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British Pound / New Zealand Dollar

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GBPNZD trade ideas

GBPNZD - The pound, in relative peace!The GBPNZD currency pair is located between EMA200 and EMA50 in the 4H timeframe and has left its downward channel. In case of a downward correction, we can see demand zone and buy this currency pair in that zone with a suitable risk reward. According to recent data, the UK’s economic indicators have shown various changes. M4 money supply, a key economic measure, has declined by 0.1%, compared to the previous figure of 0.6%. This drop may reflect reduced liquidity in the economy. In the area of consumer credit, the Bank of England reported that this metric reached £1.098 billion, lower than the forecast of £1.3 billion and the previous figure of £1.231 billion. This may indicate a decline in consumer demand for credit. Meanwhile, significant growth has been observed in the mortgage sector. Mortgage lending rose to £3.435 billion, surpassing the forecast of £2.7 billion and the previous figure of £2.541 billion. This increase suggests an improvement in the housing market and growing demand for mortgages. Additionally, the number of approved mortgages reached 68,303, exceeding the forecast of 64,500 and the previous figure of 65,647. This growth further highlights increased confidence and momentum in the housing market. Andrew Bailey, the Governor of the Bank of England, has addressed the financial and economic state of the UK, highlighting key concerns. He warned that price corrections could disrupt financing but expressed confidence that households and businesses would remain resilient against economic challenges. He also predicted that the UK’s economic growth would continue “sustainably.” Bailey pointed to heightened global risks and uncertainties while emphasizing that there is no conflict between financial stability and economic growth. Additionally, he noted that geopolitical risks remain elevated. According to Bloomberg and a CBI survey, tax pressures on UK businesses have caused a significant decline in the private sector. For the first time in two years, the budget has been identified as the main reason for reduced business activity. Companies have warned that hiring plans are at their weakest level since the COVID pandemic. Business activity in the UK has been declining for the first time in over two years as firms reduced jobs and limited investments following the October budget. According to the Confederation of British Industry’s (CBI) monthly growth index, a £26 billion ($33 billion) increase in payroll taxes and prolonged uncertainty caused by a three-month wait for the next budget after the Labour Party’s decisive victory in the July 4 election have significantly impacted private sector sentiment. The UK plans to review the design of its new labor survey in the spring. The Office for National Statistics (ONS) reported that overall employment levels are now 313,000 higher than before the COVID pandemic. The economic inactivity rate has decreased by 0.1% to 22.1%, while the unemployment rate has remained steady at around 4.2%. Employment rates for the period from April to June 2024 increased by 0.1%, reaching 74.6%.
Long
by Ali_PSND
GBPNZD BullishFundamental Analysis for GBPNZD 1. Exogenous Factors: GBP Strength: UK's economic data (e.g., GDP growth, interest rate policy, and BoE decisions). Favorable economic conditions like inflation control and rising bond yields boost GBP. NZD Weakness: Weak performance in New Zealand's trade balance. RBNZ's dovish monetary policy or slower GDP growth compared to the UK. 2. Endogenous Factors: GBP Endogenous: Bullish sentiment as per seasonal and historical data (e.g., increased activity in Q4 for GBP-related pairs). Positive investor confidence driven by high employment data or policy clarity. NZD Endogenous: Seasonal trends show NZD might weaken during this period. Export-driven economy potentially impacted by lower commodity demand globally. 3. Sentiment and Scoring: Net positioning (e.g., COT report) shows GBP long positions dominating over NZD shorts. Seasonality factors favor GBP strength over NZD during Q4 and early December. 4. Key Observations: GBP's domestic resilience, alongside NZD's external vulnerabilities (e.g., trade dependencies), creates a bearish environment for GBPNZD. Conditional scoring favors GBP over NZD as the dominant currency. Technical Analysis for GBPNZD The pair is respecting a descending channel. A potential breakout could signify bullish momentum if GBP strengthens further. Support: Around 2.1420 (previous swing low). Resistance: 2.1650 (upper channel line). RSI: Close to 59, indicating bullish momentum but not overbought. Look for divergence at key levels. Moving Averages: Identify whether SMA/EMA aligns with the trend for confirmation of the setup.
Long
by aamir98
1
GBPNZD Trading Opportunity! SELL! My dear subscribers, My technical analysis for GBPNZD is below: The price is coiling around a solid key level - 2.1547 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 2.1496 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GBPNZD- Short IdeaThe Leading economic indicators and endogenous factors are decreasing for the pair GBPNZD, while exogenous factors are increasing. Both currencies are decreasing interest rates almost at the same pace. COT report shows that net non-commercial positions are decreasing in both currencies. But the NZD has the edge over GBP as seasonality supports the bearish trend of GBPNZD as December is the risk-on month and NZD is a risk-on currency. However, If we look technically GBPNZD is in a bearish trend but currently, it is playing a range. So, according to our bias, we will only look for the sell setups.
Short
by MasoodAnsari
GBPNZD is in Selling Direction Hello Traders In This Chart GBPNZD 4 HOURLY Forex Forecast By FOREX PLANET today GBPNZD analysis 👆 🟢This Chart includes GBPNZD market update) 🟢What is The Next Opportunity on GBPNZD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
GBPNZD BULLISH BIAS 1/12/2024Prices have pulled back to the 50 EMA on the daily chart, where there are numerous long lower wicks. This indicates that buyers have reacted and are preventing prices from falling below the 50 EMA. This area aligns as a confluence point since it represents former resistance turned new support and coincides with the Fibonacci 0.382 level. The Anchored Volume Profile also highlights this price level as the "Point of Control." If a bullish engulfing candle forms, it would indicate positive momentum and could provide an opportunity to enter a trade.
Long
by Trader-Berke
GBP/NZD Game Changing Opportunity? Watch Closely!Primary Context The chart displays a long-term structural analysis on the 12M (Yearly) timeframe, revealing a potential major market setup unfolding. Key areas of interest and decisive moves are clearly marked, showcasing a calculated roadmap for the pair's next moves. Key Observations The highlighted purple triangle illustrates an expanding structure with long-term corrective patterns completing their cycle. Notice the marked (W), (X), (Y) waves, indicating a complex correction nearing its end. Significant Zones Sell Side Liquidity (SSL): This is a key liquidity zone (12M), where stop-loss clusters are likely placed by retail traders, providing an area of interest for potential reversal or further bearish continuation. Buy Side BSL (Break of Structure Level): A potential trap zone where an early breakout could cause retail traders to chase moves prematurely, providing institutional players an opportunity for manipulation. Equilibrium and Discount Levels The 50% equilibrium zone highlights a critical balance point between buyers and sellers. Premium and Discount Areas: Price is hovering near a potential discount zone, creating a favorable environment for long-term buyers looking to enter at value. Current Market Position: Point of Rejection The recent move marks a potential failed new low on the 12M chart, which might serve as a protected swing low. If this level holds, it could signify the formation of a major impulsive wave upwards. Dealing Range Current Weak High A recent high suggests the market is testing liquidity, leaving traders anticipating whether this will lead to a range breakout or a false move. Future Scenarios Bullish Case If the low (around 1.67055) remains protected, expect the market to retrace upward toward the dealing range’s equilibrium (3.72210) or higher. Confirmation will come from a break of internal BOS (Break of Structure) toward the upside. Bearish Case A sustained breakdown below 1.67055 invalidates the bullish view, opening the path for a continuation towards lower liquidity zones. Traders should monitor for further signs of weakness or momentum shifts near critical levels. Strategy Execution For Buyers Await a strong confirmation of support near 1.67055. Target zones include the equilibrium (50%) and premium areas for profit-taking. For Sellers Look for liquidity sweeps or a rejection of weak highs, indicating exhaustion before entering short positions. Use liquidity run areas (marked in purple) as guides for potential profit targets. Key Takeaway The GBPNZD chart is setting up for a highly strategic long-term move, with strong implications for traders looking to capture significant trends. Whether you're bullish or bearish, patience and alignment with liquidity zones are crucial for success.
Long
by spaceangel
1