GBPNZD analysis for 03.02.2023
Abstract：The summary of British Pound / New Zealand Dollar is based on the most popular technical indicators, such as Moving Averages, Oscillators and Pivots.
The summary of British Pound / New Zealand Dollar is based on the most popular technical indicators, such as Moving Averages, Oscillators and Pivots. The GBPNZD price line has recently oscillated in a restricted band. On this chart, a neutral trend has led to the formation of a static support line, shown as a light green area below the price line. The red descending line above the price line reflects the static resistance level that has formed above the price line. The MACD and RSI on the chart indicate that an upward wave may be forming. Traders can keep a close eye on the chart for a possible retest of the support zone of the upside trigger. From there, you can enter long positions and reach the resistance levels shown below.
• There is a resistance level at 1.89950 followed by resistance at 1.91231 and 1.92300.
• There is a support level at 1.88100. Below, there is 1.87850 and 1.87100.
Caution: Wikifx do not suggest any investment advice, and these analyses are just to increase the traders awareness but not a certain instruction for trading or financial investment advice, kindly make your further research.
Read more
Forex Trading Lot Size: Decide it Right to Reap the Right Results
Determining the right forex trading lot size is pivotal to enjoying a long run in the forex market. Go through this guide to know how to do it.
The Dollar Keeps Falling: How Should We View Exchange Rate Volatility?
The U.S. dollar continues to weaken, triggering ripple effects across global markets. Beneath the currency’s depreciation lies a deeper crisis in its credibility, institutional foundation, and global financial status.
Are Trading Courses and Mentors a Fast Track or a Financial Trap?
In recent years, trading has become more popular than ever. Social media is full of people showing off their “trading lifestyle” with expensive cars, luxury holidays, and promises of easy money. Many of them claim to be mentors, investment coaches, or run online trading academies. They say they can turn beginners into full-time traders in just a few weeks. But is it true, or is it just a clever scam?
Gold Prices Pull Back, Near Four-Week Low Amid Easing Risk Sentiment
As risk aversion fades and investors turn their attention to U.S. inflation data, gold prices retreat sharply, falling to their lowest levels in nearly a month.
WikiFX Broker
Latest News
The Dollar Keeps Falling: How Should We View Exchange Rate Volatility?
WikiFXAsia-Pacific markets rise as investors parse a slew of data releases
WikiFXAsia-Pacific markets mostly rise as investors parse a slew of data releases
WikiFXWikiFX Gala Night Malaysia Concludes Successfully
WikiFXIG Group Unlocks Over £425 Million amid a Capital Reduction
WikiFXGold Prices Fall by INR 39,300 in the Last Week? What's Next Week's Outlook?
WikiFXEuropean stocks open slightly higher as UK-U.S. trade deal cuts autos, aviation tariffs
WikiFXTreasury yields tick lower as Trump's spending bill in focus
WikiFXEuropean stocks mixed as UK-U.S. trade deal cuts autos, aviation tariffs
WikiFXRipple and SEC Drop Appeals, Bringing 5-Year Legal Saga to a Close
WikiFXRate Calc
