GBPNZD Weekly Forex Forecast 22nd October to 28th October by yshashmi37 on TradingView.com

Midterm forecast:

While the price is below the resistance 2.0470, beginning of downtrend is expected.
We make sure when the support at 1.9640 breaks.
If the resistance at 2.0470 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:

There is a divergence in RSI and price between the peak at 2.00305 on 2018-09-18 and the peak at 2.04675 on 2018-10-10, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
A peak is formed in daily chart at 2.0470 on 10/11/2018, so more losses to support(s) 1.9755 and minimum to Major Support (1.9640) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.

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