GBPNZD Detailed Trading Plans For Next Move(s)
GBPNZD has rallied inline with the sideways trend apparent since about 15 May 2024.
This reflects strongly the mid term sentiment case, which does not show a huge deviation between the two.
Technical Bias - Price exists now at key price action levels for shorts with some signs of rejection.
Sentiment/Fund bias - Longer term outlook is short for GBP VS NZD. Current sentiment does not particularly favour a huge outlying long case for the pound over the NZD, supporting short bias. Sideways trend may also be sustained.
This reflects strongly the mid term sentiment case, which does not show a huge deviation between the two.
Technical Bias - Price exists now at key price action levels for shorts with some signs of rejection.
Sentiment/Fund bias - Longer term outlook is short for GBP VS NZD. Current sentiment does not particularly favour a huge outlying long case for the pound over the NZD, supporting short bias. Sideways trend may also be sustained.
Note
Likely Higher Level Resistance May Be Hit. Holding Off Shorts.Note
Short zones approach, still holding off.
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.