GBPNZD trade ideas
GBPNZD SELLing scenario strong, 350+ PIPS TP CONFIRMED...📉 GBPNZD Price Forecast 📉
GBPNZD is currently in a selling zone, forming an Inverted Flag and Pole pattern, which is a bearish continuation signal. The pair is trading below the 200 EMA, reinforcing strong downside momentum.
The market is approaching a breakdown of the flag pattern, with a strong bearish candle nearly confirming the move. Based on the pole height projection (350 pips), this setup offers significant profit potential.
🎯 Technical Target Levels:
- 2.1600
- 2.1425
📌 Key Highlights:
- Inverted Flag and Pole pattern indicates a continuation of the bearish trend.
- Trading below the 200 EMA, confirming selling pressure.
- Target range of 350 pips, offering an excellent opportunity for traders.
- Watch for a confirmed breakdown of the flag pattern to enter.
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GBPNZD BULLISH SETUPGBPNZD is currently in a bullish trend and the price is expected to retest the trendline .
Good LUck
GBP/NZD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are now examining the GBP/NZD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 2.177 level.
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GBP/NZD - Trade Idea.Long for potential long positions at 2.1600.
Why?.. At this Phycological level we can see previously that we have had large buying pressure added at this level. To support this we can see multiple Imbalances left after price sky rocketed.
Currently price is falling will multiple market jumps insinuating the continuation of Bearish movements for the next few days.
I would like to see price come down into the Demand zone at the suggested level. This shows me price is at a Discounted Rate. As long as price respects the Previous Low then we are still Bullish on the Long Term.
Stop loss levels are below the Daily TF Imbalance. Im risking 130 Pips for 730 Pips in return.
Take Profit levels are taking out Buy Side Liquidity
GBPNZD longBreakout of triangle (break and test) and there is strong support in Murray Line 2. The goal Murray line 4.
Good luck
Bounce up comingLooks like a triple bottom. That's a very conservative TP, I think is going higher but I'll close half of my position when it gets there. SL triggers if a daily candle breaks down the support and closes under it.
GBPNZD - The pound, at peace?!The GBPNZD currency pair is below the EMA200 and EMA50 in the 4-hour timeframe and is trading in its ascending channel. If the downward trend continues, we can see the demand zone and buy this currency pair in that zone with the appropriate risk reward. The upward correction of this currency pair will provide us with the opportunity to sell it again.
According to Bloomberg, in response to rising borrowing costs, the UK bond market has requested that the government reduce the issuance of long-term bonds next year. During annual consultation meetings held on Monday, traders strongly advocated for a reduction in the maturity of bonds issued for the fiscal year 2025-2026 compared to current levels.
The majority of investors favor increasing the issuance of short-term bonds due to declining demand for long-term bonds from pension funds. The Debt Management Office mentioned in its meeting minutes that the market requires greater flexibility due to “uncertainty.”
The recent rise in UK bond yields has posed new challenges for the government, and these proposals could help the government adapt to the shifts in demand.
As reported by the Financial Times, UK Treasury Minister Rachel Reeves has expressed support for regulatory plans aimed at reducing restrictions on mortgage lending.These plans, which are being reviewed by the Financial Conduct Authority (FCA), aim to allow banks to take on more risk with mortgage loans, enabling more people to become homeowners.
In an interview with the Financial Times, Reeves stated her willingness to consider the FCA’s proposals for easing mortgage restrictions. She said, “I am fully prepared to explore ideas that can help working families achieve homeownership.”
This week, Reeves traveled to Davos to participate in the World Economic Forum and promote the UK as a prime destination for investment. This effort is part of the Labour government’s strategy to stimulate economic growth, as the UK experienced a recession in the second half of last year.
Given the stringent fiscal rules Reeves has imposed on herself and the decline in business confidence following her decision to raise employer national insurance contributions in the October budget, the Treasury Minister has faced significant political pressure since the start of the year. The Treasury is at the forefront of the government’s efforts to push regulators to introduce growth-enhancing measures. Last week, Reeves met with several UK regulatory officials to gather their ideas on this matter.
Data from the Office for National Statistics (ONS) revealed that the number of job vacancies in the UK decreased to 812,000 in the quarter ending December. Additionally, the economic inactivity rate dropped to 21.6% in the three months ending November.
Traders have increased their bets on an interest rate cut by the Bank of England, expecting a reduction of 64 basis points this year.
Moreover, December data indicates that the UK’s public sector net debt (excluding banking groups) rose to £17.8 billion, up from the previous figure of £11.2 billion. Public sector tax receipts increased to £19.9 billion, a notable rise compared to the previous £13.0 billion. Similarly, central government net debt climbed to £19.9 billion, up from £16.3 billion previously.
Meanwhile, in the latest Global Dairy Trade (GDT) auction in New Zealand, the GDT price index increased by 1.4%, while whole milk powder prices rose by 5%.
GBPNZD: Sell Opportunity After Support BreakOANDA:GBPNZD has broken a key support zone signaling a potential increase in bearish momentum. The price is currently retesting this broken support, which now serves as resistance.
If sellers confirm resistance at this level, I expect the price to move downward toward 2.15600, aligning with the bearish trend. On the other hand, a failure to hold resistance could indicate a bullish shift.
Traders should watch for bearish confirmation signals, such as bearish engulfing candles or strong selling volume, before entering short positions.
GBPNZD Massive Long! BUY!
My dear friends,
Please, find my technical outlook for EUR/USD below:
The instrument tests an important psychological level 2.1703
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 - 2.1748
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
GBPNZD - 4H - Bullish ReversalFollowing are the factors involved in Bullish Reversal:
1. Bullish Divergence
2. Double Bottom Pattern
GBPNZD SELL TRADE PLANICMARKETS:GBPNZD
Trade Type: Sell (Short)
Entry 1 (Safe Market Order): 2.1770 (Break & Retest Confirmed)
Entry 2 (Optimal Limit Order): 2.1820-2.1850 (Sell at Supply Zone Rejection)
Stop Loss (Safe Above Structure): 2.1910
TP1: 2.1700 (Secure Partial Profits).
TP2: 2.1650 (Key Demand Zone).
TP3 (Full TP): 2.1600 (Sell-Side Liquidity Grab).
Risk-to-Reward (R:R): Minimum 1:3 R:R (High Probability).
Trade Confidence Level: 85% Bearish Bias (Strong Institutional Confluences).
GBPNZD Bearish Breakout!
HI,Traders !
GBP-NZD is trading in a
Downtrend and the pair
Broke out of the bearish
Flag pattern so we are
Bearish biased and we
Will be expecting a
Further move down !
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GBPNZD SELLAfter a breakout and nice retest, GBPNZD is set for a drop to the nearest support. Risk wisely.
GBPNZD Is Going Up! Buy!
Here is our detailed technical review for GBPNZD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2.174.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.200 level.
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.
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GBP/NZD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/NZD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 2.158 area.
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Pattern ID on GBP/NZD 28/01/2025Hello this is my Pattern ID on GBP/NZD 28/01/2025. Would appreciate your feedback
GBP/NZD - Reaching a weak resistance area , time for corectionHi guys , we are looking into GBP/NZD - it has had a very good uptrend the past few weeks, and it reached a very weak resistance area, which is giving us the indication that a correction is due.
Currently on 1H and 4H we reached high over-bought area with close to 0 support to remain at this price.
Entry: 2.19630
Target 1: 2.19100
Target 2: 2.18400
SL : 2.20200
As always my friends happy trading!
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GBPNZD Will Go Lower! Sell!
Please, check our technical outlook for GBPNZD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 2.192.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2.165 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPNZD1#Bearish trendline bearkout and price cosolidate complete.
2#biger time frame trend is bulish (Daily)
3#Bulish Divergence.
my buy stop cosolidation box bearkout.
Buy stop 2.19200
Stop Loss 2.16697
Take Profit 2.21753
RRR 1:1
GBP/NZD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
We are going long on the GBP/NZD with the target of 2.235 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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GBPNZD LONGS (High risk)Weekly : Bullish. Price continuously making higher highs and higher lows.
Daily : Bearish. However, price is sitting at an important AOI which is also a psych level 2.17000. Also 3rd touch of bullish dynamic trendline
4h : Price is creating a tripple bottom but the structure is bearish. Price is retesting a broken dynamic bearish trendline
