+100/+200 pips gbpnzd m20 short from resistance short-term🔸Hello traders, let's review the 20 minute chart for GN today. Price
contained withing sliding bear channel previously rejected multiple
times from overhead resistance.
🔸Currently expecting price to pump into overhead resistance and
complete a double top at 1610, that's the likely PRZ level.
🔸Previously rejected from overhead resistance, sequence of lower
highs in progress and expecting yet another rejection into double top
and also re-action with the bear channel.
🔸Recommended strategy for GN traders: short sell high at 1610 SL 50
TP1 +100 pips TP2 +200 pips final exit at 1400. good luck traders!
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GBPNZD
#GBPNZD 4HGBPNZD 4-Hour Analysis
The GBPNZD pair is trading within a downtrend channel on the 4-hour chart and is nearing the channel's lower support line. This support zone has historically provided opportunities for bullish reversals within the channel. Waiting for the price to touch this level ensures a safer entry for a potential buy position.
Technical Outlook:
- Pattern: Downtrend Channel Support
- Forecast: Bullish (Wait for Support Touch, Then Buy)
- Entry Strategy: Enter a buy position near the channel’s support line after confirmation of a reversal signal.
Traders should watch for confirmation through bullish candlestick patterns or indicators like RSI reflecting oversold conditions. Proper risk management is essential, with stop-loss orders placed below the support line to guard against a potential breakdown. Targets can be set at the midline or upper boundary of the channel for potential profit.
GBP/NZD BULLS ARE STRONG HERE|LONG
Hello, Friends!
We are targeting the 0.978 level area with our long trade on GBP/NZD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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GBPNZD: Bearish Continuation Setup in FocusI’m closely monitoring GBPNZD as price tests this current region. Here’s the plan:
The Setup
Price is hovering near a key area of interest around 2.15485–2.15781.
I’m observing how price reacts here to determine if bearish momentum will continue.
If sellers remain strong, I’m looking for a further push down toward the green level at 2.13336, which is my target zone.
The Plan
1️⃣ I’ll wait to see if price respects this resistance zone or shows rejection, confirming that sellers remain in control.
2️⃣ My stop loss will be placed strategically above the resistance zone to manage risk effectively.
3️⃣ The goal is to capitalize on a bearish continuation toward the green support line at 2.13336.
Why This Makes Sense
This area has previously acted as a significant turning point for price. If resistance holds, it sets up a clean move toward the next major support zone, offering a strong risk-to-reward opportunity.
Mindset Tip:
"It’s not about guessing the market’s next move—it’s about reacting to what it shows you. Stay patient, and let the levels do the talking."
GBPNZD - Will the pound continue to rise?!The GBPNZD currency pair is located between the EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. In case of a downward correction, we can see the demand zone and buy this currency pair in that range with the appropriate risk reward. Breaking the ceiling of the descending channel will provide the way for this currency pair to rise to the specified resistance range.
Barclays Institute Remains Optimistic About the British Pound’s Growth Until 2025
Key highlights of the analysis are as follows:
• Strengthening ties between the UK and the European Union are expected to provide long-term support for the British economy and pound, boosting its positive outlook.
• The financial packages announced by the UK government, amounting to approximately 1% of GDP, have stimulated domestic demand and delayed the Bank of England’s (BoE) interest rate cut cycle.
• A critical uncertainty lies in whether higher labor costs will lead to inflationary pressures or a reduction in employment, both of which could impact supply.
• The UK’s trade deficit in goods with the United States indicates that, compared to the Eurozone, Britain is less exposed to the direct risks of potential US tariffs. This creates a favorable distinction for the pound over the euro.
Barclays predicts that the pound will maintain a positive trajectory through 2025, supported by fiscal resilience, limited exposure to tariff risks, and structural improvements in UK-EU relations. These factors position the pound for gains against both the dollar and the euro, though uncertainties related to labor costs remain a critical factor to monitor.
Remarks by Ramsden:
Ramsden, a member of the Bank of England, noted that wage growth is more likely to align closer to 2% rather than 4%. He highlighted that the economy is on track to return to normalcy, with inflation stabilizing at a low level and expected to continue this trend.
In the short term, inflation is anticipated to remain near the target, while in the long term, it could fall significantly below it. However, the impact of higher social insurance taxes on key economic indicators like prices, wages, and unemployment remains unclear.
New Zealand’s Economic Outlook:
Meanwhile, New Zealand’s Treasury has forecast a deeper economic downturn, which is placing greater pressure on tax revenues. According to Dominic Stephens, the Treasury’s chief economic advisor, the economic contraction has been sharper than expected, posing serious challenges for the government’s efforts to reduce its budget deficit.
Recent evidence suggests that economic and fiscal forecasts, set to be released on December 17, will likely be further downgraded. Data indicates that New Zealand consumers are spending less than they did last year, and businesses remain pessimistic about their economic prospects.
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 Charts
GBPNZD: Weak Market & Bearish Forecast
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GBPNZD pair which is likely to be pushed down by the bears so we will sell!
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GBPNZD: Turning bearish if the 1D MA50 breaks.GBPNZD is neutral on its 1D technical outlook (RSI = 48.440, MACD = 0.004, ADX = 26.806), trading right over its 1D MA50. If broken, it will be the validation of the new bearish wave of the 1 year Channel Down. The 1D RSI is forming the very same Arc pattern as the May bearish wave. Upon validation, we will get short and aim for the 1D MA200, over the 0.786 Fibonacci level (TP = 2.12500).
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GBPCAD RE TESTINGThe potential downtrend in the GBP/CAD currency pair may be influenced by several critical factors. The Bank of Canada's relatively hawkish monetary stance, supported by strong economic data, contrasts with the Bank of England's cautious approach due to slowing UK economic growth. Declining global oil prices could limit the downside for the Canadian dollar, as Canada is a major oil exporter. On the technical side, GBP/CAD has recently tested key support levels, and failure to hold these levels may signal further bearish momentum.
GBPUSD FREE FALLThe GBP/USD currency pair has recently exhibited a downward trend, driven by macroeconomic uncertainties such as geopolitical tensions and global growth concerns, leading investors to favor the U.S. dollar as a safe haven. Divergent monetary policies, with the Federal Reserve maintaining a hawkish stance and the Bank of England adopting a more cautious approach, have further pressured the pair. Technical indicators show breaches of key support levels like 1.2842, signaling a continuation of the bearish trend. Traders should closely monitor economic data and central bank communications to adapt their strategies.
GBPNZD: Bullish Continuation & Long Trade
GBPNZD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GBPNZD
Entry Point - 2.1473
Stop Loss - 2.1401
Take Profit - 2.1603
Our Risk - 1%
Start protection of your profits from lower levels
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GBPNZD_1D_Buyhello
Analysis of the currency pair of the British pound against the New Zealand dollar
in the daily and medium-term time frames
The market is correctional in wave 4 and only by maintaining the ascending trend line and maintaining the ascending channel and the static number of 2.14800, it can move up for the target of wave 5 to the numbers 2.19236 and 2.20370.
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 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 Charts
GBPNZD - How will the BOE decision affect the pound?The GBPNZD currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term bullish channel. In case of downward correction, we can see the demand zones and buy this currency pair within those zones with appropriate risk reward.
The Bank of England has lowered its interest rate by 0.25%, bringing it to 4.75%. According to the Bank’s monetary statement, GDP is projected to grow by 0.2% in Q3 2024 compared to the previous quarter (September forecast: 0.3%) and increase by 0.3% in Q4 this year. The goal is to keep the interest rate restrictive enough until the risks of inflation persistently returning to the 2% target diminish.
Andrew Bailey, the Bank of England’s governor, noted that the rate of inflation decline has been faster than expected. However, further reduction in service price inflation is still needed to maintain the consumer price index at the 2% target level, and sufficient spare capacity will be essential to reach this goal in the medium term.
The rise in the employer’s national insurance contribution, included in the budget, is expected to have a slightly inflationary effect on prices and a marginally negative impact on wages and corporate profitability. The combined effect of increased employer national insurance and minimum wage is likely to raise hiring costs, with the net impact on inflation yet to be determined.
Adrian Orr, the Reserve Bank of New Zealand’s governor, highlighted geopolitical tensions as a significant risk to the economy, expressing concern over the economy lagging behind the interest rate cuts.
Orr also emphasized that climate change poses an existential threat to New Zealand, calling for serious attention to this issue. This view reflects deep economic and environmental concerns in the country.
The Reserve Bank of New Zealand’s Financial Stability Report indicates that the financial system remains resilient despite the economic downturn, with risks under control. Banks anticipate a slight increase in non-performing loans, although this level remains below what was experienced during previous economic recessions. Debt servicing costs have peaked and are now declining, with mortgage interest rates dropping over the past six months. Although many households and businesses are under financial pressure and some borrowers face challenges with rising unemployment, domestic economic challenges persist.
GBPNZD - Post-ECBGenerally I like commodity assets after the election - which can be viewed as contrary to consensus - but GBPNZD should get some help lower after BOE rate cut. I am already in profit and added a second bullet taken this morning. Red lines are entries areas and green and yellow are targets 1 and 2. Trade small and handle drawdowns with proper techniques. See links for trading academy.
GBP/NZD Broke The Support And Ready To Go Down , Don`t Miss !We have a very good closure below our support and great chance to sell this pair for more 150 pips at least , if we have a daily closure below , it will be a great confirmation to can be sure it will go down more and more
This 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 Will Go Up! Buy!
Please, check our technical outlook for GBPNZD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 2.161.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2.180 level.
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.
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