GBPNZD FORECAST UPDATE In the one-month timeframe, GBPNZD has mitigated the long-term supply zone (in red). The long-term outlook on the monthly timeframe is largely bearish, though the pair was in bullish mitigation or correction. Presently on the monthly time frame, we have strongly protected highs with weak lows confirming our bearish market structure. After the bullish […]
NZDCHF FORECAST Across major pairs, the Swiss Franc (CHF) has been bullish creating new lows on monthly timeframes for all cross-CHF pairs. Presently, on the monthly timeframe, we have a bearish market structure. On the daily timeframe, we are looking at a possible shift in order flow from bearish to bullish; a corrective bullish move.