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Gbpnzdshort

GBPNZD - Short after filling the imbalance ✅Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 2.13000. Fundamental analysis: Upcoming week on Wednesday will be released monthly GDP on GBP, Pay attention to the result in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
What Next 2.10 Looks Crucial?This currency pair has caught my attention due to its recent breakthrough of the 2.10 resistance zone last week, propelling it upwards to around 2.13. But what lies ahead? Initially, it's worth noting that on the lower timeframe charts, we're witnessing a significant overbought condition. This hints at an impending retracement. In fact, signs are already emerging that a downward move towards the 2.10 resistance-turned-support level could be in the works. I've taken the initiative to initiate a short position based on this outlook.(see image below) While the potential for a more substantial correction can't be dismissed, I'm particularly keen to observe how price behaves at the crucial 2.10 level. This resembles a situation we encountered at 2.05 earlier, where after an initial breakout towards 2.10 (for a detailed breakdown, refer to my previous post from about a month ago), a subsequent retracement occurred, finding firm support at 2.05.(see image below) Should we begin to notice the establishment of a support structure on the lower timeframes (4-hour and 1-hour) in the vicinity of 2.10, akin to what transpired around 2.05, it sets the stage for a potential new bullish leg, targeting the 2.175 region that marked the high during the rapid rally of 2020. For a more pronounced correction to materialize, my criteria involve a decisive momentum break beneath the 2.10 level, followed by a weekly close below this threshold. Should these conditions be met, my sights are set on 2.05 or potentially lower. Currently, a short-term SELL trade has been triggered at 2.125. My initial target stands at 2.10, with a pivotal breakeven point at 2.116. At this juncture, I'll close 50% of the position and adjust the stop loss to match the entry price. The trajectory of a deeper correction or the potential onset of the next bullish phase hinges on how price responds in the vicinity of 2.10. Hope you enjoyed the read
Short
by TheFxAce
25
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 Sell Trade: High Probability, 1:6 Risk-Reward Adventure!"Introduction: Hello fellow traders! Today, we are back with an exciting long-term trade opportunity: Sell GBPNZD : 2.09450 Take Profit : 1.99403 Stop Loss : 2.11150. We will exit the trade if the Bank of England (BoE) maintains a hawkish rhetoric without softening. In this article, we will delve into the technical analysis and fundamental factors supporting this trade, all while keeping in mind the timeless wisdom of forex proverbs that guide us towards high probability trades. Technical Analysis: The decision to enter a sell trade at 2.09450 is driven by a compelling technical setup. The price level has consistently shown strong resistance, experiencing multiple rejections. Moreover, when applying Fibonacci Retracement levels from 1.89374 to 2.09450, we anticipate a 50% retracement downward. This enticing setup offers a remarkable 1:6 Risk Reward ratio, enhancing the trade's potential for substantial profit. "The trend is your friend." This age-old saying reminds us to align ourselves with prevailing market trends. As I have already mentioned that the GBP weakens in August 2023, the technical setup for the GBPNZD sell trade complements the broader downtrend, increasing our chances of success. Fundamental Analysis: The prevailing market sentiment suggests the BoE is likely to raise interest rates by 0.25% while signaling an end to their tightening policy. As a result, bearish traders are gearing up to capitalize on this expected scenario. "Trade what you see, not what you think." While expectations may be clear, as traders, we must be adaptable. If the BoE surprises with a more aggressive 0.50% rate hike or maintains their hawkish stance, the British pound could experience a significant surge. Staying open-minded and ready to adjust our strategy ensures we are prepared for all possible outcomes. Economists are raising concerns over downside risks for the British pound. The market may have overestimated the BoE's hawkishness over the past three months, and the UK economy's stagnation presents challenges in a G10 context. "Cut your losses short and let your profits run." As we venture into this trade, we must adhere to this timeless wisdom. If the trade doesn't unfold as expected, we should be ready to exit with minimal losses. Conversely, if conditions align with our analysis, we should let the profits run, maximizing our gains. Conclusion: The GBPNZD sell trade presents an enticing opportunity with its high probability setup and favorable Risk Reward ratio. However, it's essential to stay vigilant and agile, considering both technical and fundamental factors that may influence the trade's outcome. As traders, let us heed the wisdom of forex proverbs, guiding us towards successful and rewarding journeys in the dynamic world of forex trading. Happy trading!
Short
by AhsanTufail
8
Revolt of the colonies - why NZD will triumph over GBPI am splitting the trade into 2 entries: One right here at the current market price and a sell limit order at the high of 2.09000. The balance of power between the former colony and its rulers will shift soon: GBP view: - UK inflation came in lower than expected today. This was also likely because. 1. many leading economic indicators were already hinting at this in advance 2. analysts have been wrong in their forecasts for UK CPI more often in the past. - UK inflation will fall more than the market currently expects in the coming months. -> Most (but not all) of the BOE's priced-in rate hikes will have to be priced out. - Core inflation will remain sticky for now, but will also fall more sharply from Q4 2023 onwards -> Instead of the lavishly priced-in rate hikes, the BOE will tend to cut rates from 2024 onwards -> This will weigh on the GBP - US PMIs were bad this week - UK retail sales came in higher (as I forecasted) than the market expected this week, so I can't rule out a pullback in GBP NZD View: - Inflation data from New Zealand came in higher than expected -> The RBNZ says it has ended its rate hike cycle, but it may be forced to raise rates again in October or November. -> This will ultimately be decided by the NZ jobs data at the beginning of August.
Short
by PrimeTrading
2
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 sellers at market?GBPNZD - 24h expiry Previous support located at 2.0400. Previous resistance located at 2.0450. Price continues to trade within the triangle formation. A move through 2.0375 will confirm the bearish momentum. The formation has a measured move target of 2.0100. We look to Sell a break of 2.0390 (stop at 2.0460) Our profit targets will be 2.0220 and 2.0180 Resistance: 2.0450 / 2.0500 / 2.0550 Support: 2.0400 / 2.0375 / 2.0100 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.
Short
by VantageMarkets