Home > News > Currency News > Detail
Bookmark and Share

GBP/NZD Price Analysis: Bulls are still in the picture

2021-02-26 08:10    FXYEAH
  • GBP/NZD bulls are seeking an optimal entry point.
  • The daily target is compelling as the price stabilises at support.  

As per the prior analysis, GBP/NZD Price Analysis: Bulls look to a 50% mean reversion of daily candle, the market remains favourable for an upside correction. 

Prior analysis, daily chart

GBP/NZD Price Analysis: Bulls are still in the picture Currency News 1

Live market, daily

GBP/NZD Price Analysis: Bulls are still in the picture Currency News 2

While the position is there, the hourly conditions are critical. 

Prior analysis, hourly chart

GBP/NZD Price Analysis: Bulls are still in the picture Currency News 3

Live market, hourly 

GBP/NZD Price Analysis: Bulls are still in the picture Currency News 4

Ignoring the spike, which is a false read, the price has been building a bullish case in the consolidation and higher lows. 

MACD is turning higher and bulls can continue to monitor for bullish structure and an optimal entry point over the course of the coming sessions. 

GBP

0 traders reviewed this item, please leave a reply!

About FXYEAH | Broker Listing | Contribute | Contact Us | Sitemap | TagCloud
Disclaimer: All contents of site are only for your reference, don't suggest you do any investment decision, you should be responsible for your decision.