GBPNZD Best trading plan for the time being

2023年5月11日

The GBPNZD pair has given us a wonderful buy signal last time we looked at it (January 26) as the analysis below shows, hitting our 2.000 target:

The price is now on the 1D MA50 (blue trend-line) and is a critical level as its closing will decide the short-term trend. If this 1D candle closes below it, we will sell and target the 1D MA200 (orange trend-line) at 1.95000. If it closes above it, we expect a rebound to 2.05000 (below the Resistance).

As you see, we have spotted an identical pattern in 2019, which was what helped us take the strong buy in January. The RSI sequences are also identical


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