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GBPNZD

GBPNZD to turnaround at current support?GBPNZD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 2.0430. Price action looks to be forming a bottom. Momentum is flat, highlighting the lack of clear direction. Risk/Reward would be poor to call a buy from current levels. A move through 2.0500 will confirm the bullish momentum. We look to Buy at 2.0440 (stop at 2.0380) Our profit targets will be 2.0590 and 2.0620 Resistance: 2.0500 / 2.0530 / 2.0550 Support: 2.0430 / 2.0400 / 2.0380 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
Wave (B) Sideway ?? Sharp Move Downside!!Hello there! I am a big fan of the Elliott Wave Principle, which is very interesting and useful for analyzing the market. I have developed my analytical approach by combining the principle with my personal experience and considering various scenarios that may occur in the market. Although I want to share my analysis with you, I want to emphasize that I do not provide buy or sell signals. My main intention is to share my unbiased analysis so that you can use it as a guide to make informed decisions. To build your confidence in my analysis, I always share my previous analysis of the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand. I hope that my analysis will be helpful in your trading journey and wish you all the best. Sincerely,
Short
by mehdi47abbasi79
GBPNZD - Trading The Channel ↗️↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPNZD has been overall bearish trading within the falling red channel and it is currently approaching the lower bound / trendline. Moreover, the zone 2.038 is a strong support. 📉 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the support and lower red trendline acting as a non-horizontal support. 📚 As per my trading style: As GBPNZD approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) Moreover, as GBPNZD approaches the upper red trendline, we will be looking for sell setups. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
GBPNZD Set To Grow! BUY! My dear subscribers, This is my opinion on the GBPNZD next move: The instrument tests an important psychological level 2.0573 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2.0682 My Stop Loss - 2.0523 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPNZD Sell every Channel Down top.The GBPNZD pair has enter a Channel Down pattern with the 1D MA50 as its pivot. A similar pattern emerged in May 2022, after the pair made an identical top and bottom (see the blue Rectangle). This time we have an additional support in the form of the 1D MA200 (orange trend-line) but as long as the price trades within the Channel Down, sell every Lower High and target the 1D MA200. If the price closes a 1D candle below the 1D MA200, we have to start considering a long-term shift to a bearish trend and sell after the first rebound to the 1D MA50, while a closing above th 0.618 Fibonacci level will be bullish, targeting the 2.1500 High. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
GBPNZD Long Term Buying Trading IdeaHello Traders In This Chart GBPNZD HOURLY Forex Forecast By FOREX PLANET today GBPNZD analysis 👆 🟢This Chart includes_ (GBPNZD market update) 🟢What is The Next Opportunity on CHFJPY 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
Long
by ForexPlanet20
Monitoring GBPNZD Trend StrengthGBPNZD has been such a weird pair for me. It gives off bearish vibes as annotated in my original analysis. As labelled on my chart, I entered short last week and got stopped out a few days later. Now that price entered and then exited the previous range on the downside, I'm enticed to make another attempt at a short entry. Plan is to wait for 1-2 more daily candle(s) close before making an entry decision. The reason is because I do not want to see strong overlapping bars, which may indicate market indecision or also known as micro-consolidation.
by FinancialGamblR
Swing Opportunity on GBPNZDThe price action I've observed on the daily timeframe points to a very nice bearish sentiment in five key points. Price peaks in August by forming a range, which breaks near the end of that month. Consolidation forms shortly after and downside momentum forces price to break below the lower range boundary. This marks a technical trend change as defined by the crossing over the faster exponential moving average (EMA) below the slower EMA. Price retraces in October and forms another consolidation. In today's close, price retests the lower range boundary of this consolidation and holds below it; price currently exhibits continued selling strength.
Short
by FinancialGamblR
3
GBPNZD - Short from bearish order block ✅Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I am looking for a short position. I want price to make a retracement to take buy side liquidity and to fill the imbalance higher and then to reject from bearish order block. Fundamental news: Next week on Friday will be released monthly GDP on GBP. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
The US dollar has fallen and has continued to decline since lastThe dollar fell slightly in early European trading on Monday, extending last week's losses to a six-week low after the Federal Reserve became less hawkish. At 03:20 ET (8:20 p.m. Japan time), the dollar index, which tracks the U.S. dollar against a basket of six other currencies, fell more than 1% last week, the biggest decline since the middle of last year. It fell 0.1% to 104.782. . The dollar has fallen since last week's Federal Reserve policy meeting, when the central bank issued dovish signals about further interest rate hikes. That trend was reinforced by Friday's official jobs report, which showed that U.S. nonfarm payrolls grew less than expected in October. This data suggests that the U.S. labor market is cooling. This was the main reason the Fed took a hawkish stance this year. Federal funds futures suggest there is about an 85% chance that the Fed will complete the rate hike cycle and an 80% chance that the rate hike cycle will begin in June. At least nine Fed speakers are scheduled this week, including two appearances by Chairman Jerome Powell, with the second session on Thursday including a question-and-answer session. EUR/USD rose 0.1% to 1.0743, pushing the euro up to levels last seen in September, driven by a weaker dollar rather than stronger regional economies. Which area? German data factory orders rose 0.2% in September, stronger than the expected 1.0% decline, but still a significant decline from August's revised 1.9% increase. Moreover, German housing construction suffered another wave of layoffs in October, according to a study published Monday by the Ifo Economic Research Institute. "The situation is getting worse as more projects fail due to rising interest rates and construction prices," said Klaus Wohlrabe, head of research at Ifo. GBP/USD rose 0.1% to 1.2384, extending last week's strong gains ahead of the UK's fourth-quarter GDP figures due later this week. .
Short
by AstronautPioneer