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British Pound / New Zealand Dollar

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GBPNZD trade ideas

GBPNZD to see a temporary move lower?GBPNZD - 24h expiry The medium term bias remains bullish. We look for a temporary move lower. The sequence for trading is higher highs and lows. Preferred trade is to buy on dips. Bespoke support is located at 2.1230. We look to Buy at 2.1230 (stop at 2.1200) Our profit targets will be 2.1350 and 2.1410 Resistance: 2.1350 / 2.1410 / 2.1470 Support: 2.1230 / 2.1200 / 2.1140 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
#GBPNZD 1DAYGBPNZD Daily Chart Analysis Buy Opportunity: The GBP/NZD currency pair presents a favorable buying opportunity based on recent technical indicators and market analysis. Buy Level: 2.12200 At this level, the pair appears poised for an upward movement. Entry at 2.12200 aligns with current market conditions and sets the stage for potential gains. Target Levels: 1) 2.14000 - Initial target level where the pair may face resistance but could offer a solid short-term profit. 2) 2.16000 - Intermediate target, providing a potential for more substantial gains as the pair continues its upward trajectory. 3) 2.18000 - Long-term target, representing the optimal exit point for maximizing returns based on the current trend analysis. Description: The GBPNZD pair has shown a bullish pattern on the daily chart, suggesting a potential upward trend. After consolidating at the buy level of 2.12200, the pair is expected to advance towards the target levels. The technical indicators support the idea of upward momentum, with strong resistance levels anticipated at 2.14000, 2.16000, and 2.18000. Traders should monitor the pair closely for any signs of reversal or resistance at these target levels. Adjusting stop-loss levels to secure gains as the price moves in the desired direction is recommended. Disclaimer: Ensure to conduct your own analysis or consult with a financial advisor before making trading decisions.
Long
by PIPSFIGHTER
GBP/NZD: Bullish Confluence Signals Upside Potential In this setup on GBP/NZD, several bullish confluences align to signal potential upside movement towards the recent highest high. The anchored VWAP provides strong dynamic support, where the price has bounced off after a clear 3-wave corrective structure (ABC). The completion of the (C) wave is highlighted by a powerful bullish engulfing candle, suggesting that the corrective move has ended, and the price is primed for a continuation upwards. Traders looking to enter long positions could target the recent high at 2.13478, where previous resistance may act as a target zone. With the combination of AVWAP, Elliott Wave correction, and the engulfing candle, this setup presents a compelling case for a long position in the direction of the trend.
Long
by Tanakorn_Koomrampai_CMT_CFTe
GBPNZD Reverses from Bearish Trend After Breaking Key TrendlineThe GBPNZD currency pair had been falling since 30 July 2024 , hitting a low of 2.0990 by 29 August 2024 . After that, the price started to show strength, suggesting the downtrend was losing steam. On 3 September 2024 , the price broke above the trendline, which was acting as resistance. This breakout signaled a change in direction, and the pair began to move upward, indicating that the market was turning bullish after the previous month of declines. In simpler terms, the downtrend ended, and the market started going up after breaking through the resistance line.
Long
by FXTradingAnalysis
GBPNZD Will Go Down From Resistance! Short! Here is our detailed technical review for GBPNZD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 2.127. Considering the today's price action, probabilities will be high to see a movement to 2.116. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPNZD Technical Analysis! SELL! My dear friends, Please, find my technical outlook for GBPNZD below: The price is coiling around a solid key level - 2.1281 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 2.1157 Safe Stop Loss - 2.1354 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
Lingrid | GBPNZD double TOP the RESISTANCEFX:GBPNZD has fallen below the 2.1300 resistance zone. Observing the past few daily candles, we can see the formation of rejection bars with long wicks, indicating potential bearish pressure in the market. Recently, the market has also formed a double top pattern, suggesting that bullish attempts were rejected twice, reinforcing the selling sentiment. Given this price action, I expect the market to move lower, potentially breaking through the upward channel that has formed. This channel appears to be a pullback against the overall major bearish trend, and a successful break below it would likely signal further downside momentum. My target is the support level at 2.11800 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
3
GBPNZD- Head And Shoulder PatternHead and Shoulders Pattern: Left Shoulder: The first peak, followed by a dip. Head: A higher peak, representing the top of the trend. Right Shoulder: A lower peak than the head but similar in height to the left shoulder. This pattern suggests a bearish reversal from an uptrend to a downtrend. Entry Point: Price has broken below the neckline (2.12636), indicating the potential start of the bearish move. Stop Loss and Take Profit: Stop Loss: Placed above the right shoulder at 2.13040, protecting the trade from potential false breakouts. Take Profit: Target level is set around 2.11473, based on previous support levels or a measured move projection from the head. This chart suggests a potential sell opportunity based on the head and shoulders pattern, with risk management implemented via stop loss and take profit levels.
Short
by factoryforex01
2nd attempt to short GBPNZD .. the week of 09 Sep 2024My 1st attempt had failed, perhaps partly due to incorrect identification of support/resistance. Entry - approx. 2.1200 (deliberately late to be under the 20sma on H4 time frame) Stop - above the recent high at 2.1330 1st target - 2.0900 Possible potential to take this down to 2.0600 region (The outcome of this trade really depends heavily on the 2.1250 area holding as resistance). This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Short
by Trading_Vista
4