistance level 1.9740 (former support from August), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp downward impulse wave 1.
The downward reversal from the resistance area created the daily Japanese candlesticks reversal pattern Evening Star.
GBPNZD is likely to fall further toward the next support level 1.9350 (low of wave (b) from the middle of October).
- 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…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies