GBPNZD: Bulls Will Push Higher
The analysis of the GBPNZD chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
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GBPNZD trade ideas
GBP/NZD H1 | Falling to 61.8% Fibonacci supportGBP/NZD is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 2.0760 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 2.0666 which is a level that lies underneath a swing-low support.
Take profit is at 2.0889 which is a pullback resistance.
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Falling towards 61.8% Fibonacci support?GBP/NZD is falling towards a support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry:2.07489
Why we like it:
There is an overlap support level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 2.06778
Why we like it:
There is a pullback support level.
Take profit: 2.08798
Why we like it:
There is a pullback resistance 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.
BUY ORDERPrice has been consolidating for some time now. A probable buy setup will be formed and a buy order can be placed. Apply a bit of discretion as price has been moving erratically although it's in a consolidation.
GBPNZD Is Very Bullish! Buy!
Take a look at our analysis for GBPNZD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2.078.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.102 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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GBPNZD BUYAfter a down move market seems to be creating higher highs and higher lows and breaking structures to the up move
GBPNZD buy Buy buy this pair, after a sharp retracement back down to form a double bottom, we on strong zone right now( neckline), with that being said we should see more upside move in the following days. This zone is been retested multiple times, about time we break through. Risk management guys.
GBP/NZD - SimmetricalFrom my point of view quite balanced.
The symmetry can be smelled for miles.
A good reaction to continue with the shopping!
Be guided by this trend line...
simetric
Keep it Simple!
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DeGRAM | GBPNZD saw in the channelGBPNZD is moving in a descending channel between the trend lines.
The past reaching of the channel boundary was accompanied by a sharp decline followed by a reverse sharp move.
We think that the pair will continue to decline along the trend.
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GBPNZD Long TradeBulls have shown up and I believe we will see a short term uptrend.
Targets are in 1x, 2x and 3x Stop Loss, and coincide with key resistance levels.
🚀 Entry = 2.07745
☠️ SL = 2.06585
🏆 TP =
- 2.08908
- 2.10055
- 2.11221
GBP-NZD Local Short! Sell!
Hello, Traders!
GBP-NZD will soon hit
A horizontal resistance
Level of 2.090 and after
The retest we will be
Expecting a local
Bearish correction
Buy!
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✅GBP_NZD BEARISH SETUP|SHORT🔥
✅GBP_NZD is going up now
But a strong resistance level is ahead at 2.090
Thus I am expecting a pullback
And a move down towards the target at 2.080
SHORT🔥
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GBPNZD: Bears Will Push Lower
Balance of buyers and sellers on the GBPNZD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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Lingrid | GBPNZD short from RESISTANCE zoneThe price perfectly fulfills my last idea. It hit the target. FX:GBPNZD is pulling back towards the resistance zone and channel border, testing the key area at 2.08500. The price action is consistently making lower lows and lower closes, indicating a strong bearish trend. At this point, I anticipate a potential move lower, as the market has formed a double top at the channel border. If the price rejects this zone by forming a rejection candle, such as a long-tailed bar, I expect the bearish trend to continue. My target is the support level around 2.07525
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
Gbpnzd longsPrice was in an uptrend and then retraced to form a double bottom. I expect it to restest the previous highs after the rejection at the support.
Gbpnzd longsPrice was in an uptrend and then retraced to form a double bottom. I expect it to restest the previous highs after the rejection at the support.
Heading into pullback resistance, could it reverse?GBP/NZD is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 208794
Why we like it:
There is a pullback resistance which lines up with the 38.2% Fibonacci retracement.
Stop loss: 2.09653
Why we like it:
There is a pullback resistance.
Take profit: 2.06809
Why we like it:
There is a pullback support.
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.
GBPNZD - Potential 200-400 pips move upPrice completed a broadening top and broke to the downside.
The bottom for this wave is likely in.
This pattern has a high bust rate (failure), meaning once price breaks back into the pattern, there is a high chance of it reaching the top again.
For now, target is just the mid-level of the pattern.
GBPNZDAs GBPNZD breaks the trendline and exits the accumulation zone, it presents a potential long opportunity. This breakout suggests a shift in market sentiment, providing a favorable setup for entering a long position and capitalizing on the emerging upward momentum
GBPNZD Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring GBPNZD for a selling opportunity around 2.07400 zone, GBPNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2.07400 support and resistance area.
Trade safe, Joe.
NZD STRONG CORRELATION AND VOLATILITYLooking forward for liquidity grabs. And possible new price range
✅GBP_NZD POTENTIAL LONG🚀
✅GBP_NZ D fell down sharply
But a strong support level was hit at 2.0672
Thus as a rebound is already happening
A move up towards the target at 2.0754 shall follow
LONG🚀
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