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British Pound / New Zealand Dollar

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GBPNZD trade ideas

established new uptrend in lower timefram Let's analyze the GBP/NZD chart. 1. Currency Pair: The chart represents the GBP/NZD (British Pound/New Zealand Dollar) currency pair. 2. Time Frame: The chart is based on a 4-hour time frame. 3. Technical Analysis: - Descending Channel: The chart shows a descending channel pattern. This pattern is formed by two parallel downward-sloping trendlines connecting lower highs and lower lows. It indicates a bearish trend. - Support and Resistance: Horizontal lines mark specific price levels, which may act as support or resistance areas. These levels are crucial for traders. - Short-Term Support: Inside the larger channel, there's an upward-sloping trendline acting as short-term support for the price. 4. Trading Implications: Traders interested in GBP/NZD can use this analysis to identify potential entry and exit points based on the observed patterns. Remember that this is just a technical analysis, and other factors (fundamental analysis, geopolitical events, etc.) can also impact currency pairs. Always consider a holistic approach when making trading decisions. 📈💡
Long
by THE-10
GBPNZDAnalysis for the GBPNZD currency pair. Let's break down your analysis step by step: Expected Downward Movement to OB Area (2.04610 - 2.04140): You anticipate that the price of GBPNZD will decrease to a range between 2.04610 and 2.04140. This is often referred to as the "Order Block" (OB) area in technical analysis, where buying interest is expected to come in. Anticipated Upward Movement to 2.08440: After reaching the OB area, you expect the price to rebound and potentially reach 2.08440. This level might act as a resistance or a target for profit-taking. Subsequent Drop to Weekly Support at 2.01030: Following the potential rise to 2.08440, you predict another downward movement in price, aiming to reach the weekly support level at 2.01030. This could be a significant level where buyers are expected to enter again. Weekly Price Update: You plan to provide an update on these price movements by the end of the week, possibly to reassess or confirm your analysis based on how the market has behaved. It's important to note that trading predictions are speculative and influenced by various factors, including economic news, geopolitical events, and market sentiment. Always consider using risk management techniques and consult multiple sources of information before making trading decisions.
Short
by Tdawly_Official
Bearish drop?GBP/NZD is rising towards a resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 2.07254 Why we like it: There is an overlap resistance level which lines up with the 38.2% Fibonacci retracement. Stop loss: 2.08612 Why we like it: There is a pullback resistance level. Take profit: 2.06216 Why we like it: There is a pullback support level. 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.
Short
by VantageMarkets
GBPNZD 1D MA50 rejection. Sell Signal.The GBPNZD pair recently made a Bearish Break-out as it broke below the Channel Up and the 1D MA200 (orange trend-line), introducing a new Channel Down pattern. On Monday we saw the latest rejection on the 1D MA50 (blue trend-line), which has been holding as Resistance since May 03. As long as it holds, we expect the new Bearish Leg to start. The previous one stopped after a -2.75% decline, which currently gives a price tag at a little below 2.0300. However we will use a more modest Target, aiming at 2.04000 (a little above Support 2). ------------------------------------------------------------------------------- ** 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
GBPNZD - 4hrs ( Buy Trade / 2 Entry's Target Range 200 : 400 PIP☑️Pair Name : GBP/NZD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ 🛡 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ⌛ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Reversal 2.07100 Area Reasons - Major choch Zone - Visible Range kvn - Pattern Reversal - Fixed Rage Hvn - Quarters Area Bearish Reversal 2.08800 Area Profits Gain Bearish Reversal 2.12000 Area Profits Gain Reasons - Major Turn level / W - Quarter high - Month High - Choch Zone - Fibo Golden - Visible Range Hvn
Long
by GoldenEngine
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