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British Pound / New Zealand Dollar

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GBPNZD trade ideas

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
Lingrid | GBPNZD short after Rejection of the RESISTANCEThe price perfectly fulfilled my last idea. It hit the target. The market pulled back to resistance after a breakout of the range zone. FX:GBPNZD broke the previous resistance zone, which is the support level now. I expect the market to fall from the resistance zone and the border of the upward channel. On the 4H timeframe, the price is below the key resistance at 1.09000, and because of it, the market may form a fake breakout of the resistance and make a pullback. My target is the support level at 2.08115 Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
5
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
Lingrid | GBPNZD Long after FAKEOUT of the SUPPORT levelThe market pulled back toward support level after bullish move on the daily timeframe. FX:GBPNZD broke the previous resistance zone which is support level now. It is curretnly moving sideways which suggest indecisions in the market. I think pthe price may retest the local low and then move up. Below the support we have strong 2.07000 as well. I expect trend to continue from support level and breakout of the downward channel because the main is bullish. My goal is resistance zone 2.08500 Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
3
Buy GBP/NZD Bullish ChannelThe GBP/NZD pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Buy Entry: Consider entering a long position around the current price of 2.0785, positioned close to the channel support. This offers an entry point near potential buying pressure. Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones: 2.0868 and 2.0906. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order below the broken support line of the channel, ideally around 2.0735. This helps limit potential losses if the price unexpectedly breaks down and invalidates the bullish pattern. Thank you.
Long
by KABHI_FOREX_TRADING
1