GBPNZD trade ideas
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.
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 sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
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 TRADE UPDATE "Update on GBPNZD: Trading is about patience. We accurately predicted the movement and direction, but we didn't receive our pullback confirmation, which means we shouldn't enter a trade. It's important not to make impulsive decisions. It happens, but all we need to do is move on to the next trade."
GBPNZD SELL signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Why GBPNZD Longs are just getting started
I wrote about a turnaround for GBPNZD about 10 days ago, buyers could be seen coming back into the pair. Then I went back a few months to the last bears-rally passed back to the bulls in GBPNZD and it could be seen that is was a fast and clean transition back to the bulls.
So I have not looked at the chart much lately, until of course today. But here is why I bought back in after taking all profits recently;
The MACD Daily, the best one for reliability and these cross-ups are accurate but market-makers at the big banks know of their existence but of course price would never be manipulated by anyone to throw retail traders off the scent.
Anyway, you can see here in the daily chart the uptick in the volume analysis, yellow lines & then green lines still longer than previous, that all timed wonderfully well for the MACD crossing up to the sky's and my guess is soon price of GBPUSD will power across the triple top and beyond 2.20.
Finally, here are a couple more charts.
1HR and then Monthly
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.
High probability for a bearish move in GBPNZD.Following the rules of the strategy, one could possibly notice that bears are in for a swing ride for the new week. A significant daily level has been taken out, now we wait for a minor retracement from lower timeframes for further continuation in bears favor.
What's Flowing: GBPNZD The GBPNZD pair is displaying strong bullish momentum, breaking out of consolidation zones with higher highs and higher lows forming. Key support levels are well-defined around the 2.14800 and 2.12600 regions, indicating strong buyer interest at these levels. On the resistance side, the pair is approaching critical zones near 2.18000, which may act as a short-term ceiling if bullish momentum begins to wane.
The moving averages are trending upward, and the price remains above key liquidity areas, signaling continued bullish control. However, if momentum stalls, watch for potential pullbacks toward the mid-range support at 2.16000 for re-entry opportunities.
Overall, GBPNZD appears to be flowing strongly to the upside, aligning with positive market sentiment for GBP against NZD. Traders should monitor upcoming news and events that could impact this flow and watch for signs of exhaustion near the resistance zones.
Great Trading Opportunity For GBPNZD!Wait for the price to retrace and reach the daily Area of Interest And Weekly (AOI)
Once it does, I will switch to lower timeframes and look for a Shift of Structure (SOS)
This presents a great trading opportunity.
Just be patient and allow the trade to come to you!
GBP_NZD WILL FALL|SHORT|
✅GBP_NZD is about to retest a key structure level of 2.1908
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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GBPNZD Will Go Lower! Short!
Take a look at our analysis for GBPNZD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 2.182.
The above observations make me that the market will inevitably achieve 2.171 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPNZD: Bearish Continuation & Short Trade
GBPNZD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GBPNZD
Entry Point - 2.1703
Stop Loss - 2.1759
Take Profit - 2.1602
Our Risk - 1%
Start protection of your profits from lower levels
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