GBPNZD is currently approaching the golden resistance level 1.9625 – standing well above the upper daily Bollinger Band. This level formed a few consecutive reversal patterns Shooting Star over the last few trading sessions, highlighted below. Selected Alpha ranks the strength of this golden resistance level 38.53 Reversal Factor level – increasing the probability of the intraday reversal.
Selected Alpha include the early warning systems which notify you before price approaches important future reversal points – the following at the probable upcoming Bollinger band tests:
The duration from last touches of the upper and lower Bollinger bands: