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Home Analysis

GBP/NZD analysis 24.11.2020

News Feed by News Feed
November 24, 2020
in Analysis
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The currency pair is trading in the range of a descending price channel. At the same time, the support level of 1.9074 holds back sellers, Awesome Oscillator indicator shows a bullish divergence, and Stochastic Oscillator moving indicators showed an exit from the oversold zone and are directed upwards.

Trading recommendations:

Buy when an ascending pattern 1-2-3 is formed, where wave 1 breaks through the upper border of the descending price channel.

Stop Loss below the support level of 1.9074.

Target levels: 1.9400; 1.9620.


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Tags: GBP/NZDGrandCapital
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