GBPNZD
GBP/NZD BEARS ARE STRONG HERE|SHORT
Hello,Friends!
GBP/NZD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2.044 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBPNZD expected a strong pullbackGBPNZD is having a bounce off the downtrend trendline for the second time. This is the price action we've been waiting for. Unless a new higher high is printed, we expect a relatively strong pullback, to test the long-term downtrend trendline and 61.8% Fibonacci support.
GBPNZD: Sell signal targeting 2.0200.GBPNZD reached the top of the 5 month Rising Megaphone and straight after the 1D RSI turned overbought (RSI = 57.238, MACD = 0.009, ADX = 19.804), the price got rejected on a HH. As you can see, the same overbought level caused the April 26th rejection on the HH line. Our target is the HL trendline (TP = 2.0200).
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GBPNZD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPNZD - Looking For Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on WEEKLY: Left Chart
GBPNZD is sitting around a strong weekly resistance in green, so we will be looking for sell setups on lower timeframes.
on H4: Right Chart
GBPNZD has been overall bearish trading inside the red channel and it is currently sitting around the upper trendline.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline.
As per my trading style:
As GBPNZD is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPNZD H4 | Bullish reversal from 38.2% Fibo?GBPNZD is falling towards a key support level and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 2.03638
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 2.02158
Why we like it:
There is an overlap support that sits below the 50.0% Fibonacci retracement level
Take Profit: 2.06120
Why we like it:
There is an overlap resistance
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBPNZD to find sellers at market?GBPNZD - 24h expiry
Previous support located at 2.0400.
Previous resistance located at 2.0450.
Price continues to trade within the triangle formation.
A move through 2.0375 will confirm the bearish momentum.
The formation has a measured move target of 2.0100.
We look to Sell a break of 2.0390 (stop at 2.0460)
Our profit targets will be 2.0220 and 2.0180
Resistance: 2.0450 / 2.0500 / 2.0550
Support: 2.0400 / 2.0375 / 2.0100
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
GBP/NZD Made Head&Shoulders Pattern ,Ready For Sell After RetestThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPNZD-4HR INCOMING STRONG SELL Hey Everyone, We had a long bullish impulse on FX:GBPNZD , price broke out and sellers now have control. Looking at 4HR market structure, price is looking to drop significantly to fill up the gap that price have left behind.
Let's not miss out on a great opportunity, thank you for your support :)
GBPNZD to find buyers at previous support?GBPNZD - 24h expiry - We look to Buy at 2.0415 (stop at 2.0365)
Previous support located at 2.0400.
Previous resistance located at 2.0500.
Price continues to trade within the triangle formation.
We expect a reversal in this move.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
Our profit targets will be 2.0535 and 2.0565
Resistance: 2.0500 / 2.0600 / 2.0650
Support: 2.0450 / 2.0400 / 2.0300
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
GBPNZD - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect price to continue the retracement to fill that huge imbalance lower and then to reject from bullish order block + institutional big figure 1.99000.
Fundamental analysis: Upcoming week on Wednesday we have news on GBP, will be released monthly GDP & on Thursday on NZD will be released quarterly GDP. Pay attention to the results in order to validate the analysis.
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GBPNZD Will Move Higher! Long!
Please, check our technical outlook for GBPNZD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 2.058.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2.080 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.
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GBP/NZD:Bullish Momentum Intact with Potential for Fresh ImpulseThe GBP/NZD is currently exhibiting a sustained bullish trend across all timeframes. Yesterday, the price initiated a retracement after experiencing a pullback at the 50% Fibonacci level from the previous swing. Based on this, our analysis suggests the possibility of a new upward impulse, with a target for profit-taking in the 2.0800 area.
However, during the European trading hours on Thursday, the 2-year UK gilt yield has declined by nearly 1% for the day. This decline in yield poses a challenge for the GBP/NZD to gather bullish momentum. Additionally, the UK's FTSE 100 Index remains in negative territory, thereby limiting the potential gains for the risk-sensitive Pound Sterling. Despite these factors, we are still on the lookout for a bullish setup in the GBP/NZD.
EURNZD I Bullish flag and continuationWelcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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