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Gbp-nzd

GBPNZD Short IdeaHere is a trade idea I had on GBPNZD, short. My fundamental analysis is the following: GBP (Great Britain Pound): (N) - Brexit, a problem that will be fixed, but will create another one which is a trade deal with the EU, which currently has a lot of uncertainty. (N)- Markit Manufacturing PMI 47.5 (vs. 47.4 previous), has to be over 50 to be positive. (Jan 02) (P)- Markit Services PMI 50.0 (vs. 49 previous) (Jan 06) (N)- BOE MPC member Vlieghe says he is ready to cut interest rates if data does not improve. (Jan 12) (N)- Croatia’s PM threatens to block London access to EU markets. (Jan 12) Overall: GBP - BEARISH, because of Brexit trade deal uncertainty and overall bad economic data. Also, there is a possibility of a rate cut, and threats of closing the EU market to London. NZD (New Zealand Dollar): (P)- Phase One Deal to be signed on January 15th. (P)- Trade Balance (YoY) -$4.82B (vs. -$5.04B previous) (Dec 18) (P)- GDP YoY 2.3% (vs. 2.1% previous) (Dec 18) (P)- GDP QoQ 0.7% (vs. 0.5% previous ) (Dec 18) (P)- GDT Price Index 2.8% (vs. -5.1% previous) (Jan 07) (P)- Total Filled Jobs 2.21M (vs. 2.16M previous) (Jan 09) Overall: NZD - BULLISH, because of US-China Phase One Deal signature an overall good and improving economic data. So, fundamentally GBP is a weak currency, and NZD is a strong currency, thus why GBPNZD Short should make a good trade.
Short
by jimnakmtl
GBPNZD - Fasten your seat belts for a drop!On a daily Chart. As you can see, I made it clear regarding the Entry point, Take Profit and Stop Loss. (For those who are curious!) * The Price is obeying the trendline. (So far) * In terms of the price action, it looks like that the price will continue toward the downtrend and the next Support level. * Looks like the price is trying to break the Support by constantly, bouncing on the level. * The MACD is looking bearish with the MAs are pointing down and widely away from each other and the volume being in the red area. As always, Keep your Risks under control. I personally don't risk more than 3%. Better safe than sorry. Please Be patient. Love, @TheMrGrateful :) P. S. Have hope and trust in your system and believe you can be better and will be better. It just a matter of time! Keep in mind even the professionals make mistakes and they all started from somewhere. The key here is consistency. It's okay to be wrong, but It's not okay to stop!
Short
by Sepz2020
1
GBPNZD: POTENTIAL BUY OPPORTUNITYFollowing up on the weekly analysis I posted earlier, GBPNZD has broken the daily corrective structure channel, and it's retesting it. The break out is an impulsive move followed by a corrective structure that seems to be unfolding as a zigzag. The correction in wave (ii) of C has retraced 61.8 - 78.6% of wave (i), and it's within a deep Fibonacci extension zone "blue area." Price is expected to resume higher from or near the current market price.
Long
by Veejahbee
3
Bullish Structure on GBPNZD by ThinkingAntsOkUse this as a guide to develop your setup: Main items we can see on the Daily Chart: a)The price is inside an ascending channel since 2017 b)Inside the channel, we can see a clear Support Resistance Zone and how the price respected several times c)Currently, the price is above the support zone with a Pennant formation. d)Pennant Patterns are considered continuation structures, that means that a new motive wave should come after the breakout of the structure e)Based on that, we expect a continuation of the bullish movement if the price breaks above the Pennant. If that happens, we will be aiming at the higher trendline of the channel as the bullish target.
Long
by ThinkingAntsOk
GBP/NZD buyers pushing price upHi traders. Here we have an interesting setup in GBP/NZD. The pair has completed a pullback to a daily support zone and is forming a indecisive doji candlestick in today's trade. The level aligns with the 38.2% Fib level, and the daily RSI shows a hidden bullish divergence. Zooming-in to the 4-hour chart, we get a nice bullish wedge pattern with the price retracing at the lower wedge support. Like our analysis? Please hit the "LIKE" button to support us. Thanks!
Long
by MujkanovicFX
GBPNZD SS Short + 51 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. The 4 Horseman are aligned. This is a Type 1 trade with a High probability and good RRR. BO Entry = 1.9986 Stop = 2.0011 Risk = 25 pips Profit target = 1.9935 ( The projected low ) Reward = 51 Pips RRR = 2 - 1 I would appreciate if you leave a comment or like as a thank you Have a great week!! Allen LAST CHANCE TO OBTAIN THE GOLD METHOD ICHIMOKU I wanted to remind everybody that today is the last day to obtain the book. ** Every trader has made up their investment during the training room, so it is practically a no cost proposition. If you want to join and are prepared to put in the work, please send me an email at Fxgold54@gmail.com
Short
by AGold54
5
GBP NZD QM Ping Pongafter playing Ping Pong between 2 great respected QM zones on daily chart we break through the upper qm zone and now using it as support area... for me its more likely that we go further in trend dircetion so i look for a long entry here ...the thing i dont like is that we tested the broken zone from above several times now and iam a bit afraid of the fact that all orders already been absorbt here ...so in case we break below ,close below and price shows singns of weakness i would think about a short but so long iam a bull here and look for ltf long entry
Long
by Trueman23
GBPNZD SS Short + 194 Pip PotentialPrice is below the Daily and 60 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries. If the PB is triggered first, then the BO entry is cancelled. It is not an add on position. PB Entry = 2.0129 Stop =2.0154 Risk = 25 pips* Profit target = 1.9963 ( The daily projected low ) Reward = 191 Pips RRR = 7.64-1 BO Entry = 2.0073 Stop = 2.0098 Risk = 25 pips Profit target = 1.9963 ( The daily projected low ) Reward = 110 PIps RRR = 4.4 - 1 I would appreciate if you leave a comment or like as a thank you Allen * I am using a slightly larger stop ** I apologize if I am a little slow responding to comments as I am conducting a training room.
Short
by AGold54
12