GBP/NZD’s Bullish Rounding Breakout: Targeting 2.2144 & 2.2202The pair appears to be forming a rounded bottom, suggesting a potential bullish continuation. After basing near the 2.1900–2.1950 zone, price has reclaimed key Fibonacci levels (38.2% and 50% retracements), indicating strong buying interest. A sustained break above the 0.786 Fib around 2.2039 sets the stage for an advance toward Expect Level 1 (2.2144) and eventually Expect Level 2 (2.2202). If buyers hold above these Fib supports, the bullish momentum is likely to continue, reinforcing the upside targets on the chart.
GBPNZD
GBPNZD Ascending TrapPrice is currently trading along an ascending trendline, making higher lows in the process. This suggests short-term bullish momentum. However, the overall structure resembles a consolidation or a potential “rising wedge” setup.
The market is hovering just above the trendline, and sellers seem to be testing buyers’ resolve at this level.
The candlesticks near the trendline show some indecision (small-bodied candles or wicks on both ends), hinting that bullish momentum could weaken.
If the price breaks convincingly below the trendline, it would signal a shift from short-term bullishness to a possible bearish phase.
GBP/NZD Analysis: Market Uncertainty Amid Key Technical LevelsThe analysis of GBP/NZD shows recent volatility, with a close at 2.20571 on February 19, 2025, slightly down from the previous day, indicating a phase of market indecision. The previous trend saw moderate progression from February 16 to 18, supported by an increase in UK GDP, which temporarily strengthened the Pound. However, the absence of new economic data left the pair exposed to market sentiment, contributing to the decline on February 19. From a technical perspective, the chart highlights a strong resistance area between 2.21770 and 2.22180, a level that has rejected the price multiple times, suggesting that without a decisive breakout above this zone, the bullish trend may weaken. Conversely, a significant support area is located around 2.17616, a level that has already provided a positive reaction, pushing the price back up. The current price action shows a consolidation phase between these two key levels, with a recent structure of higher lows that could indicate an accumulation attempt before a potential bullish breakout. If the price manages to break above the upper resistance decisively, the next target would be around the recent highs in the 2.24000 area. On the other hand, a break below the 2.17616 support could trigger a decline towards the next key level at 2.15000, where an interesting liquidity zone is present. The combination of the recent positive GDP data and a more cautious market sentiment leaves the pair in a state of uncertainty, with a key reaction expected in the coming days depending on the holding or breaking of the main technical levels.
My GBPNZD Long Idea 22/2/2025This is a trade I probably missed but if I get any sort of correction or retracement I will be entering long on the GBPNZD. Technical setups are aligned for an upward momentum on the price and when speaking fundamentals the BOE is fighting inflation with a cautious easing unlike RBNZ is on the aggressive easing.
I may look at going long GBPCHF aswell.
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
+200 pips Best Level to Short GBPCHF from Resistance🔸Hello traders, let's review the H6 chart for GBPCHF today. Trading
near premium prices of the multiweek range, closing in on heavy S/R
Currently risk/reward is shifting in bears favor, so it's recommended
to look for sell side setups in GBPCHF.
🔸Heavy overhead mirror S/R zone at 1440/1460 expecting reversal
from overhead resistance. current bid is 1380so final push required
before we can get a decent entry on sell side.
🔸Recommended strategy for GBPCHF traders: short any rips/rallies near S/R 1440/1460 price is currently trading near premium levels and is almost maxed out already, limited upside. TP1 bears 1260 TP2 bears 1230 pips final exit 1230 +200 pips. This is a swing trade setup so naturally will take more time to complete / hit targets. good luck traders!
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Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
GBP/NZD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
It makes sense for us to go short on GBP/NZD right now from the resistance line above with the target of 2.165 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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+250 pips Advanced BUY/HOLD GBPNZD XABCD swing trade setup BULLS🔸Hello traders, let's review the 40 min chart for GBPNZD. Speculative XABCD in progress, with PRZ/D set at 1800, so expecting more losses in GN before reversal from point D/PRZ.
🔸XABCD structure is defined by point X at 1850, point A at 2185, point B
at 1935, point C at 2210, point D/PRZ at1800, currently most points validated, point D/PRZ still pending, so traders should wait until we hit D before buying.
🔸Recommended strategy for GN traders: wait for pullback/correction
to complete at point D near 1800, buy/hold, SL 60 pips, TP1 +250 pips TP2
+300 pips. BUY/HOLD at point D/PRZ at 1800. swing trade setup. good luck!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
GBPNZD: Intraday Bullish Confirmation 🇬🇧🇳🇿
A price action on GBPNZD shows 2 strong bullish confirmation
on an hourly time frame.
I see an inverted cup & handle pattern and a breakout of a resistance line
of a falling channel.
Chances will be high that the price will go up.
Goal - 2.2
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GBP/NZD SHORT FROM RESISTANCE
Hello, Friends!
GBP/NZD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2.196 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/NZD pair.
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GBP/NZD Testing Channel Support Before Potential UpsideOn the GBP/NZD 1D timeframe chart, the price has been moving within an ascending channel since mid-2023. Currently, the price is in a corrective phase after failing to break the resistance at the upper boundary of the channel. The main scenario in this analysis suggests that the price could decline further to test the support area around 2.154 – 2.140, which coincides with the lower boundary of the ascending channel.
If the price holds at this support area and shows a bullish reaction, a buying opportunity can be considered with a target towards the channel resistance area around 2.260. In the decision-making process, several confirmations need to be observed:
Price Reaction at Channel Support – If the price shows a strong rebound in this area, the bullish scenario remains valid.
Candlestick Reversal Confirmation – Patterns such as a bullish engulfing or a pin bar near the support area can serve as good entry signals.
On the other hand, if the price breaks below the channel support significantly, the bullish scenario could fail, and GBP/NZD may experience a trend reversal towards a bearish direction. Therefore, risk management remains essential, with an ideal stop loss placed below the channel support area.
GBPNZD Massive Short! SELL!
My dear friends,
Please, find my technical outlook for GBPNZD below:
The instrument tests an important psychological level 2.2146
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.2020
Recommended Stop Loss - 2.2237
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
GBP-NZD Will Go Down! Sell!
Hello,Traders!
GBP-NZD has made a retest
Of the horizontal resistance
Of 2.2220 and we are already
Seeing a bearish reaction so
We are bearish biased and
Therefore a local bearish
Pullback is to be expected
Sell!
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Check out other forecasts below too!
GBPNZD - waiting for bullish continuationWeekly - bullish
Daily - bullish
H4/H1 - waiting for a pullback and then some evidence of a bullish continuation.
The area marked has been used a few times in the past. Also note that the 20ema will provide confluence to my bullish bias.
This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. 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
GBP/NZD Trendline Breakout (10.2.25)The GBP/NZD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Trendline Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 2.2053
2nd Resistance – 2.2141
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GBP_NZD LOCAL BULLISH REBOUND|LONG|
✅GBP_NZD made a strong
Move up from the rising
Support just as we predicted
Then broke a local key level
Of 2.1940 which is now a
Support so we are bullish biased
And after the retest of the new
Support we will be expecting a
Local bullish rebound
LONG🚀
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GBP/NZD: Bearish Outlook Confirmed by Head and ShouldersThe GBP/NZD exchange rate at NZ$2.1922 reflects a persistent downtrend, confirming recent weakness in the British Pound against major counterparts. The formation of a head and shoulders pattern on the daily chart suggests further downside risk, with the pair testing key support levels. Market fluctuations between NZ$2.1754 and NZ$2.22 highlight ongoing volatility driven by external economic factors, including U.S. tariffs and mixed macroeconomic data from both the UK and New Zealand. The Pound remains under pressure due to inflation concerns and lackluster GDP growth, while the NZD struggles to capitalize on the Pound’s weakness amid subdued domestic data. The technical setup and broader macroeconomic landscape signal a potential continuation of bearish momentum for GBP/NZD.