GBPZMW Technical Analysis: Corrective Wave UnderwayIn the last update, we were looking forward to seeing the completion of wave 5. GBPZMW now appears to have completed a full five-wave impulsive structure on the monthly timeframe, marking the possible end of a major bullish cycle. This pair has been showing early signs of a corrective decline, with
Related currencies
GBPZMW BullishThe chart on GBPZMW looks very interesting to watch and hence sharing my technical views on this pair.
As illustrated on the interactive chart, I expect GBPZMW to resume the bullish impulse on the monthly timeframe, and looking at two (2) price targets:
1 GBP = 36.7 ZMW - 1st Target
1 GBP =
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.