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GBPNZD

GBPNZD Technical Analysis! BUY! My dear subscribers, GBPNZD looks like it will make a good move, and here are the details: The market is trading on 2.0404 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 2.0434 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
7 Dimension Analysis For GBPNZD Yearly: The market is entrenched in a multi-year downtrend. Despite yearly structure breakouts, rejections from the CIP level have been consistent, indicating strong resistance. The failure to breach upper yearly resistance suggests substantial selling pressure. A post-breakout bearish buildup implies a high likelihood of further downside in the coming years. Monthly: A shift from a bullish to a bearish character is evident. Strong resistance rejections, particularly marked by a classic doji in August 2023 within a blue-box-highlighted area, indicate significant downward potential. The momentum flow in August 2023 adds conviction to the bearish scenario. Weekly: While the weekly chart shows some sideways movement, the current positioning lacks clarity. Further examination is required for a comprehensive view of the market dynamics. 😇7 Dimension Analysis Time Frame: Daily Swing Structure: Bearish Structure Behavior: Choch 50% Swing Move: Impulsive Inducement: Done; high is confirmed Pull Back: 1 Internal Structure: Bearish Ext OB: Unmitigated Resistance: Found at the FVG area, with demand formed and three proper IFC rejections. Time Frame Confluence: Daily Pattern Chart Patterns: A rounding triple top within a green rectangle indicates a bearish breakout, signaling the end of the corrective move. Candle Patterns: Inside, with a Harami on Friday close. Volume Fixed range volume indicates a strong seller presence. Significant bearish volume is observed at the green rectangle. During the cycle, only one bearish candle had a significant impact on price. Momentum RSI Zone: Sideways Range shift: Not clear but oscillating between sideways to bearish. Divergence: A hidden bullish divergence suggests the potential for short-term bullish momentum. Overbought sold rejections count: 1, with a bullish divergence. Volatility Bollinger Bands The middle band is below, indicating a bearish trend. Expansion suggests a short-term sideways zone. Just finished a walking on the band. Strength According to ROC Values: -0.37 GBP vs. 3.5 NZD, indicating NZD's strength. Sentiment High selling sentiment according to all the studies. ✔️Entry Time Frame: H1 ✅Entry TF Structure: Bearish ☑️Current Move: Impulsive is starting. ✔Support Resistance Base: Extreme supply area. ☑️Candles Behavior: Rally-based drop, Momentum. ☑️Trend Line Marked: Waiting for breakout. 💡Decision: Ready for sell 🚀Entry: 2.046 ✋Stop Loss: 2.0602 🎯Take Profit: 1.9750 2nd If Internal Structure change also Exit 3rd trendline breakout, Fomo 😊Risk to Reward Ratio: 1:5 🕛Expected Duration: 15 days SUMMARY: The analysis reveals a strongly bearish sentiment in the market. The yearly and monthly perspectives provide a broader context, while the daily analysis points to an imminent impulsive move. The entry strategy aligns with the overall bearish outlook, with a clear risk-to-reward ratio and an expected duration of 15 days.
Short
by Optimum369
2
For wave (B) a sideways structure is possibleDear FRIEND, I hope you're doing well and that the new year has started on a good note for you. I wish you success in your business endeavors and a happy new year with your loved ones. As someone interested in the Elliott Wave principle, I find it to be a valuable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market. I am sharing my analysis with you. However, please note that I am not providing any buy or sell signals. My goal is to share my unbiased analysis with you so that you can use it as a guide to make informed decisions. In the attachment, I have included my previous analysis of the same market so that you can compare and see the. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily). I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished. Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, (Mr. Nobody)
Long
by mehdi47abbasi79
2
GBPNZD Is Bearish! Short! Please, check our technical outlook for GBPNZD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2.038. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2.023 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPNZD Downtrend and NZD potential StrengthHey Traders, In today's trading session, our attention is directed towards potential selling opportunities in GBPNZD around the 2.05800 zone. The currency pair is currently navigating a correction phase within its downtrend, steadily approaching the crucial 2.05800 support and resistance area. As we analyze this market, it is crucial to consider the broader market dynamics and the interconnected relationships between various currency pairs and financial instruments. A notable factor to keep in mind is the potential strength in the New Zealand Dollar (NZD), driven by the bullish bias observed in major indices like Nasdaq. The positive correlation between stocks and the NZD suggests a possible influence on currency movements. Traders should remain attentive to evolving market sentiments and global economic factors that might impact the GBPNZD pair. A holistic approach, considering both technical and fundamental aspects, will be essential for making well-informed trading decisions in this dynamic market environment. Trade safe, Joe.
Short
by JoeChampion
GBPNZD - Follow The Bears 🐻Hello TradingView Family / Fellow Traders, 📈 GBPNZD has been overall bearish , trading inside the falling channel in red and it is currently approaching the upper red trendline. Moreover, the zone 2.055 is a robust supply zone. 🎯 Therefore, the highlighted red circle represents a significant area to consider for potential sell setups , as it marks the intersection of the blue supply and upper red trendline. 📚 As per my trading style: As GBPNZD approaches the red circle zone, I will be actively searching for bearish reversal setups to capture the next bearish impulse movement. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Short
by TheSignalyst
Interesting level to watch for GbpAud and GbpNzdHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Let's see how things play out at this key daily level turned Resistance. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys
Sideway corrective pattern??or continuation of the downward trenHello there, I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones. I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering various scenarios that are likely to occur in the market. Although I'm going to share my analysis with you, please note that I won't be providing a buy or sell signal. My goal is to share my unbiased analysis so that you can use it as a guide to make an informed decision. To give you confidence in my analysis, I'll always share my previous analysis from the same market so that you can compare. All the details of my analysis are clearly labeled, making it easy for you to understand. I hope my analysis will be useful to you in your business journey, and I wish you the best. I'm waiting to hear from you. Finally, I'd like to remind you that like-mindedness and support, comments, and likes are the most important pillars of progress, like support points in the financial markets. They give me the energy to continue and share more ideas with you. Sincerely,
by mehdi47abbasi79
GBPNZD Buy signal on a Channel Down.The GBPNZD pair has had a strong decline since our last sell call (November 24, see chart below) breaking even below the 1D MA200 (orange trend-line): The price is currently rising after making a Lower Low but not at the bottom of the (blue) Channel Down. For that reason we consider the emergence of a Diverging Channel Down that can break above both the 1D MA50 (blue trend-line) and the 1D MA200. In any case the probability for a short-term rise is very high as the 1D MACD just completed a Bullish Cross and the last such formation below 0.00 (October 11), pushed the price all the way to the 0.5 Fibonacci retracement level. As a result our target is now 2.05200. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
GBPNZD: Instant Entry on Strong Bearish Trend with DOW Theory📉 Overview: GBPNZD is currently in a robust bearish trend, offering traders an immediate entry opportunity. Our analysis, grounded in DOW Theory, underscores the strength of the downward movement. 📊 Technical Analysis: DOW Theory principles highlight a consistent pattern of lower lows and lower highs, affirming the prevailing bearish trajectory. 📈 RSI Confirmation: RSI shows no bullish divergence, reinforcing the sustainability of the bearish trend. 🎯 Trade Strategy: Proposing an instant entry aligned with the bearish trend, traders can set predefined targets for potential profits. 🛑 Risk Management: Implementing strategic stop-loss orders is crucial to manage risks and safeguard capital. 📉 Conclusion: GBPNZD presents a compelling opportunity for traders to capitalize on the strong bearish trend. Confidence is derived from the synergy of DOW Theory and RSI analysis. Caution, risk management, and close monitoring are advised.
Short
by miansarimhameed
GBPNZD - Getting OverSold!Hello TradingView Family / Fellow Traders, 📈 GBPNZD has been overall bearish, trading inside the falling channel in red and it is currently approaching the lower red trendline. Moreover, the zone 1.985 is a robust demand zone. 🎯 Therefore , the highlighted red circle represents a significant area to consider for potential buy setups, as it marks the intersection of the blue demand and lower red trendline. 📚 As per my trading style: As GBPNZD approaches the red circle zone, I will be actively searching for bullish reversal setups to capture the next bullish impulse movement. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst