GBPNZD short

7 июн. 2022 г.

Simple analysis of the pound against the New Zealand dollar. We have a bullish trend that started in April in favor of the pound. This guideline was broken at the end of May and left an attack on the last important support zone (1.92-1.915). This zone held up well and from there an upward attack was seen that broke the sequence of lower-term lower lows. For now, the price has found the lower part of the bullish channel that it has broken and which in turn coincided with a correction of 61 % with respect to the descent that it carries. In terms of indicators we have RSI in the oversold zone, Stochastic in the extreme oversold zone, MACD with the histogram at the top. So we have to be aware that there is no trend reversal technical formation indicator, but it seems to be the best place to do it. Entering so early gives us an advantage and that is that we can work with very close SLs, so our SL will be at 1.9495 and we will look for possible movements towards 1.92.

Good look y nos vemos.