GBPNZD to rejoin monthly trendline?
Hello Traders
Where are we at with GBPNZD?
What we need to look at is growing pressure on the NZD after Fridays Trump "Press Conference".
Pair that with the current GBP outlook, it could be interesting.
CoT data provided free of charge through CFTC, showing both pairs are more shorts than longs.
To conclude, I foresee the weekly uptrend breaking.
I will be actively watching this pair as it could accept the rejection of the trendline, but it could retest further up and possibly even go the other way!
I can also see it touching and rejoining the monthly trend line.
I shall be reacting, not predicting.
Could this be the case? Feel free to comment and criticise.
Please like and comment on this chart, any questions please do not hesitate to message me on here or on telegram.
@Roo_Martin
Always happy to help.
Happy trading
Roo :)
Please remember I am a hobby trader, this is not financial advice and any losses or gains are your own!
Be sure to like and comment on the chart and follow me on trading view.
Where are we at with GBPNZD?
What we need to look at is growing pressure on the NZD after Fridays Trump "Press Conference".
Pair that with the current GBP outlook, it could be interesting.
CoT data provided free of charge through CFTC, showing both pairs are more shorts than longs.
To conclude, I foresee the weekly uptrend breaking.
I will be actively watching this pair as it could accept the rejection of the trendline, but it could retest further up and possibly even go the other way!
I can also see it touching and rejoining the monthly trend line.
I shall be reacting, not predicting.
Could this be the case? Feel free to comment and criticise.
Please like and comment on this chart, any questions please do not hesitate to message me on here or on telegram.
@Roo_Martin
Always happy to help.
Happy trading
Roo :)
Please remember I am a hobby trader, this is not financial advice and any losses or gains are your own!
Be sure to like and comment on the chart and follow me on trading view.
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