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Gbpnzdshort

Fading into GBPNZD breakdown.GBPNZD - 23h expiry - We look to Sell a break of 1.9128 (stop at 1.9245) Selling pressure dominated price action yesterday and we expect this to continue today. Previous support located at 1.9128. Short term bias is bearish. Further downside is expected, however, due to the strong support below we prefer to sell a break of 1.9128, which will confirm the bearish sentiment. Our profit targets will be 1.8830 and 1.8705 Resistance: 1.9305 / 1.9675 / 2.0105 Support: 1.9075 / 1.8890 / 1.8705 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.
Short
by OANDA
GBPNZD seems bearish to 1.8267 with a warningInverse Cup and Handle has formed on daily with not a great handle (but a Bear Rectangle) MAs all clustered which signals indecision with which direction it wants to go. There is clearly strong momentum to the downside and so the target is 1.8267 With the current tax issues in the UK since Liz Truss and the failing economy, investors are more wary with the pound and the direction on where it's going. The aftermath is showing more downside to come. Bearish bias
Short
by Timonrosso
GBPNZD: Watching for BEARISH Trend Continuation Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPNZD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: In HTF, the market recently broke the previous swing high, and at that time, considering the bullish momentum, many traders were looking for a buy position. However, as you can see on the chart, the market formed a head and shoulders pattern just above the resistance level, dropping sharply to the downside, a clear shift of momentum. Since a couple a weeks ago, this market as been consolidating and it may be ready soon for a trend continuation if the bearish momentum will stay intact! When, where and why would we step into the market? Considering the actual bearish momentum in HTF, we would only be looking for day/swing trading short positions, if market will confirm the end of the consolidation by a breakout and further continuation, targeting the next swing low at about 1.88000. In the scenario of breakout to the upside or no breakout at all, no action will be taken on here! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
9
GBPNZD should head down during the week of 21 Nov.GBPNZD is consolidating in a channel structure. When such PA develops at the bottom of a bearish move, IMO the breakout will be in the same direction as the preceding trend. Traders also know this as the "bear flag". I will be looking to take a short around the 1.9590 region, if we get a move to that area followed by some bearish PA on a lower time frame. Always use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
GBPNZD: Will The Price Face Resistance Near 1.9550?GBPNZD: Will The Price Face Resistance Near 1.9550? GBPNZD: Will The Price Face Resistance Near 1.9550? The price has started to correct as expected a few days ago, the bearish move should be very close. I expected the price to go up a bit more before the next bearish move, but anything can happen. Target and also support areas 1.9200 and 1.8850 Targets: 🎯 1.92084 🎯 1.88502 Thank you and Good Luck! Previous Analysis Number_1: Previous Analysis Number_2:
Short
by KlejdiCuni
5
GBPNZD: Is the market getting ready for the next IMPULSE?Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPNZD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: At the end of September, the market performed a really strong and sharp bullish impulse. During that time, many traders were looking for a long position, our team included! Eventually, in the month of November, we could see a formation of a head and shoulders just above a previous swing high, a perfect clue for a market reversal, confirmed just at the end of October with a strong breakout of the main pattern and continuation to the downside. Currently, the market is forming a potential bearish flag, needed to correct the previous sharp and quick move. For our bias, although we will be looking for a short entry, the market is not ready yet and a deeper consolidation it may happen and last for the week and eventually the next one. When, where and why would we step into the market? Before any short position on this market, we will be waiting for the consolidation to be completed, eventually entering on the breakout or from the top of LTF structure if all the conditions will be in line with our strategy. We don’t expect the market reaching very low target but 1.9100 could be a realistic and a possible scenario, definitely profitable also in terms of RR! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
22