riffster21

GBP & NZD - Long Term Market Barometer Outlook

OANDA:EURUSD   Euro / Dolar A.S.
Hi guys, the GBP and NZD are basically doing the same thing, so I lumped them together. The NZD has a more dynamic range, but that's about it. Both are in a down trending wedge and ready for a breakout. If you noticed, most of the currencies are getting to the end of a pattern and ready for a larger breakout. This doesn't happen very often (1 or 2 time per month at most). We should see some nice moves soon.

This is not investment advice, just my opinion(s). Please trade accordingly.

Trade safe and keep an eye on news.
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