LeoPrime Daily Market Analysis

We are a forex and commodities intermediary that accommodates
wide-ranging trading services to create the most user-friendly trading environment..

GBPNZD reversed from 2.10000 resistance area; Likely to fall to 2.04850

GBPNZD recently reversed down from the resistance area located between the key resistance level 2.10000 (which earlier reversed the price sharply in March), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous downward correction 2 from the start of March. The downward reversal from this resistance area will form the daily Evening Star if the price closes near the active levels. GBPNZD is likely to extend the losses toward the next support level 2.04850 (which has been reversing the price from the end of March). Strong resistance remains at the resistance level 2.10000

Company Info

We are a forex and commodities intermediary that accommodates wide-ranging trading services to create the most user-friendly trading environment for both retail and institutional clientele. With years of gathered expertise as experience, we are not just invested in keeping up with the latest but also in generating custom solutions that are executable swiftly. Discover and flourish in our business model that has evolved to meet the skills of ace and naïve of a tyro with equal proficiency. If you’re looking to make the choice, then wait no further.