GBPNZD: Structure BreakoutThe GBPNZD price successfully broke and closed above an important daily/intraday resistance level, which has now become a support. I anticipate a continuation of the bullish trend on this pair, with targets at 2.1420 and 2.1471.Longby linofx1229
GBPNZD ANALYSIS.A clear break, pullback & continuation candle close above major zone (blue zone) for buy confirmation.Longby exodustv96337
GBPNZD Under Pressure! SELL! My dear friends, GBPNZD looks like it will make a good move, and here are the details: The market is trading on 2.1411 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 2.1301 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK Shortby AnabelSignals111
Why I’m Betting Bearish on GBPNZD: Key Market Drivers ExplainedAs I prepare to share my trade idea for GBPNZD, my overall bias is bearish. Here are some key fundamentals currently influencing this outlook: 1. UK Economic Slowdown: The UK is facing economic challenges, with high inflation and downgraded growth forecasts. This situation tends to weaken the British Pound against other currencies, including the New Zealand Dollar. 2. RBNZ's Hawkish Stance: The Reserve Bank of New Zealand (RBNZ) is likely to maintain a strong monetary policy, focusing on controlling inflation. This contrasts sharply with the UK's more cautious approach, which supports a stronger NZD. 3. Seasonal Trends: Historically, GBPNZD has shown a bearish trend from mid-August through December. This seasonal behavior suggests that now is an opportune time to consider short positions. In my trading strategy for GBPNZD, I rely on probabilities to guide my decisions for entering short positions. In summary, by leveraging probabilities based on historical data and current market fundamentals, I aim to position myself advantageously for short trades on GBPNZD. This disciplined approach aligns with my bearish outlook and enhances my trading effectiveness. I look forward to sharing my journey in this trade and welcome any thoughts or feedback! 2W: Hourly TF: Shortby Jasminex1x2Updated 5
High probability trade/ Bullish on GBPNZDthis is my trade idea on Gbpnzd, good luck to all traders looking for this pair. no financial advice only for educational and trade idea purpose Longby darealkalif1
GBPNZDWe can attempt to buy GBPNZD from specified level as it break LH , also bullish divergence occur indicate that it moves upward. SL , TP mention in chart.Longby SignalEdgeUpdated 3
A possible good sell on GBPNZDJust for a moment, ignore that horizontal level. Why? Because the trendline looks so power on the 1h, 4h, and the daily timeframes. Now let's come back to the horizontal level which seems to be in jeopardy of being broken out of as we speak. Imagine what if this is one of those fake break outs. If that's true, then the trendline is clearly telling us what could be possible as a good sell trade. Lastly, successful Forex traders know that nothing in Forex is 100%. The only thing 100% in Forex trading is probability and improbability. What that means is the trendline may also be broken out of. It may not be broken out of. The bottom line is this one could be a good sell setup. See how the price behaves when it reaches that trend line, if it does reach there. Especially, on the lower time frames. And if the price starts respecting that horizontal level, that will of course mean we can short it much earlier than that trendline. A good hint: On the lower time frame as well, the price must not hover around that trend line for a long time if it has to just kiss that trend line from below and drop down. Shortby RiffatNadeem1
A fantastic RR trade happening now: Long GBP NZD This is a reversal trade on an intraday mid-time frame perspective BUT the trade is actually WITH THE TREND on the very high timeframes. So, it's not really one of those risky reversal trades. Potentially great RR if you put your Stop just below the Buy order block on the 4hr chart. I might post another chart of the 4HR. It's got plenty of catchup this trade. So if it plays out like I think it may and we all know how protective they are of the Pound, it should do okay. This is a longer term trade. There is no FOMO or rush to this trade. Technically, it could even be Shorted until it reaches the Buy Zone at the bottom of this 4HR chart. Longby Easy_Explosive_TradingUpdated 1
GBPNZD FORECASTThis is one of my favorite pairs in this week! In this video I have covered a lot! Let's Learn and Earn together!Short06:29by Richard_Mkude4
GBPNZD is in Selling Direction after testing TrendlineHello Traders In This Chart GBPNZD 4 HOURLY Forex Forecast By FOREX PLANET today GBPNZD analysis 👆 🟢This Chart includes GBPNZD market update) 🟢What is The Next Opportunity on GBPNZD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters2000116
GBP/NZD BEARS ARE GAINING STRENGTH|SHORT Hello, Friends! We are going short on the GBP/NZD with the target of 2.114 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals112
GBPNZD Pushing itself in a buy directionHello Traders In This Chart GBPNZD 4 HOURLY Forex Forecast By FOREX PLANET today GBPNZD analysis 👆 🟢This Chart includes GBPNZD market update) 🟢What is The Next Opportunity on EURNZD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters2000Updated 8813
GBPNZD: Market of Sellers The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the GBPNZD pair price action which suggests a high likelihood of a coming move down. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals112
GBPNZD Bullish scenarioThe price of GBP/NZD recently bounced from a low point around 2.1050, which shows that buyers are coming in. The next place where the price might slow down or face some resistance is around 2.1263 to 2.1300. Right now, the price is moving upward slowly, and it looks like it could keep rising. Targets between 2.1264 and 2.1305Longby landry_anael1Updated 2
GBPNZD Strong buy signal at the bottom of the Channel Up.The GBPNZD pair has been trading within an 11-month Channel Up and since its break below the 1D MA50 (blue trend-line) on August 28, it has been forming the new bottom. Monday saw it approaching the Higher Lows trend-line and with the 1D MA200 (orange trend-line) just below it as a Support, we believe that we've seen the new Low. In fact, as the 1D RSI made a Double Bottom, it resembles the Channel's last bottom formation on June 06. The final confirmation of the bullish break-out will be when a 1D candle closes above the 1D MA50. We expect at least a +4.45% rise, thus targeting 2.19000 on the medium-term. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot9
GBPNZD Price Analysis - Preparing to Resume the DowntrendGBPNZD Price Analysis - Preparing to Resume the Downtrend The GBPNZD pair has recently broken down from a significant structure zone near the 2.1150 level. This breakdown suggests a potential move towards the 2.0900 and 2.0750 levels. However, this downward movement may take some time to fully materialize. In the short term, we might face a false bullish breakout above 2.1150 before the bearish trend resumes. This pattern has been observed previously on the left side of the structure, indicating the need for caution. Despite this, the overall swing direction is expected to begin soon. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Shortby KlejdiCuni4421
02.10.24 Morning ForecastPairs on Watch - FX:GBPNZD FX:NZDCAD FX:EURUSD FX:EURNZD A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy! 09:26by JordanWillson3
GBP/NZD (Trade Recap)I'm very happy with how I placed and managed this trade.Short14:59by StewySongs2
GBPNZD - 4H - Bearish Trend Continuation Strategy Technical Analysis: GBPNZD is in a strong bearish trend, moving within a bearish channel and consistently closing candles inside the channel. The pair is printing lower lows (LL) and lower highs (LH), reinforcing the downward momentum. With no divergence , the trend looks stable for continuation. We will look to sell at the 0.5 Fibonacci retracement level to capitalize on the ongoing bearish trend. Fundamental Analysis: September is a risk-on environment, and NZD is showing more strength than GBP, which supports the bearish outlook for GBPNZD. NZD remains stronger than GBP in the current market conditions. Seasonality: GBPNZD tends to be bearish from mid-August to the end of December, with a particularly strong downtrend expected from the last week of September to the first week of October. Entry Strategy: Entry Point: Sell at 2.11640, around the 0.5 Fibonacci level. Stop Loss: Set at 2.12500, above the last lower high (LH) in a good resistance zone. Take Profit 1: First target at 2.10782. Take Profit 2: Second target at 2.09922. This strategy leverages both technical and fundamental factors, with strong seasonality and market sentiment favoring a continued bearish move in GBPNZD. The entry, stop loss, and take profit levels are well-defined for effective risk management and potential gains.Shortby ya_xir4
GBPNZD - 4H - Bearish Trend Continuation Strategy Technical Analysis: GBPNZD is in a strong bearish trend, moving within a bearish channel and consistently closing candles inside the channel. The pair is printing lower lows (LL) and lower highs (LH), reinforcing the downward momentum. With no divergence , the trend looks stable for continuation. We will look to sell at the 0.5 Fibonacci retracement level to capitalize on the ongoing bearish trend. Fundamental Analysis: September is a risk-on environment, and NZD is showing more strength than GBP, which supports the bearish outlook for GBPNZD. NZD remains stronger than GBP in the current market conditions. Seasonality: GBPNZD tends to be bearish from mid-August to the end of December, with a particularly strong downtrend expected from the last week of September to the first week of October. Entry Strategy: Entry Point: Sell at 2.11640, around the 0.5 Fibonacci level. Stop Loss: Set at 2.12500, above the last lower high (LH) in a good resistance zone. Take Profit 1: First target at 2.10782. Take Profit 2: Second target at 2.09922. This strategy leverages both technical and fundamental factors, with strong seasonality and market sentiment favoring a continued bearish move in GBPNZD. The entry, stop loss, and take profit levels are well-defined for effective risk management and potential gains.Shortby ya_xir2
GBPNZD- 2 Hour -Bearish SetupAs we can see on Daily TF that shift has started towards Downside, we can see the liquidity sweep on 2 hour TF and use as SL. Entry-2.10929 SL-2.11660 Take Profit-2.09362 RR 1:2 TF- 4 hourShortby bittub0777115
GBP NZDTHIS IS MY SETUP FOR GBP NZD I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3. Trade carefully This is not financial advice, DYOR.Shortby betimmavriqi0
GBPNZD: Time to Sell 🇬🇧🇳🇿 I see a nice short trade on GBPNZD. The price formed a double top pattern after a test of a key daily/intraday resistance. We see a breakout of its neckline at the moment. With a high probability, the price will drop to 2.103 level. ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader332