Buy GBPNZD at the next dip, bullish Descending Triangle pattern almost exhausted on 4hr TF.

The GBPNZD is indeed the currency pair of interest for the coming week and here is what technical analysis says about this pair.

  • Bullish Descending Triangle Chart Pattern almost exhausted on 4hr TF.
  • Tripple Bottom Chart Pattern on daily TF (verified resistance level).
  • Price taking support on Murray Math 2/8 level (Pivot, Reverse – major) on Monthly TF, 2/8 level (Pivot, Reverse – major) on Weekly TF and 0/8 level (ultimate reversal) on daily TF.
  • Morning Star Bullish engulfing pattern on daily TF.
  • Classical Bullish Divergence on 25 period RSI.

Possible price target seen at 1.8300

Trade wisely!!!

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