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British Pound / New Zealand Dollar

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GBPNZD trade ideas

Potential bullish rise?GBP/NZD has reversed off the support level which is a pullback support that is slightly below the 38.2% Fibonacci retracement and could rise to ur take profit. Entry: 2.1347 Why we like it: There is a pullback support level which is slightly below the 38.2% Fibonacci retracement. Stop loss: 2.1220 Why we like it: A pullback support level lines up with the 50% Fibonacci retracement. Take profit: 2.1711 Why we like it: A pullback resistance level aligns with the 61.8% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
GBPNZD conscious LONGAfter market formed inverse head and shoulder on weekly and daily then broke it, market as been breaking structure to the upside which solidifies the uptrend move. market is pulling back into an SnR zone in confluence with fib 50% level and trendline touch. Market can break through this level which will open up the next SnR zone, this will mean market wants to give a proper retest on the inverse head and shoulder that was broken. WAIT FOR A BULLISH CANDLESTICK PARTTERN BEFORE GOING LONG
Long
by Bello-swings
GBPNZD Weekly Analysis and OutlookGBPNZD Weekly Analysis and Outlook This week, the GBPNZD pair has shown a pronounced downward trajectory, closing in a bearish continuation phase. This downward momentum indicates a negative sentiment among traders, suggesting further potential for a decline. Current Market Overview: The pair has been steadily moving downwards, supported by unfavorable market conditions and bearish sentiment. As it approaches a key support zone, traders should closely monitor the price action. A successful break below this support would likely confirm the continuation of the bearish trend. Expectations and Potential Scenarios: Upon breaking the support zone, we anticipate that the GBPNZD will continue its downward momentum. This breakout could open the door to lower levels, offering traders potential opportunities to capitalize on the bearish trend. Primary Expectation: If the support is broken, the price is likely to sustain its downward movement, potentially targeting lower support levels. This scenario would reinforce the bearish outlook, making it a favorable environment for short positions. Alternative Scenario: However, if the price encounters strong support and fails to break through, a temporary pullback could occur. Traders should be prepared for this scenario, as it might provide opportunities to reassess entry points at higher levels before resuming the downward trend. Conclusion: In summary, the GBPNZD pair is poised for further downward movement following its recent bearish phase. Traders should watch for a decisive break below the support zone, which could serve as a catalyst for continued declines. Maintaining awareness of both bearish and corrective scenarios will be crucial for effective trading strategies. Stay updated with market developments and adjust your positions accordingly. By Piptera Digital Solutions, Invest Wisely!
Short
by Piptera-Digital-Solutions
GBPNZD Sellers In Panic! BUY! My dear friends, Please, find my technical outlook for GBPNZD below: The instrument tests an important psychological level 2.1461. Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2.1629 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
GPBNZD Weekly NEEDS TO PULL BACK SOON!!!GBPNZD Has been bullish for 28 days without any type of healthy pullback, we know what happens next. there are multiple strong confluences around 2.14794 - 2.14936 Confluences has moved 867 pips in 24 days has found resistance. Has been bullish for 28 days is currently struggling to close above 2.1483. There is a Trendline from march 2020 which it is currently reacting off. It is reacting off a rejection point 2.14775 Rejecting off -0.27 Fibonacci target GBPNZD Daily TF 2.12389 - 2.12118 is my area of interest where think GBPNZD will pull back to which works out 230/260 pips then we should see an reaction from that area GPBNZD 4Hr TF Reasons to turn bearish Currently struggling to break 2.14831 and close above. Triple tap. Nice 4hr rejection candlestick. Moved 800 pips which means there needs to be a pull back nothing keeps soaring without a pullback. My area of interest is 2.12389 - 2.12118 is where I expect to see a pull back to and we should see an reaction. GBPNZD 1Hr TF Confluences 1hr candlestick rejection Triple tap rejecting off 0.786 Struggling to close above 2.14831
Short
by ChartStrategist
GBPNZD I Technical forecast and trading plan Welcome back! Let me know your thoughts in the comments! ** GBPNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
6
GBPNZD PRINTING REVERSAL PATTERAN ON 1HTechnically: GBPNZD is printing Double top pattern which is clearly indicate the reversal. BXY is Bearish on Daily time frame ZXY is bullish on daily time frame Fundamentally: COT reports of this week and previous weeks clearly shows that Big players consistently increasing shorts positions of GBP and long positions of NZD. Sentiments: GBPNZD 90% Shorts. Trade Plan: Entry :2.17825 Stop Loss: 2.18960 TP1: 2.16671 (1:1) TP2: 2.15535 (1:2) Take Trade Your own Risk Good Luck
Short
by rizwanahmed0603
1
#GBPNZD more bearish move to comeThis is my prediction for GBPNZD for the next couple of days. As you can see in the chart, the price seems to be completing a 5-wave bearish impulsive move, which could end by tomorrow. Following this bearish move, we could assume a bullish corrective ABC formation, which could take us all the way back to the level indicated by the arrow. From there, we could expect another impulsive bearish move, which could be either wave 3 or wave C. We do not know this for sure at this point, so we should wait and analyze the price action once the time is relevant. Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
by mohemati
8