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British Pound / New Zealand Dollar

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GBPNZD trade ideas

GBPNZD Will Move Higher! Buy! Here is our detailed technical review for GBPNZD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2.098. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.104 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBPNZD What Next? BUY! My dear subscribers, My technical analysis for GBPNZD is below: The price is coiling around a solid key level - 2.0978 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 2.1050 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
Long
by AnabelSignals
1
Potential bullish bouncePrice is falling towards an overlap support level that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit Entry: 2.09335 Why we like it: There is an overlap support level which aligns with the 50% Fibonacci retracement Stop loss: 2.08842 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci retracement Take profit: 2.10611 Why we like it: There is an overlap resistance level that aligns with the 50% Fibonacci retracement 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.
Long
by VantageMarkets
b2b setupAs a trader, you have probably heard the old adage that it is best to "trade with the trend." The trend, say all the pundits, is your friend. This is sage advice as long as you know and can accept that the trend can end. And then the trend is not your friend. There are multiple ways to spot trends, direction, and momentum. So how can we determine the direction of the trend? We believe in the KISS rule, which says, "Keep it simple, stupid!" Here is a method of determining the trend, and a simple method of anticipating the end of the trend. Before we get started, we want to mention the importance of time frames in determining the trend. Usually, when we are analyzing long-term investments, the long-term time frame dominates the shorter time frames. However, for intraday purposes, the shorter time frame could be of greater value. Trades can be divided into three classes of trading styles or segments: the intra-day, the swing, and the position trade. Large commercial traders, such as those companies setting up production in a foreign country, might be interested in the fate of the currency over a long period of such as months or years. But for speculators, a weekly chart can be accepted as the "long-term." Averages Moving in Pairs With a weekly chart as the initial reference, we can then go about determining the long-term trend for a speculative trader. To do this, we will resort to two very useful tools that will help us determine the stage of the trend. These two tools are the simple moving average and the exponential moving average. Chart 1: May 2006-July 2008 Chart 1: May 2006-July 2008. Source: Netdania.com In the weekly chart above, you can see that for the period of May 2006 until July 2008 the blue 20 interval period exponential moving average is above the red 55 simple moving average and both are sloping upward. This indicates the trend is showing a rise of the euro and therefore a weakening dollar. In August 2008, the short-term moving average (blue) on the chart below turned down, indicating a potential change in trend although the long-term average (red) had not yet done so. Finding the Change in Trend In October, the 20-day moving average crossed over the 55-day moving average. Both were then sloping downward. At this point, the trend has changed to the downside and short positions against the euro would be successful. Chart 2: October Short-Term Moving Average Chart 2: October Short-Term Moving Average. Source: Netdania.com Still looking at Chart 2, we notice that the short-term moving average goes relatively flat in December 2008 and starts to turn up, now indicating a potential change in trend to the upside. But a closer look at the 55-day moving average, as of December 2008, shows that the long-term moving average has remained downward sloping. By checking Chart 2, we can see that the first arrow from the left indicates that the long-term moving average has turned down, indicating that the weekly or longer term trend for the EUR/USD has now gone down. The second arrow indicates where a new short position could have been successfully taken once the price had traded back to the down sloping moving average. The goal here is to determine the trend direction, not when to enter or exit a trade. Of course, this is not to say that there were no trading opportunities in the shorter time frames such as the daily and hourly charts. But for those traders who want to trade with the trend, rather than trading the correction, one could wait for the trend to resume and again trade in the direction of the trend. Double Bottom Indicator Chart 3: Double-Bottom Support Chart 3: Double-Bottom Support. Source: Netdania.com Let's switch to Chart 3 and see what happens as the 20-day exponential moving average trades down to a double bottom. Given that a double bottom on a chart suggests support at the bottom, we can watch the price action daily to give us an advance clue. The arrow indicates where the short-term moving average is turning up. Once again, the moving averages are not used as trading signals but only for trend direction purposes. Catch a Wave By setting up a short-term exponential moving average and a longer term simple moving average, on a weekly and a daily chart, it is possible to gauge the direction of the trend. Knowing the trend does help in taking positions but bear in mind that the markets move in waves. These waves are called impulse waves when in the direction of the trend and corrective waves when contrary to the trend. By counting the waves or pivots in each wave, one can attempt to anticipate whether a trading opportunity will be against the trend or with the trend. According to Elliot wave theory, an impulse wave usually consists of five swings and a corrective wave usually consists of 3 swings. A full wave move would consist of five swings with two of the swings being counter-trend. Chart 4: Example Of An Elliot Wave Chart 4: Example Of An Elliot Wave. Image by Julie Bang © Investopedia 2020 Source: Investopedia.com The image above gives an example of an Elliot wave. Because Elliot wave theory can be very subjective, we prefer to use a pivot count to help me determine wave exhaustion. This usually translates into a minimum of seven pivots when going with the trend, followed by five pivots during a correction. Sometimes the market will not cooperate with these technical assumptions but it can occur often enough to provide some very lucrative trading opportunities. Below is an example of the wave in action (blue arrows mark the direction). Chart 5: Elliot Wave Chart 5: Elliot Wave. Source: Netdania.com The Bottom Line By combining the moving average diagnosis with the pivot count and then fine-tuning the analysis with an observation of candle patterns, a trader can stack the odds of making a successful trade in their favor. Remember trading is a craft, which means that it is both art and science and requires practice to develop consistency and profitability. 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. Plus, tools and guides that make it easy to safely and securely sell, buy and convert NFTs on the Binance app. Compare Accounts Advertiser Disclosure PROVIDER NAME DESCRIPTION
Long
by vivekvishwakarmaa468
Sell GBPNZD Triangle Breakout The GBP/NZD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern. Key Points: Sell Entry: Consider entering a short position (selling) below the broken support level of the triangle, ideally around 2.1100. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bearish targets lie at the following levels: 2.1011: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected downwards from the breakout point. 2.0970: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. These targets act as potential support zones that could see selling pressure. Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line (depending on the triangle type) of the triangle, ideally around 2.1150. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you
Short
by KABHI_FOREX_TRADING
7
GBPNZD Will Go Up! Buy! Please, check our technical outlook for GBPNZD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 2.105. Taking into consideration the structure & trend analysis, I believe that the market will reach 2.116 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBPNZD has a strong upside momentum, could it rise further?Price is falling towards an overlap support and could bounce from this level to our take profit Entry: 2.10607 Why we like it: There is an overlap support level which aligns with the 23.6% Fibonacci retracement Stop loss: 2.09344 Why we like it: There is an overlap support level Take profit: 2.12203 Why we like it: There is an alignment with the 78.6% Fibonacci projection 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.
Long
by VantageMarkets