Get started

Gbpnzdsignal

GBPNZD Longterm view (LONG)My view of GBPNZD . Potential long opportunity. I am expecting a pullback to the downside due to bear flag being formed on 1D TF . We will see how things go ater ILO Unemployment rate is released. 1.92000 is an area that provided strong support throughout April and May . My idea is valid and will be active IF we come down to our Entry Level 1.92129 . My Stop Loss is well below a possible Stop Hunt at 1.91665 . At 1.96438 set your Stop Loss at Breakeven . At TP 1 close partial and wait for a clear break to the upside . If we fail to break 2.00686 again, we might get the third touch , “tripple top” (marked with red ellipses). TP 2 and TP 3 will be hit after clear breaks and continuations to the upside . PARAMETERS - Entry: 1.92129 - SL: 1.91488 - TP 1: 2.00686 - TP 2: 2.02692 - TP 3: 2.04316 KEY NOTES - 1D timeframe showing a possible bear flag formation . - ILO Unemployment rate released on 14th of September 2021 . - 1.920000 is an area that provided strong support throughout April and May . - If we fail to break 2.00686 again, we might get the third touch , “tripple top” which may cause the price to come down and retest the 1.920000 area. - TP2, TP3 valid only if we have clear breaks and continuations. Enjoy the rest of your weekend and happy trading.
Long
by BANDZTRADES
GBPNZD | Perspective for the new weekThe price dipped over 200pips in our direction since the last speculation before the rally began (see link below for reference purposes) and following an emphatic downward spiral that lasted 3 weeks, it appears we are at a juncture in the market that suggests that price is on the verge to reverse. Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Trendline | Reversal pattern (Triple Bottom) Observation: i. It has been a Bearish run for the Pound since mid-August, 2021 before it found a bottom at @ NZ$1.93300. ii. The line drawn over pivot highs is a visual representation revealing the prevailing direction of price action in the last couple of weeks. iii. Since finding the bottom, the price has gone through a consolidation phase that culminated into what appears to be a successful breakout of Key level @ NZ$1.94250 (Neckline) during last week trading session. iv. A successful Breakout of the dominant Bearish Trend is a clue that Buyers are beginning to gain momentum. iv. There is a retest of NZ$1.93900 following the Breakout on the 9th of Sept. 2021. v. Depending on how the event unfolds when the market resumes next week, the rejection of NZ$1.93900 could be a signal for a rally continuation. vi. The early hours/days of the new week might see a price plunge into NZ$1.93800 - a level that has been tested more than a couple of times since the beginning of the month (Sept 2021) before the rally begins. vii. This been said, above Key level @ NZ$1.94250 remains a comfortable area for me to go long in the coming week(s) with an opportunity to add to my existing position at Breakout/Retest of NZ$1.94750... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:5 Potential Duration: 5 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
GBPNZD signal (LONG)Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: market target: ±1.978 stop: ~1.96 (depending of ur risk). ALWAYS follow ur RM . Good luck everyone! Follow me on TRADING View, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to your questions or suggestions(Looking for investors!).
Long
by trytofeelpositive
GBP/NZD:UPTREND|FIBO PRICE ACTION ANALYSIS+DIVERGENCES|LONG 🔔Previous Idea in Take profit.... Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Long
by FOREXN1
1
GBPNZD | Perspective for the new week | Follow-up detailsWe are yet to take advantage of the Bearish tendency since my last publication on this pair as we await price action to do a complete rejection of the Bullish trendline identified on the publication (see link below for reference purposes). Like the setup identified on our GBPAUD, we have a similar pattern here too as price action transitions into a Descending Channel Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Channel | Reversal pattern (retracement) Observation: i. A successful Breakdown of NZ$1.98500 on the 23rd of June 2021 after hitting a peak @ NZ$1.99600 is enough reason to expect a Bearish momentum. ii. The Impulsive Breakdown was followed by a rejection of the same level at exactly 61.8% retracement (NZ$1.98500 area)on the 30th of June 2021 to respect Descending channel. iii. The momentum initiated within the channel at the inception of the retracement move (25th June 2021) in the direction of the Bullish Trend declined as price successfully broke down both the Key level & Trendline on the 2nd July 2021 to give further significance to my Bearish bias. iv. I look forward to a possible climb to retest Key level (New Supply level indicated on the chart) in the coming week before the risk of further decline. v. A further plunge below NZ$1.96000 (Breakdown/Retest) welcomes an addition to the existing position... Trade consciously!😊. Trading plan: SELL confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:4 Potential Duration: 2 to 7days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
GBPNZD has broken below the support going down Welcome back Traders, Investors, and Community! Hi Traders, GBPNZD on the H4 has broken below the support line with a big red candle which suggest the price will go lower however a Pullback might happen at 1.9797 before it goes lower to another major Support around 1.9667 On the H1 we can see that the market has been Bearish for last couple of hours heading down. ⬇️Sell now or Sell at 1.9797 ⭕️SL @ 1.9817 ✅TP1 @ 1.9701 ✅TP2 @ 1.9667 ✅TP3 @ 1.9600 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
Short
by Fibonacci-Signals
💡Don't miss the great sell opportunity in GBPNZDTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.9797). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPNZD is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 42. Take Profits: TP1= @ 1.9701 TP2= @ 1.9667 TP3= @ 1.9600 TP4= @ 1.9489 TP5= @ 1.9418 SL: Break Above R3 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
8
GBPNZD | Perspective for the new week | Follow-upIt's approximately 700pips move in our direction since my last publication on this pair ( see link below for reference purposes) and the price has continued to reject the NZ$1.98000 zone. This is a sign that Buyers are yet to garner the momentum to push the price above this level in the last 9 months (since September 2020) hereby giving an advantage to Sellers from this area. Considering the memory at the NZ$1.98000 zone, Investors have been hesitant to keep buying the Pound New Zealand Dollar (GBP/NZD) exchange rate higher, as the Pound’s "bullishness" runs out of steam every time it reaches this level which is represented on the chart with Rejection I to IV. Tendency: Downtrend (Bearish) Structure: Supply & Demand | Trendline Observation: i. The Trendline indicated on the chart has been a significant factor in deciding the prevailing bias of participants in the market since the beginning of the year 2021. ii. It is important to note that as soon as the price touches NZ$1.98000 a sharp rejection happens and this has occurred three different times this year (March, May & June); This is a clue into the immense strength of Sellers at this juncture in the market. iii. Focus shall be below Key level I @ NZ$1.9670 for selling opportunity with confirmation at the Breakdown/Retest of Trendline. iv. Breakdown/Retest of Key level II @ NZ$1.9200 shall welcome addition to existing running position. v. CAUTION: Please note that confirmation remains below Key level I as any significant Break above NZ$1.98000 shall welcome a rally continuation at retest... Trade consciously!:) Trading plan: SELL confirmation with a minimum potential profit of 500 pips. Risk/Reward : 1:6 Potential Duration: 10 to 20days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
4