GBP/NZD – Currency exchange rate forecast 07.08.2019: the downside prevails as long as 1.8887 is resistance

GBP/NZD - Currency exchange rate forecast 07.08.2019: the downside prevails as long as 1.8887 is resistance

Alternative scenario: the upside breakout of 1.8887 would call for 1.8977 and 1.9031.

Our pivot point is at 1.8887.

Our preference: the downside prevails as long as 1.8887 is resistance.

Alternative scenario: the upside breakout of 1.8887, would call for 1.8977 and 1.9031.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.8839 and 1.8821).

Supports and resistances:

1.9031 **

1.8977 *

1.8887 **

1.8852

1.8816 last

1.8689

1.8636 **

1.8582 *

1.8529 **

GBP/NZD – Currency exchange rate forecast 03.07.2019: rebound towards 1.8933

GBP/NZD - Currency exchange rate forecast 03.07.2019: rebound towards 1.8933

Alternative scenario: the downside breakout of 1.8691 would call for 1.8601 and 1.8548.

1.8691 is our pivot point.

Our preference: rebound towards 1.8933.

Alternative scenario: the downside breakout of 1.8691 would call for 1.8601 and 1.8548.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading above its 20 MA (1.8766) but under its 50 MA (1.8818).

Supports and resistances:

1.9040 **

1.8986 *

1.8933 **

1.8879

1.8769 last

1.8727

1.8691 **

1.8601 *

1.8548 **

GBP/NZD – Currency exchange rate forecast 01.07.2019: the upside prevails as long as 1.8873 is support

GBP/NZD - Currency exchange rate forecast 01.07.2019: the upside prevails as long as 1.8873 is support

Alternative scenario: the downside breakout of 1.8873 would call for 1.8782 and 1.8728.

Our pivot point stands at 1.8873.

Our preference: the upside prevails as long as 1.8873 is support.

Alternative scenario: below 1.8873, expect 1.8782 and 1.8728.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.8918 and 1.8910).

Supports and resistances:

1.9224 **

1.9170 *

1.9116 **

1.9062

1.8948 last

1.8908

1.8873 **

1.8782 *

1.8728 **

GBP/NZD – Currency exchange rate forecast 19.06.2019: as long as 1.9276 is support look for 1.9519

GBP/NZD - Currency exchange rate forecast 19.06.2019: as long as 1.9276 is support look for 1.9519

The MACD is below its signal line and positive.

Our pivot point is at 1.9276.

Our preference: as long as 1.9276 is support look for 1.9519.

Alternative scenario: below 1.9276, expect 1.9183 and 1.9128.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.9331 and 1.9277).

Supports and resistances:

1.9629 **

1.9574 *

1.9519 **

1.9463

1.9352 last

1.9313

1.9276 **

1.9183 *

1.9128 **

GBP/NZD – Currency exchange rate forecast 17.06.2019: the downside prevails as long as 1.9385 is resistance

GBP/NZD - Currency exchange rate forecast 17.06.2019: the downside prevails as long as 1.9385 is resistance

The configuration is negative.

Our pivot point stands at 1.9385.

Our preference: the downside prevails as long as 1.9385 is resistance.

Alternative scenario: the upside breakout of 1.9385, would call for 1.9477 and 1.9532.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.9333 and 1.9350).

Supports and resistances:

1.9532 **

1.9477 *

1.9385 **

1.9348

1.9311 last

1.9194

1.9139 **

1.9084 *

1.9029 **

GBP/NZD – Currency exchange rate forecast 11.06.2019: as long as 1.9246 is support look for 1.9493

GBP/NZD - Currency exchange rate forecast 11.06.2019: as long as 1.9246 is support look for 1.9493

The pair could retrace.

Our pivot point is at 1.9246.

Our preference: as long as 1.9246 is support look for 1.9493.

Alternative scenario: below 1.9246, expect 1.9154 and 1.9099.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.9319 and 1.9261).

Supports and resistances:

1.9604 **

1.9549 *

1.9493 **

1.9438

1.9326 last

1.9283

1.9246 **

1.9154 *

1.9099 **

GBP/NZD – Currency exchange rate forecast 05.06.2019: the downside prevails as long as 1.9225 is resistance

GBP/NZD - Currency exchange rate forecast 05.06.2019: the downside prevails as long as 1.9225 is resistance

The MACD is below its signal line and negative.

Our pivot point is at 1.9225.

Our preference: the downside prevails as long as 1.9225 is resistance.

Alternative scenario: the upside breakout of 1.9225, would call for 1.9317 and 1.9372.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.9187 and 1.9206).

Supports and resistances:

1.9372 **

1.9317 *

1.9225 **

1.9189

1.9144 last

1.9026

1.8971 **

1.8917 *

1.8862 **

GBP/NZD – Currency exchange rate forecast 01.06.2019: rebound towards 1.9491

GBP/NZD - Currency exchange rate forecast 01.06.2019: rebound towards 1.9491

Alternative scenario: below 1.9240, expect 1.9148 and 1.9093.

Our pivot point is at 1.9240.

Our preference: rebound towards 1.9491.

Alternative scenario: below 1.9240, expect 1.9148 and 1.9093.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.9327 and 1.9351).

Supports and resistances:

1.9602 **

1.9546 *

1.9491 **

1.9436

1.9320 last

1.9277

1.9240 **

1.9148 *

1.9093 **

GBP/NZD – Currency exchange rate forecast 25.05.2019: our next up target stands at 1.9574

GBP/NZD - Currency exchange rate forecast 25.05.2019: our next up target stands at 1.9574

Alternative scenario: the downside breakout of 1.9326 would call for 1.9233 and 1.9178.

Our pivot point stands at 1.9326.

Our preference: our next up target stands at 1.9574.

Alternative scenario: below 1.9326, expect 1.9233 and 1.9178.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.9388 and 1.9407).

Supports and resistances:

1.9685 **

1.9629 *

1.9574 **

1.9519

1.9407 last

1.9362

1.9326 **

1.9233 *

1.9178 **

GBP/NZD – Currency exchange rate forecast 14.05.2019: rebound towards 1.9807

GBP/NZD - Currency exchange rate forecast 14.05.2019: rebound towards 1.9807

Alternative scenario: the downside breakout of 1.9562 would call for 1.9468 and 1.9412.

Our pivot point stands at 1.9562.

Our preference: rebound towards 1.9807.

Alternative scenario: the downside breakout of 1.9562 would call for 1.9468 and 1.9412.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.9648 and 1.9675).

Supports and resistances:

1.9919 **

1.9863 *

1.9807 **

1.9751

1.9637 last

1.9599

1.9562 **

1.9468 *

1.9412 **