empty
25.02.2020 08:14 AM
Medium-term outlook for the fall of GBP/NZD

GBP/NZD

A reversal divergence is formed on the weekly chart using the Marlin oscillator. The price of the current candle for a short time went above the level of 2.0425 and returned under it. This level is very strong and has strategic importance. Starting from May 2010, the price reversed from it many times or accelerated after the breakdown.

This image is no longer relevant

Now we are seeing a price reversal from the level down. The first goal of the decline will be to support the MACD line at 1.9900, however, this is only the beginning. If a reversal does occur, the MACD line will be overcome. This will become an additional strengthening bearish factor and the price will fall to the target level of 1.8958 - until the top of May 2017. Overcoming the level opens the way to an even lower goal of 1.8274 - the minimum of July 2019.

This image is no longer relevant

According to the daily chart of the GBP/NZD pair, the divergence has already been formed.

This image is no longer relevant

As seen on the H4, a double divergence is already in effect and the Marlin oscillator - in the fall zone of the trend.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/USD. March 28th. Bears Retreat, but Haven't Surrendered

On Thursday, the EUR/USD pair rebounded from the 161.8% Fibonacci retracement level at 1.0734 and rose to the resistance zone of 1.0781–1.0797. A rebound from this zone would favor

Samir Klishi 10:48 2025-03-28 UTC+2

GBP/USD. March 28th. Disappointing Results from the British Economy

On the hourly chart, the GBP/USD pair on Thursday rebounded from the 1.2865 level, reversed in favor of the pound, and rose above the 1.2931 level, which carries no weight

Samir Klishi 10:36 2025-03-28 UTC+2

EUR/USD and GBP/USD March 28 – Technical Analysis

As the week comes to an end, the market remains indecisive, with no clear preferences evident. Yesterday, the bulls made some progress, adjusting the prevailing bearish sentiment. To confirm

Evangelos Poulakis 09:09 2025-03-28 UTC+2

EUR/USD Forecast for March 28, 2025

The key economic report yesterday—U.S. Q4 GDP—came in at 2.4% versus 2.3% expected. However, three major agencies—Moody's, Fitch Ratings, and S&P Global—warned of a potential downturn due to restrictive tariffs

Laurie Bailey 04:01 2025-03-28 UTC+2

GBP/USD Forecast for March 28, 2025

Although the U.S. data showed a growth of 2.4% compared to the expected 2.3%, the dollar index fell by 0.28%. The pound surged by 78 pips, nearly reaching the 1.3001

Laurie Bailey 04:01 2025-03-28 UTC+2

USD/JPY Forecast for March 28, 2025

Yesterday, Donald Trump signed an executive order imposing a 25% tariff on all automobiles and auto parts imported into the U.S. The tariff on vehicles will take effect on April

Laurie Bailey 04:01 2025-03-28 UTC+2

Trading Signals for EUR/USD for March 27-29, 2025: buy above 1.0790 (21 SMA - 8/8 Murray)

If the euro continues its rebound and consolidates above 1.0790 in the coming hours, we could expect EUR/USD to continue rising. So, the instrument could reach +2/8 Murray at 1.0986

Dimitrios Zappas 13:55 2025-03-27 UTC+2

Trading Signals for GOLD (XAU/USD) for March 27-29, 2025: sell below $3,057 (double top - 7/8 Murray)

If gold fails to break above 3,057, it will be seen as a signal to sell with a target at 3,023. Moreover, we could expect it to reach

Dimitrios Zappas 13:54 2025-03-27 UTC+2

Forex forecast 27/03/2025: EUR/USD, USD/JPY, USDX and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 11:24 2025-03-27 UTC+2

EUR/USD – March 27th: The Dollar Gradually Strengthens

On Wednesday, the EUR/USD pair continued to decline, stopping only near the 161.8% Fibonacci retracement level at 1.0734. A rebound from this level allowed the pair to recover

Samir Klishi 10:37 2025-03-27 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.