GBPNZD Weekly Forex Forecast 30 September to 6th October
Midterm forecast:
Although current trend is uptrend, but we forecast a downtrend wave would begin in Midterm.
Technical analysis:
A peak is formed in daily chart at 1.9855 on 09/26/2018, so more losses to support(s) 1.9620, 1.9460, 1.9350 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 50.
Although current trend is uptrend, but we forecast a downtrend wave would begin in Midterm.
Technical analysis:
A peak is formed in daily chart at 1.9855 on 09/26/2018, so more losses to support(s) 1.9620, 1.9460, 1.9350 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 50.
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