Weekly Analysis 13/05/2022

DAILY ANALYSIS

Traders can follow economic events or news which may affect the trend of this pair, to adjust on trade position.

 

Hourly GBP/NZD

Support & Resistance: S1: 1.961
From the hourly chart, it has formed a flag chart pattern. It is an uptrend chart pattern, traders may trade a long position while it falls around the support level. And waits for the breakthrough.

TRADING TIPS


Long Position

1.951

1.971

1.941