CyclicalWaves
Long

GBPNZD; Diminishing Bearish Power

FX:GBPNZD   British Pound / New Zealand Dollar
This pair has been falling since late September through a descending channel . The warning point for bears is that unlike many occasions in the past, in the latest upward push towards the upper boundary of the channel which coincides with the latest broken support line, this time we have yet to see a powerful move lower. Price is flirting with the channel which is a bullish sign.

If the bulls manage to the break the channel to the upside, a decent correction is expected.

Good luck,

Cyclical Wave Group
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out