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GBPNZD

GBP/NZD On The Rise! BUY! My dear subscribers , My technical analysis for GBP/NZD is below: The price is coiling around a solid key level - 2.05412 Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 2.07851 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPNZD Is Very Bullish! Long! Please, check our technical outlook for GBPNZD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 2.054. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2.062 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
GBPNZD strong upside push to 2 after C&H breakoutCup and Handle formed on GBPNZD. The price broke out which gave a great entry signal. We could even wait for the price to retrace back to the Brim level and get an even better entry. 7>21>200 - Bullish RSI >50 Target will start off at 2.198. But once it breaks higher, we'll see more formations. Smart Money Concepts Sell Side Liquidity formed just below the handle of the cup. Smart Money BUYS into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter their trades.
Long
by Timonrosso
GBPNZD H4 | React off resistance?Based on the H4 chart analysis, we can see that price has just reacted off our sell entry at 2.0435 which is a multi-swing high resistance level. Our take profit will be at 2.0205 which is a pullback support level. Stop loss will be at 2.0544 which is a just slightly swing-high resistance level. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
GBPNZD - Strong Resistance 🦾Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on WEEKLY: Left Chart GBPNZD is sitting around a strong weekly resistance in green, so we will be looking for sell setups on lower timeframes. on H4: Right Chart GBPNZD has been overall bullish medium-term. However, it is diving inside the weekly resistance. 🏹 For the bears to take over, for a potential shift in momentum, we need a break below the last low in gray. Meanwhile, GBPNZD can still trade higher inside the weekly resistance or even break it upward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
3
🔥 NEW: GBPNZD 🔥 SWING TRADE 🔥-SL @ 2.0750 🚫 SLO @ 2.0560 ⏳ SSO @ 2.0190 ⏳ TP1 @ 1.9485 (shaving 25%) TP2 @ 1.8875 (shaving 25%) TP3 @ 1.8433 (shaving 25%) TP4 @ 1.7751 (closing ALL Sell Orders) SLO1 @ 1.7590 ⏳ SLO2 @ 1.7190 ⏳ -SL @ 1.7000 🚫 TECHNICAL ANALYSIS: The price of GBPNZD is currently trading at ~2.0415. Overall, the technical analysis for GBPNZD is bearish. The price is trading below the moving averages, the RSI is below 50, and the MACD is crossing below the signal line. This analysis suggests that price action will likely continue to decline in the near term. FUNDAMENTAL ANALYSIS: As of May 26, 2023, the fundamental analysis for GBPNZD is strong — short term — and nearing a solid supply area @ 2.0560. On the one hand, the UK economy is improving, with GDP growth expected to reach 1.2% in 2023. This data supports the strong employment growth and rising wages. However, on the other hand, the UK's trade deficit is widening, and inflation is expected to remain high. In New Zealand, the economy is also growing, and its GDP growth is expected to reach 2.5% in 2023, supported by solid dairy exports. Overall, the fundamental outlook for GBPNZD is weakening. The UK economy shows signs of the widening trade deficit and inflation increasing. As a result, the pound's value is likely to remain under pressure, and the Kiwi dollar is expected to appreciate causing the GBPNZD to be short.
Short
by ProfessorCEWard
GBPNZD POTENTIAL LONG FORMATION IN PROGRESS (BULLISH CHANNEL)When we look at the pair there are more bullish signs and bearish signs hence we are only looking for buying opportunities. We have listed the reasons for our bullish basis below: 1: Higher times frames show a strong bullish trend. 2: Lower bullish channel test and potential bounce. 3: Up-trendline test and bounce. 4: Pair us making new highs which signal a bullish trend. Nothing in the markets is ever perfect and this includes pattern formations. It's not every often we see textbook-style patterns. As long as risk is managed, if we happen to get stopped, we move to the next trading setup.
Long
by NDOBObanks
GBPNZD: Target 1 hit! 💗...What's next?As we can see from our last setup (see chart below) the FX:GBPNZD pair reached our first target around 2.0087, but at the same time, I don't rule out reaching our old Target 2 (now Target 1) around 1.9850 area. Technically speaking, the pair might develop something like an ABC Pattern as the main trend still remains bullish on intraday chart. PREVIOS ANALYSIS (Click and Play on Chart below) Trade with care! Like if my analysis is useful. Cheers!
Short
by TheAnonymousBanker
21
GBPNZD H4 | Rising into resistance?GBPNZD is rising towards a key overlap resistance and potentially reverse from this level. Price could hit our sell entry at 2.03923 and potentially reverse to move lower from here. Our stop loss will be at 2.05007 which is an overlap resistance. The take profit level will be at 2.02170 which is an overlap support. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
1