GBP/NZD – Continuing the channel

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GBP/NZD – Continuing the channel

By Pro Act Traders — Author

Bearish: Forex Strategies: Currently we are at 2.1240 in a new channel. We are looking for a continuation to the ATR target @ 2.1150 area with a further target the 0,382 Fibo @ 2.1122. Watch the USDX for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 124 pips per day and it’s 90 day average is 124 pips per day. My Forex Analysis says USDX is currently down.

Posted to Introduction to Forex Targe… on Sep 10, 2024 — 8:09 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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