From this analysis, GBP/NZD price is on Right shoulder of the current bearish trend.
It's expected if the candle closes below the 1.91812 price, there is a chance of bearish trend expected until price @ 1.89234
Midterm forecast:
While the price is below the resistance 1.9965, beginning of downtrend is expected.
We make sure when the support at 1.9350 breaks.
If the resistance at 1.9965 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Price may also reach 1.9350, if price reaches this level, we may enter by Daily-Trading-Opportunities, this...
From the chart, the price is now at the crossroads, it's also a prefect example for technical analysis .
It has already formed a bearlish bat from 2016.07-2016.05, and successfully reached the target price; Now, the D-point is converted to X point and form a bearlish bat again with the potential reversal zone made by 2.24BC and 0.886 XA.
There is also a...
Price action is trying to break the resistance at 1.776. Buy above 1.780 for the targets shown in the chart. Higher time frames show the forex pair is bullish.
![GBPNZD: [New Chart]: There is a new opportunity to sell in GBPNZD...](https://s3.tradingview.com/j/JGnAVSY1_mid.png "[New Chart]: There is a new opportunity to sell in GBPNZD...")
![GBPNZD: [the crossroads] Bearlish bat in GBP/NZD or triangle breakout](https://s3.tradingview.com/g/GI36wqsK_mid.png "[the crossroads] Bearlish bat in GBP/NZD or triangle breakout")
