GBPNZD analysis on dated 9-8-2019

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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 day moving average’s [Respectively at 1.86920 and 1.87270] Finally, the GBP/NZD has penetrated its lower Bollinger band (1.86420)

Type: Intraday analysis

Recommendation: Sell/Sell limit @ 1.86550  Target: 60 pips

Make the trade
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