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GBPNZD Market Analysis: Fibonacci Analysis

Posted on Nov 9, 2023 | by Yuki Tanaka

What’s the scoop, traders? Is a Bearish trend setting in on the GBPNZD daily chart from 8th Nov to 9th Nov 2023 or a bullish vibe targeting Fibonacci Expansion Level 61.8? The formation is still in progress and it’s about to touch the baseline 0% at 1.88388. We see that the market has created a lower high. The chance that the market might fall below 0%, but if the market breaks the last lower high then it has a chance to touch or reach the 61.8 Fibonnai Expension Level. We hope you are gearing up to catch the movement and confirm the signal with other technical analysis.


The content of this article is purely educational purpose does not give any trading advice to Buy or sell securities. All investing and trading in the securities market involve risk. IntraQuotes disclaims any liability for any damages or losses that may arise from using the information in this article. Traders are solely responsible for their own decisions and actions when choosing and trading with any broker. IntraQuotes disclaims any liability for any damages or losses that may arise from using the information in this content.



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