For long-term analysis, GBPNZD is on a bearish trend (Downtrend)...
But inside the big bearish channel, another channel has formed with ABCD point linking... So it is believed that another E point is forming soon (a retracement wave; on its way to E point)...
After this small retracement wave, the bearish trend will continue... It is expected the price will drop around 1.83800...
*This is a personal sharing and analysis trend, if you wish to follow this analysis, self-risk management, thank you very much*
But inside the big bearish channel, another channel has formed with ABCD point linking... So it is believed that another E point is forming soon (a retracement wave; on its way to E point)...
After this small retracement wave, the bearish trend will continue... It is expected the price will drop around 1.83800...
*This is a personal sharing and analysis trend, if you wish to follow this analysis, self-risk management, thank you very much*
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.