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Gbpnzdlong

GBPNZD poised to resume the “runaway” act… the week of 28 Aug2023 has been a good trending year for this pair. For the most part, pullbacks have not been deep. Looking at the H4 chart, it appears that we may have formed a base structure, but more importantly a pullback may be ending. IMO the uptrend will soon resume and I want to be onboard if that happens. My trade parameters are indicated on the chart. If my analysis is correct, we have the potential of a 3R trade (or more). If however, we see bearish PA, we will need to wait and analyze the situation much lower down in the 2.09 area. Being prepared for the unexpected is a good idea in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more. What do you think about this trade idea? Please comment and share your thoughts!!
Long
by Trading_Vista
GBPNZD - Expect retracement ✅Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I am looking for long. Firstly I expect price to make a retracement in order to fill imbalances and only after that to reject from bullish order block + institutional big figure 2.10000. Fundamental analysis: Upcoming week on Wednesday will be released Cash Rate on NZD, also yearly CPI on GBP. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
GBPNZD - Is The GBP Strength Coming To An End?Analysis: Bullish Confluences In an upwards trend Retest of a key level 50% fib retracement touch Upwards trendline touch GBP is the 2nd strongest major currency whereas the NZD is the 5th strongest major currency 25K short position decrease for the GBP Bearish Confluences 30K long position decrease for the GBP 3K short position decrease for the NZD Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
4
GBPNZD - A Breakout Of The Range?Analysis: Taking a look at the charts we can see that price looks slightly choppy and like we're stuck in a range, however a trade has setup that is in accordance to our plan so we're taking it. Although price is in a range we can see that price is still heading to the upside slightly. We also have an upwards trendline which confirms that we are actually in an upwards trend. This means that we're only looking for long positions. We had some news that came out for the GBP this morning which was slightly negative causing an overreaction and price pulled back to an area that we're interested in. Whilst this news was negative we don't see this news event as that important and we also have a lot of other confluences pointing to bullishness so we don't really care about this small thing going against our idea. Whilst the area that we have marked out might not seem like an obvious level, to us it looks like a great place to enter at. We've seen this level hold in the past so we expect that it could hold again making it a possible support level, however this isn't the main reason why we like this level. The driving factor for why we have this area that we marked out is because of the added confluences which are lining up with. Firstly we have the 50% fib retracement level which we expect buyers to be sat at wanting to push price higher meaning that this favours our bullish thesis. Another confluence that we have is the upwards trendline. When we've seen this trendline be touched before we've seen it be respected and price has then made a move to the upside. Trading is all about history and patterns as they repeat themselves, so if this has happened in the past then its likely that this will happen again giving us another reason to be bullish especially from this area. The final technical confluence we have is the candle that we saw on Friday. We saw strong bullish momentum and we were expecting this to continue this week however after the news came out, price dropped back to our area of interest. Like we've said already we think that this is an overreaction so we expect to see the bulls step in again and push price higher, going in favour of our bullish thesis. Fundamentally as well the GBP is the 2nd strongest major currency whereas the NZD is the 5th strongest major currency so this massively goes in favour of bullishness on this pair. Taking a look at the COT data as well we saw an increase of 18K short positions and an increase of 24K long positions on the GBP, which is bullish, again favouring the long side. For the NZD however this is the opposite. We saw a decrease of 100 long positions and an increase of 2K short positions, indicating possible bearishness for the NZD, which goes in favour of our overall bullish thesis. We have the fundamentals pointing to bullishness and we have a strong place to enter from which is why we are bullish on this pair and expect to see a continuation to the upside. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
14
GBPNZD Long Term 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
GBPNZD ! Massive SHORT Opportunity.Firstly, I want to congratulate those who follow my short sell signal of GBPUSD in my previous Idea. Technical Analysis : In a weekly Time Frame GBPNZD is approaching the Major Resistance area of 2.10500. A Massive rejection has seen many times in past. Whenever GBPNZD reached 2.10500 level a strong rejection occurred and trader hold GBPNZD sell trades for long. This time i am expecting the same scenario to happened again as history repeats itself in Forex also. Apart from that we will also see this from fundamental point of view. I have mentioned some levels where rebound is expected and connected it with the Fibonacci retracement lvels. Both Support and Fibonacci levels coincides and showing the same values. Fundamental Analysis Today, the United Kingdom unveiled the May Consumer Price Index (CPI) figures, indicating that it remained steady at 8.7% compared to the previous month. Conversely, the core CPI witnessed a rise from 6.8% to 7.1%, deviating from traders' predictions of a 6.8% decrease. Nevertheless, similar to the headline inflation, there was no decline. It is important to note that this report neither disappointed the bearish nor bullish sentiments; instead, it confirms the evident fact that inflation in Britain is gradually decelerating, despite the Bank of England's implementation of 12 interest rate hikes. Although there might be a thirteenth hike tomorrow, it is clear that inflation shows minimal response to the regulatory actions taken. In light of this report, the British pound demonstrated mixed performance, initially experiencing a slight increase but subsequently declining. At the time of writing, the decline continues. The market is likely to lose confidence in the British pound since raising rates becomes futile if inflation fails to decrease. Traders previously expected further tightening from the Monetary Policy Committee (MPC), but now the Bank of England cannot confidently assert a 2% rate increase, as doing so would only exacerbate the struggles of an already weakened economy. Rate hikes will soon come to an end, although there will be a 0.25% increase tomorrow. COT Report Data you can search COT Report Data. As i am not PRO members thats why i am unable to post links here. According to the Commitments of Traders (COT) report, the sentiment among "Non-commercial" traders has shown a slight decrease in bullishness during the recent reporting week. Speculators have increased their long contracts by 11,320 units, while short contracts have risen by 17,069. Although the overall sentiment of major players remains mostly bullish, the number of long and short contracts now stands at approximately equal levels, with 76,000 and 69,000 contracts respectively. The British pound demonstrates positive prospects for further growth, supported by current information that favors it over the NZD. However, I do not foresee a significant surge in the value of the pound sterling in the upcoming months. The outcomes of the Bank of England's meeting this week will provide further clarity on the pound's future outlook. Conclusion : In connection with technical and Fundamental analysis that we have done above i expect GBP to fall in coming months as GBP is not offering any thing to traders also inflation is not slowing down as fast as expected. The market will likely to lose confidence in the British pound since raising rates becomes futile if inflation fails to decrease. Increasing Rates would only burden an already struggling economy. Rate hikes will soon come to an end and then Investors will open Massive Shorts on GBP. Additional Comments If we compare GBPJPY, GBPNZD, GBPAUD and the most favourite all time pair GBPUSD. we will find a common relation, GBP is reaching higher level on all these pairs and everyone will short GBP from these levels. Massive Sell Levels: GBPJPY : 194.5000 GBPNZD: 2.10500 GBPUSD: 1.30000 GBPAUD: 1.92500 Hopefully, this will benefit all traders.
Short
by AhsanTufail
2
GBPNZD Long Term Trading Idea Hello Traders In This Chart GBPNZD 4 HOUR Forex Forecast By FOREX PLANET today nzdcad analysis 👆 🟢This Chart includes_ (GBPNZD market update) 🟢What is The Next Opportunity on GBPNZD 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 forexplanet797
2
GBPNZD - Short active ✅Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: As I said in my previous analysis I expect price to make a retracement on daily timeframe, so on 4H we can see that price took buy side liquidity and rejected from bearish order block, so I opened a short position. Fundamental analysis: Upcoming week we have news on GBP. On Wednesday will be released yearly CPI and on Thursday Interest Rate. Pay attention to the results in order to validate the analysis, as these news are one of the most important. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
GBPNZD to find buyers at previous support?GBPNZD - 24h expiry - We look to Buy at 2.0415 (stop at 2.0365) Previous support located at 2.0400. Previous resistance located at 2.0500. Price continues to trade within the triangle formation. We expect a reversal in this move. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Our profit targets will be 2.0535 and 2.0565 Resistance: 2.0500 / 2.0600 / 2.0650 Support: 2.0450 / 2.0400 / 2.0300 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Long
by VantageMarkets
GBPUSD - Powerful IMPULSE leg 200pips GBPUSD is showing a really good STRENGTH from last week, right now we are reaching OVERBOUGHT levels but DIRECTION on this trade is still LONG. #1 ENTRY (Risk Entry, Good Reward) -: Enter LONG only when price pullback to the BASELINE/Automated KEY ZONE. INVALIDATION Invalidation on this trade happens only when DXY SHORT play get invalidated (See the DXY idea to check the exact levels) TARGETS If LONG gets triggered, exit here will be at PMtH level (Previous Month High). P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
by TheHOODofCRYPTO
GBPNZD - Long after filling the imbalance ✅Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect price to continue the retracement to fill that huge imbalance lower and then to reject from bullish order block + institutional big figure 1.99000. Fundamental analysis: Upcoming week on Wednesday we have news on GBP, will be released monthly GDP & on Thursday on NZD will be released quarterly GDP. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
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