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Gbpnzdanalysis

GBP/NZD BUY 📈👋 Hello and welcome traders to another trade idea with Fobian ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 👉 WE have Signal for BUY: - Price get out of Asian session. - We have signal for BUY from zone to zone. - We get involve in this trade. 💡 Why should you follow our profile on TradingView? Consistent chart updates Clean charts Short and long-term perspectives Visually teaches you valuable lessons High probability setups Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
Long
by TBFinan
GBPNZD: Possible Change in Trend...Movement to the downside!!!First, lets look at candlestick pattern. As we all know, this simple 3 candlestick pattern shows us a BEARISH signal. How do we determine this? Just take the entry, lowest opening and highest closing to form a single candlestick. You will see a BEARISH candle from this. Next, we take a look at Ichimoku cloud. Today's candle shoed us a rejection from the Ichi Cloud which could signal to us that BEARISH movement have yet to stop. I could see price moving back to respect 1.9505 as a resistance level giving a potential movement to the support level @1.8990. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
GBPNZD, 4hr tf, buy above the kumo cloudHello my friends, Yesterday i take a buy position on GBPAUD and it is has already hit TP1. I already take partial profit on it and set remaining position on breakeven for a risk free position. For today i am taking another buy position with GBP cross pairs. This time is GBPNZD. Noticed that price above the green kumo cloud on 4hr tf and parabolic SAR below the price. So we will only look to buy as the pair are bullish on 4hr timeframe. At 1.9570 there is some support that could hold price from going further down. There is a horizontal support and notice it is also the 61.8 fibonacci retracement of recent upward swing. Buy GBPNZD 1.9570 Stop loss 1.9490 Take profit 1 at 1.9650 Take profit 2 at 1.9730 RR Ratio is 1 : 2 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
GBPNZD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of GBPNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 13 Oct M > Market is moving in a rising channel. Price reached support of channel, also monthly support and faced rejection. W > Price has been moving up with rejection on both sides, it is now testing weekly resistance level. D > Price had created a W formation and as expected price dropped to test its neck before continuing with upward move. We can see an M formation and expect price to continue with its bullish move to test the neck and complete formation. However we can see supply zone on way to our target, this can pause price for a while. Hence we can focus towards 2 targets. As per COT GBP saw addition of Long and few Short positions improving net positions slightly but still in -ve, N-R saw closure of Long and addition of major Short, reducing cumulative net positions. Commercials saw closure of Long and Short, Short positions for them have reduced to least for current year. BXY improved for the said week and further enhanced its position last week. NZD had closure of few Long and major Short increasing net positions, confirming strength of ZXY for the said week. Short positions have reduced to least in current year. ZXY has been gaining strength slowly since June 2020. ZXY improved its position last week. 4H > Price has currently pulled back at 4H supply zone that also coincided with daily support. Pair Correlation: GBPNZD has positive correlation with GBPAUD and negative correlation with NZDCAD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Long
by AP17FX
GBPNZD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX