GBPNZD Long Trade Plan GBPNZD
If
Price retraces back down to entry price
Then
I will Buy 33097 = $100 risk
Manage the trade and close half at target and if conditions are good take the other half all the way up to target 2
GBPNZD trade ideas
Falling towards 50% Fibonacci support?GBP/NZD is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 2.1903
Why we like it:
There is a pullback suppor tlevel that lines up with the 50% Fibonacci retraecment.
Stop loss: 2.1720
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Take profit: 2.2098
Why we like it:
There is a pullback resistance level.
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GBPNZD: Short Opportunity with Downward MomentumThe GBPNZD pair is showing clear bearish momentum, with the New Zealand Dollar (NZD) strengthening against the British Pound (GBP). Recent economic data from the UK suggests ongoing weakness, while New Zealand's outlook remains more positive, supporting further downside for GBPNZD. Price action indicates a continuation of the current downtrend, making this an ideal time to consider a short position. OANDA:GBPNZD
GBPNZD SELL signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPNZD Wave Analysis 9 December 2024
- GBPNZD reversed from key resistance level 2.1840
- Likely to fall to support level 2.1600
GBPNZD currency pair recently reversed down from the resistance zone between the key resistance level 2.1840 (which has been reversing the pair from July) and the upper daily Bollinger Band.
The downward reversal from this resistance zone will likely form the daily Japanese candlesticks reversal pattern Shooting Star.
Given the strength of the resistance level 2.1840 and the overbought daily Stochastic, GBPNZD currency pair can be expected to fall toward the next support level 2.1600.
GBPNZD ShortI am expecting a small pull back before it going to drop. Can short half from here and add another after half on retracement.
Follow proper risk management.
Regrds
LearnFx Mohan
Sell GBP/NZD Triangle PatternThe GBP/NZD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation.
Target Levels:
1st Support – 2.1983
2nd Support – 2.1860
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Thank you.
GBPNZDSwing Trading idea for GBPNZD. This is my idea since it has been a long time that and I believe this is we here the cycle to recycle.
Atlas - Week in Review - Dec 20th 2024 Atlas - Week in Review - Dec 20th 2024
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By: Atlas aka Noble.Mike.Jamison
GBPNZD Will Go Lower! Sell!
Here is our detailed technical review for GBPNZD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2.218.
Considering the today's price action, probabilities will be high to see a movement to 2.208.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
GBPNZD - LONGGBPNZD is making HH and HL with trendline support.
Entry is with fib.
SL is below Higher low.
gbpnzd broke the channelgbpnzd broke the falling trend channel on the hourly chart with a lot of volume. I expect an upward move of at least 150 pips after the retest.
GBPNZD is in a macro bullish cycle despite GBP weaknessPound Kiwi is building support very well. Targeting buyside and scalping long from dips is the way to profit with this pair for the moment. We can expect this trend to continue.
Find a good dip into lower time frame FVGs and let the longs rip!
GBPNZD ... Bullish Move - Dec 16th 2024GBPNZD ... Bullish Move - Dec 16th 2024
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By: Atlas aka Noble.Mike.Jamison
#012 NEW DCA GBPNZD LONG Trendline BreakoutOk, I am taking on another GBP trade, but this time its paired with the NZD instead of SGD.
This other setup is based on trendline break but it doesnt matter. what matters is that it is in an uptrend and I am entering on a confirmed uptrend.
If price reverses, then we would reverse too. As long as price shows to us that it is a confirmed reverses, we would reverse our position, otherwise, we would just close that losing position out for a small loss or a small win.
More details in screenshots below.
2302SGT 16122024
GBPNZD has completed its retracementthe overall trend is bullish plus the price has got a decent bounce from the Fib golden pocket(0.618) once the price breaks the upper trendline of the bullish flag it will be another major confluence for another bullish rally
GBP_NZD (400 Pip Range Bound)The GBP/NZD currency pair has recently reached a 9-year high, indicating significant strength in the British Pound against the New Zealand Dollar. Based on the provided information and search results, here's a detailed analysis for the coming 3 days:
Fundamental Analysis
The GBP/NZD pair has been showing a strong bullish trend, driven by several factors:
1. Economic Divergence: The UK economy has been showing signs of resilience, while New Zealand's economy faces challenges, contributing to the pair's upward momentum.
2. Interest Rate Differentials: The Bank of England's monetary policy stance compared to the Reserve Bank of New Zealand's approach may be supporting the Pound's strength against the Kiwi.
3. Global Risk Sentiment: As a risk-sensitive currency, the New Zealand Dollar may be under pressure due to global economic uncertainties, benefiting the relatively safer Pound.
Technical Analysis
Short-term technical indicators suggest a potential for both bullish continuation and a possible correction:
1. Trend Analysis: The overall trend remains strongly bullish, with the pair making new highs and trading above key moving averages.
2. Resistance Levels: The pair recently reversed from a key resistance level at 2.1840, which could act as a ceiling for further gains in the short term.
3. Support Levels: Key support is identified at 2.1600, which could be tested if the pair experiences a pullback.
4. Momentum Indicators:
a. The daily Stochastic indicator suggests overbought conditions, which may lead to a short-term correction.
b. The 14-day RSI is at 68.10, approaching overbought territory but not yet extreme.
5. Moving Averages: The pair is trading above both the 50-day SMA (2.16) and the 200-day SMA (2.13), confirming the strong uptrend.
Short-term Forecast (Next 3 Days)
Consolidation: The pair should trade within the range of 2.17-2.21 as it consolidates after the recent strong move.
Volatility is expected to remain high, with an average daily range of about 0.54%.
Conclusion
While the long-term trend for GBP/NZD remains bullish, the pair may experience short-term volatility and potential correction after reaching a 9-year high. Traders should watch key technical levels and be aware of any fundamental developments that could impact either currency.
Citations:
fxpro.news
www.centralcharts.com
www.centralcharts.com
coincodex.com
www.ofx.com
www.icmarkets.com
www.tradingview.com
www.icmarkets.com
www.tradingview.com
au.investing.com
GBPNZD H4 swing move coming soon ???Strong trending market
Nice looking retracement trendline
Price pulling back into structure
Faster stochastic lines reaching oversold
Faster stochastic lines are likely to be pulled up to the slower stochastic
Faster Stochastic lines maybe printing divergence soon
Wait for lower timeframe confirmation signals before entry
GBP_NZD SUPPORT AHEAD|LONG|
✅GBP_NZD is going down to retest a horizontal support of 2.1900
Which makes me locally bullish biased
And I think that we will see a rebound
And a move up from the level
Towards the target above at 2.2013
LONG🚀
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GBPNZD Will Grow! Long!
Here is our detailed technical review for GBPNZD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2.192.
Considering the today's price action, probabilities will be high to see a movement to 2.208.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
GBP-NZD Local Long! Buy!
Hello,Traders!
GBP-NZD is trading in an
Uptrend so despite the fact
That the pair is making a local
Bearish correction now we are
Bullish biased so after it retests
The horizontal support of 2.1872
We will be expecting a
Further bullish move up
Buy!
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Check out other forecasts below too!
GBPNZD💡The chart shows technical analysis of the GBP/NZD currency pair on the daily time frame (D1). The drawing indicates the presence of an ascending channel, where the price moves between two upward-sloping support and resistance lines. If the price breaks the resistance area, it may continue to rise. If it fails to break the resistance, it will likely bounce down towards S.1 support or the lower border of the channel. The MACD indicator is showing rising positive momentum, which currently supports the upward trend. ⛔️It is not investment advice for educational purposes only.
