GBPNZD FORECAST AND TRADE IDEA
GBPNZD FORECAST (requested by one of our subs)
- Technical analysis: Recently, after retesting the 4hr demand zone of 1.92220-1.91720, GBPNZD went straight up with 2 impulsive candles. This may indicate a continuation for a long-term uptrend of GBPNZD. Also, on 1hr timeframe, based on order block theory, we have a very strong OB zone (after breaking various previous high) of 1.92090-1.91738. Price may retest this zone before continue to push up.
- Fundamental analysis: UK is one of the countries that have massive recovery from COVID pandemic (61.1% of total population got vaccinated). This indicates that #GBP can go up in the next weeks
Hence, my bias for GBPNZD is long.
- Technical analysis: Recently, after retesting the 4hr demand zone of 1.92220-1.91720, GBPNZD went straight up with 2 impulsive candles. This may indicate a continuation for a long-term uptrend of GBPNZD. Also, on 1hr timeframe, based on order block theory, we have a very strong OB zone (after breaking various previous high) of 1.92090-1.91738. Price may retest this zone before continue to push up.
- Fundamental analysis: UK is one of the countries that have massive recovery from COVID pandemic (61.1% of total population got vaccinated). This indicates that #GBP can go up in the next weeks
Hence, my bias for GBPNZD is long.
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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.
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.