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British Pound / New Zealand Dollar

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GBPNZD trade ideas

GBPNZD Sell signal at the top of the Channel Up.The GBPNZD pair is approaching the top (Higher Highs trend-line) of the 7-month Channel Up and has already completed a +4.40% rise since its recent Higher Low. That is the exact rise % that the previous two Bullish Legs of the Channel achieved. As a result this is close to the most optimal sell signal we can get. Both previous Bearish Legs that followed such top sell signals, reached at least the 0.618 Fibonacci retracement level. Therefore, our short-term Target on this pair is 2.09500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
2
Forex Trading Signal: GBPNZDDirection: Buy Enter Price: 2.14114 Take Profit: 2.14471333 Stop Loss: 2.13665333 Justification: Based on the analysis conducted using the EASY Quantum Ai strategy, we recommend initiating a Buy position for the GBPNZD pair at the entry price of 2.14114. Several indicators suggest a potential upward movement in this currency pair: - Trend Analysis: The recent trend suggests a bullish momentum as the pair has been showing higher highs and higher lows. - Technical Indicators: Key technical indicators such as RSI and Moving Averages are aligning in a manner that indicates a continuation of the bullish trend. - Economic Factors: Positive economic data from the UK compared to comparatively weaker data from New Zealand supports the bullish outlook. - Market Sentiment: Current market sentiment driven by geopolitical and economic events favors a rise in the price of GBPNZD. Kindly ensure your risk management strategies are in place, setting your Stop Loss at 2.13665333 to manage potential downside risks, and targeting a Take Profit at 2.14471333 for optimized gains. Trade wisely and keep monitoring the market conditions. End of Signal
Long
by ForexRobotEasy
GBPNZD: DT Curve Analysis📉 As we analyze the GBPNZD, we observe a pivot high at 2.1587 and a pivot low at 2.00. If this downtrend curve analysis plays out, there may be an opportunity to sell at the significant resistance level of 2.146. 📊 Following that, we will encounter our first support level around 2.1, with the next support level at 2.08, which falls in the middle of the pivot range. It's important to note that there will likely be a lot of consolidation in this area. 📈 If the price closes below the mid-pivot, the downtrend is expected to continue. Conversely, a turnaround to the upside could occur at the major support level of approximately 2.0235. 🙏 Let's remain optimistic and hope for favor as we navigate the market.
Short
by ProfessorCEWard
GBPNZD - Potential Perfect StormTaking a look at RSI on the 1 hour timeframe, it's obvious we are getting some bearish divergence after a strong week long rally. This strong bullish price action was attributed to the RBNZ interest rate decesion last week where interest rates were left unchanges at 5.50% However, later today we get the latest CPI data from New Zealand followed by UK's CPI data a few hours later. Could this be a potential perfect storm where New Zealand will show a surprise to the upside followed by a surprise to the downside with the UK? If that happens, I would expect this ascending support trendline to break opening the doors for a reversal. Time will tell but early clues are beginning to develop on the 1 hour timeframe with RSI. That's it - That's all Trade Safe.
Short
by Michael_Harding
GBNZD I Potential short from top of channel 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!
Short
by BKTradingAcademy
GBPNZD: Overbought Market & Pullback 🇬🇧🇳🇿 I think that we may see a pullback on GBPNZD. The price reached a key daily structure resistance and looks quite overbought on an hourly time frame. As a confirmation, I see 2 bearish breakouts on an hourly time frame. A violation of a support line of a rising parallel channel and a violation of a neckline of a double top pattern. The price may retrace to 2.133 level. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1