GBP/NZD is in Uptrend on a Daily Time Frame

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

The GBP/NZD is at the support. Market is making 1-2-3 pattern as the price is supported at the M L3 level.

An upper trend line is adding to the confluence of uptrend technicals. 1.9700 is support and we might see the price above the support as its bullish. A bounce off the trend line is aiming for 1.9790 and possibly more. 1.9900 and 2.00 if the market keeps on bullish momentum. This is a daily time frame.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of