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British Pound / New Zealand Dollar

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GBPNZD trade ideas

GBPNZD moving higher (?)RBA (central bank of Australia) did leave the interest rates unchanged tonight and this had also an effect on the GBPNZD as New Zealands currency is strongly correlated to the AUD. It seems like GBPNZD got past the resistance area (still could end up as a liquidity sweep and reverse) but it seems more likely we are moving higher up. There´s still an alternative (light blue count) in play that would leave the door open for a more complex correction. For now, I remain bullish!
Long
by Staggi10
1
GBP/NZD Bullish Breakout: Sustained MomentumGBP/NZD the 4-hour chart, the uptrend is supported by higher lows, maintaining above the 21 EMA. The 200 SMA is also ascending, reinforcing the positive outlook. We have a series of higher highs and higher lows, a hallmark of continued bullish momentum. Traders should watch the 21 EMA for immediate support. A hold above this level on pullbacks signals ongoing strength, while a break below could indicate a short-term reversal or consolidation. The ascending trend line on the 4-hour chart is an additional bull parameter; staying above this dynamic support would further validate the bullish scenario. Manage risks appropriately, as resistance levels can often lead to profit-taking or reversals. Keep an eye out for any bearish candlestick patterns at these levels which could signal a potential pullback. Stay tuned for updates and manage your trades with proper risk control.
Long
by SheenaL
GBPNZD Will Go Down! Sell! Please, check our technical outlook for GBPNZD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2.091. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2.078 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPNZD chart analysis and expectations GBP/NZD is currently at a very strong resistance zone between 2.09700 and 2.1000. At the same time, it's a rebound zone with a 61% Fibonacci level from the highest peak to the latest low. It has attempted to break through several times but hasn't succeeded so far. I expect it not to break this zone and to descend again to the support zones below at 2.06400 and 2.0900. At that point, it will likely form a double top pattern with a neckline at 2.03708, targeting 1.98200. However, if it breaks the resistance zone and holds above it, it will activate an inverted head and shoulders pattern with the neckline at the same resistance zone, targeting 2.18700. Currently, from the current price, selling is possible with a daily stop loss above 2.1000 for the following targets: 2.0900, 2.0400. If it stays below (2.03708), the final target will be 1.98200."
Short
by tameraamr
GBPNZD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
GBPNZD Buyers In Panic! SELL! My dear friends, My technical analysis for GBPNZD is below: The market is trading on 2.0911 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 2.0782 Recommended Stop Loss - 2.0977 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Gbpnzd bias to go higherHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. It could also possibly be the case of a h&s on the h4...watch the price action as it unfold, be flexible :) Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Long
by Shadowing_The_Big_Boys
2