Weekly Analysis : 23 - 27 Dec 2019 : GBPNZD
Timeframe Day Analysis
From late July to mid October, buyers have been in command during this period and prices were consolidating till Mid December, when the recent news cause a major hike followed by an almost immediate price collection.
In a Day Timeframe, we have identify two very strong resistance area, 1.95730 to 1.96807 and the second area is 2.01528 to 2.03526
Timeframe H4 Analysis
In a H4 timeframe, we can see the price was rejected at 1.96795 and it restested 1.96795 currently and is again rejected. We will be watching this pair on the 23rd December for a Buy candle to close and we can commence a Buy with 3 TP
From late July to mid October, buyers have been in command during this period and prices were consolidating till Mid December, when the recent news cause a major hike followed by an almost immediate price collection.
In a Day Timeframe, we have identify two very strong resistance area, 1.95730 to 1.96807 and the second area is 2.01528 to 2.03526
Timeframe H4 Analysis
In a H4 timeframe, we can see the price was rejected at 1.96795 and it restested 1.96795 currently and is again rejected. We will be watching this pair on the 23rd December for a Buy candle to close and we can commence a Buy with 3 TP