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GBPNZD trade ideas

GBPNZD technical and Fundamental AnalysisGBP/NZD currency pair from both technical and fundamental perspectives: Technical Analysis : - GBP/NZD is currently trading in a downtrend. - Key data points: - 1-day change: -0.08% - 5-day change: +0.17% - 1-month change: +1.61% - 6-month change: +2.64% - Year-to-date change: +4.67% - 1-year change: +6.89% - 5-year change: +9.47% - Moving Averages: - MA5: 2.1109 (Sell) - MA10: 2.1112 (Sell) - MA20: 2.1110 (Sell) - MA50: 2.1117 (Sell) - MA100: 2.1090 (Buy) - MA200: 2.1051 (Buy) - Pivot Points: - Resistance 1: 2.1111 - Resistance 2: 2.1117 - Resistance 3: 2.1122 - Support 1: 2.1089 - Support 2: 2.1095 - Support 3: 2.1100 Fundamental Analysis: - GBP/NZD has been influenced by several factors: - Higher Returns Abroad: Cash seeking higher returns has moved into economies offering higher-yielding assets, benefiting countries like New Zealand. - Fed's Asset Purchase Scaling Back: The Fed's reduction in asset purchases, combined with slower growth in China, may impact the four-year trend and reveal fundamental weaknesses.
by ForexFlights
1
BUY GBPNZD for uptrend continuation BUY GBPNZD for uptrend continuation STOP LOSS : 2.0801 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Long
by BALE_FX
GBPNZD ShortMARKET PHASE OANDA:GBPNZD is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price then started it's initial move down and actually sustained selling pressure for some time. Due to the velocity of the downward move, priced gapped around 2.09800. During this morning, price hit 2.09800, and began selling off, supporting our thesis. Our sell limit order was filled and we are now in a short with the following parameters: TRADE Sell Limit: 2.09800 Stop Loss: 2.10100 Take Profit: 2.09200
Short
by Mankz
GBPNZD - 4hrs ( Sell After Retest 2.1000 Area / TP 200 PIP ) Pair Name : GBP/NZD 1 DAY RELATIVE PERFORMANCE GBP 0.06% / NZD 0.54% Time Frame : 4hrs ------ 🌐 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 ( Short After Retest ) Type : Mid Term Swing —————————— 💲Why We Enter'd This Trade ———————— We've got an internal channel that's been busted at 2.1000. That's why. We have a line of direction broken at 2.1000, too. And if you look at the left side, we'll find that the 2.1000 area is a high liquidity area that's also broken. And at 2.1000: 2.15000 is 0.618:0.50 Fibo, which is also the area of change of character. And so the best price for entry is at 2.0950 :2.10000 to ensure that the deal is activated. And our target will be 2.0800, which is the area of exchange of roles and range of FIBO 1.618% and also the area of change of character.
Short
by GoldenEngine
GBPNZD I Correction almost completed and more potential growthWelcome back! Let me know your thoughts in the comments! ** GBPNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
GBPNZD - Long So I have seen this lovely little trade on this pair. We have an Inverted Heads & Shoulders pattern which we have broken the neckline and are close to re-testing. Upon touching the neckline I will wait for an entry candle (Bullish Engulfing, Bullish Pin bar, or a 3 candle reversal). I have extended my TP to meet the -0.272 on the Fib in line with the fib strategy I use. However It's worth noting that for the pattern completion on the IH&S there is no recent price action which adds a little more risk to this trade. So I will review this when we reach the last high at 2.15866. Using the Fib strategy does mitigate some of this risk however still worth remembering.
Long
by KingWenz84
b2bTrend trading is a trading style that attempts to capture gains through the analysis of an asset's momentum in a particular direction. When the price is moving in one overall direction, such as up or down, that is called a trend. Trend traders enter into a long position when a security is trending upward. An uptrend is characterized by higher swing lows and higher swing highs. Likewise, trend traders may opt to enter a short position when an asset is trending lower. A downtrend is characterized by lower swing lows and lower swing highs. KEY TAKEAWAYS Trend trading is designed to take advantage of uptrends, where the price tends to make new highs, or downtrends, where the price tends to make new lows. An uptrend is a series of higher swing highs and higher swing lows. A downtrend is a series of lower swing highs and lower swing lows. In addition to looking at swing highs and lows, trend traders utilize other tools such as trendlines, moving averages, and technical indicators to help identify the trend direction and potentially provide trade signals. Understanding Trend Trading Trend trading strategies assume that a security will continue to move in the same direction as it is currently trending. Such strategies often contain a take-profit or stop-loss provision in order to lock in a profit or avoid big losses if a trend reversal occurs. Trend trading is used by short-, intermediate-, and long-term traders. Traders use both price action and other technical tools to determine the trend direction and when it may be shifting. Price action traders look at the price movements on a chart. For an uptrend, they want to see the price move above recent highs, and when the price drops it should stay above prior swing lows. This shows that even though the price is oscillating up and down, the overall trajectory is up. The same concept is applied to downtrends, with traders watching to see if the price makes overall lower lows and lower highs. When that is no longer happening, the downtrend is in question or over, and the trend trader will no longer be interested in holding a short position. Trend Trading Strategies There are many different trend trading strategies, each using a variety of indicators and price action methods. For all strategies, a stop loss should be used to manage risk. For an uptrend, a stop loss is placed below a swing low that occurred prior to entry, or below another support level. For a downtrend and a short position, a stop loss is often placed just above a prior swing high or above another resistance level. Oftentimes, traders use a combination of these strategies when looking for trend trading opportunities. A trader might look for a breakout through a resistance level to indicate a move higher may be starting, but only enter into a trade if the price is trading above a specific moving average. Moving Averages These strategies involve entering a long position when a short-term moving average crosses above a longer-term moving average, or entering a short position when a short-term moving average crosses below a longer-term moving average. Alternatively, some traders may watch for when the price crosses above a moving average to signal a long position, or when the price crosses below the average to signal a short position. Typically, moving average strategies are combined with some other form of technical analysis to filter out the signals. This may include looking at price action to determine the trend since moving averages provide very poor signals when no trend is present; the price just whipsaws back and forth across the moving average. Moving averages are also used for analysis. When the price is above a moving average, it helps to indicate that an uptrend may be present. When the price is below the moving average, it helps to indicate that a downtrend may be present. Momentum Indicators There are many momentum indicators and strategies. In regards to trend trading, an example might include looking for an uptrend and then using the relative strength index (RSI) to signal entries and exits. For example, a trader may wait for the RSI to drop below 30 and then rise above it. This could signal a long position, assuming the overall uptrend remains intact. The indicator is showing that the price pulled back but is now starting to rise again in alignment with the overall uptrend. The trader could potentially exit when the RSI rises above 70 or 80 and then falls back below the selected level. Trendlines & Chart Patterns A trendline is a line drawn along swing lows in an uptrend or along swing highs in a downtrend. It shows a possible area where the price may pull back in the future. Some traders also opt to buy during an uptrend when the price pulls back and then bounces higher off of a rising trendline, a strategy of buying the dip. Similarly, some traders elect to short during a downtrend when the price rises to and then falls away from a declining trendline. Trend traders will also watch for chart patterns, such as flags or triangles, which indicate the potential continuation of a trend. For example, if the price is rising aggressively and then forms a flag or triangle, a trend trader will watch for the price to break out of the pattern to signal a continuation of the uptrend. Trend Trading Chart Example The following Alibaba Group chart shows several examples of how trends can be analyzed, as well as some examples of potential trades using chart patterns and the trend. Image Image by Sabrina Jiang © Investopedia 2021 The price starts out in a downtrend, before rising through the descending trendline and above the moving average. This doesn't mean the trend is up, though. Trend traders will typically wait for the price to also make a higher swing high and a higher swing low before considering the trend up. The price continues to move higher, confirming the new uptrend. It then pulls back and starts to rise again, forming the first chart pattern. The price breaks higher out of the chart pattern, signaling a potential long position. The uptrend continues aggressively, forming two additional chart patterns along the way. These both offered opportunities to enter a long position or add to an existing one (called pyramiding). The price continues to rise, but then starts giving warning signs. The price drops below the moving average for the first time in a long while. It also creates a lower swing low and breaks through a short-term rising trendline. The price makes a new high after that, but then drops below the moving average again. This is not strong uptrend behavior, and trend traders would typically avoid going long during conditions like this. They would also be looking to exit any remaining longs they may have. The chart shows that the price continues to oscillate around the moving average, with no clear trend direction. Finally, the price slides into a downtrend. Trend traders would be out of longs and avoiding new ones, and possibly looking for spots to enter short positions. SPONSORED Buy, Trade, and Hold 350+ Cryptocurrencies Join 120 million registered users exchanging the world's most popular cryptocurrencies. Purchase and trade Bitcoin, Ethereum, or BNB, Binance's native coin. Whether you're a beginner trader, crypto enthusiast, or professional, you'll benefit from access to the global crypto markets while enjoying some of the lowest fees in the business. 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Long
by vivekvishwakarmaa468
GBPNZD Dip buy opportunity on the 1D MA50.The GBPNZD pair gave us a strong buy signal last time we called on it (January 05 2024, see chart below) and even broke above the former Channel Down pattern: The trend transitioned into an Inverse Head and Shoulders (IH&S) and recently broke above its top. It has formed the first 1D Golden Cross in 1 year (since March 27 2023), so on the long-term we have confirmed a new bullish trend. Right now we are looking for a short pull-back towards the 1D MA50 (blue trend-line) followed by an aggressive expansion towards the 2.0 Fibonacci extension, which is the typical target of the IH&S. Our target is lower on Resistance 1 at 2.15900. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Could GBPNZD reverse from here?The price is rising towards an overlapping resistance level, which aligns with the 50% Fibonacci retracement, and could reverse from this level to our take-profit target. Entry: 2.10588 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement Stop loss: 2.11738 Why we like it: There is a pullback resistance level Take profit: 2.09467 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