Trading Idea - GBP/NZD, 30-11-2023 | IFCM Iran
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Trading Idea - GBP/NZD, 30-11-2023

Trading Idea - GBP/NZD, 30-11-2023

Trading Signal: GBPNZD

OrderSell
DirectionBearish
PatternTrading in descending triangle
IntervalDaily
Length (Candles)4

Idea Summary


The GBPNZD price forecast is bearish. The GBPNZD price is testing the support of a descending triangle chart pattern above the 200-period moving average MA(200). Most likely the price will breach below the support and continue falling after it breaches below the MA(200) while there is a likelihood it may fail to breach below support and start rising as it reverses up.

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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