GBP NZD currently short

28 Haz 2020

Long term we will update with our long bias, however the sells are still looking to test the weekly and monthly zone this week.

Technicals:
Downtrend - rejection of monthly supply
Daily in a weekly and monthly zone -
demand could be a potential
swap zone as the zone underneath is a setup for a strong fresh touch of demand.

However, the GBP is weak,
so is the NZD over 13AVG weeks

GBP NZD AVG weekly COT Report, Non commercials:
Short: 43,607 [57%]
Long 31,477 [43%]

Previous week report:
Short 29,654 62%
Long 48,170 38%

NZD USD
Short: 11,705 67 %
Long: 24,107 33%

Short: 16,174 50%
Long:16,189 50%

Note: Trading is about timing. so even if our stop loss gets hit on the chart. We may not have entered all together and orders can be adjusted.
Trade what you see, this is purely our Bias.

Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.

If you like our work, please leave a like or comment.
Many thanks for your support to our existing and new followers. Take care out there.

Thanks,
Team Lupa.