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Here we have our GBPNZD chart.
Price as you can see has been driven way down by GBP weakness.
This has brought our Stochastic oscillator down to oversold and we are way far off our moving averages.
Price is cheap and we want to buy.
You can see, price has been rejected from this zone previously and has now been rejected from the current area, both labelled by the eclipse.
Now is the time to buy for a move up to our target noted by the arrow.
Here we have our GBPNZD chart.
Price as you can see has been driven way down by GBP weakness.
This has brought our Stochastic oscillator down to oversold and we are way far off our moving averages.
Price is cheap and we want to buy.
You can see, price has been rejected from this zone previously and has now been rejected from the current area, both labelled by the eclipse.
Now is the time to buy for a move up to our target noted by the arrow.
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bit.ly/willsbpa
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Posts Not financial advice.