GBPNZD FORECAST AND TRADE IDEA
GBPNZD FORECAST (requested by one of our subs)
- Technical analysis: Recently, after retesting the 4hr demand zone of 1.92220-1.91720, GBPNZD went straight up with 2 impulsive candles. This may indicate a continuation for a long-term uptrend of GBPNZD. Also, on 1hr timeframe, based on order block theory, we have a very strong OB zone (after breaking various previous high) of 1.92090-1.91738. Price may retest this zone before continue to push up.
- Fundamental analysis: UK is one of the countries that have massive recovery from COVID pandemic (61.1% of total population got vaccinated). This indicates that #GBP can go up in the next weeks
Hence, my bias for GBPNZD is long.
- Technical analysis: Recently, after retesting the 4hr demand zone of 1.92220-1.91720, GBPNZD went straight up with 2 impulsive candles. This may indicate a continuation for a long-term uptrend of GBPNZD. Also, on 1hr timeframe, based on order block theory, we have a very strong OB zone (after breaking various previous high) of 1.92090-1.91738. Price may retest this zone before continue to push up.
- Fundamental analysis: UK is one of the countries that have massive recovery from COVID pandemic (61.1% of total population got vaccinated). This indicates that #GBP can go up in the next weeks
Hence, my bias for GBPNZD is long.
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