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British Pound / New Zealand Dollar

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GBPNZD trade ideas

GBPNZD LongThe idea is GBPNZD long. As you can see firstly we have the last line (E) which shows us an exhausted movement in bear way. We have to consider that we can take the 2 circles as double bottom which is not verified yet. Also the support there with combination of the bullish RSI helps us to consider that the price movement could be for the GBP. The best option to enter in position is to be when the double bottom is verified so that means at point (B). Please befofe entering in position do you own research.
Long
by kidagaka123
Sell GBPNZD Bearish ChannelThe GBP/NZD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Bearish Channel: The price has been trading within a descending channel characterized by two falling lines: a falling resistance line and a falling support line. This ongoing downtrend signals continued selling pressure. Sell Entry: Consider entering a short position around the current price of 2.0420, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 2.0335 and 2.0285, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 2.0480 This helps limit potential losses if the trend unexpectedly reverses.
Short
by KABHI_FOREX_TRADING
1
GBPNZD - 4hrs ( Sell Trade Target Range 180 PIP ) 💵Pair Name GBP/NZD Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🌐 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 ) Mid Term Type : Mid Term Swing —————————— Bearish / Break 2.05200 Area Reasons - major Turn level / M - Choch Low - Fixed Poc Area - Fibo Golden Zone - M + D low Bullish 2.03600 Area reasons - Major Turn level / D - Fixed Range Value Area - Pattern Target - Fibo Golden Zone - Quarter's low Area
Short
by GoldenEngine
GBP/NZD: Analyzing Momentum Shifts Amid Central Bank DynamicsThe GBP/NZD pair has lost momentum for a possible rebound, regardless of Bank of England Governor Andrew Bailey's tempered remarks regarding the pace of interest rate hikes, despite presiding over a divided decision. This shift in sentiment has prompted a breakdown in price support around the 2.0500 area, followed by a subsequent retest and further bearish momentum. The price remains firmly below the 50-day moving average, signaling a strong inclination towards further downside movement. While both the Bank of England (BOE) and the Reserve Bank of New Zealand (RBNZ) have embarked on a tightening path, the impact on the sterling has been somewhat subdued. Expectations from both central banks now appear to be more evenly balanced. In light of these developments, we anticipate a continuation of bearish sentiment in the GBP/NZD pair, focusing on utilizing price action signals to guide our trading strategy.
Short
by FOREXN1
1
DeGRAM | GBPNZD potential shorting opportunityGBPNZD pulled back to the support level that was tested two times. Usually, the price breaks the level on the third attempt.  The market has bearish sentiment, and there is a high chance that the price will continue moving south. We expect price action to make a pullback and go down to test the lower border of the descending channel. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
1
Bearish Bias on GBPNZD at H1 Time FrameHi there GBPNZD appears bearish at the H1 time frame, aiming for the 2.05487 area for a bias of 2.04275. The price came down from the 2.085 to 2.05154 low and then rose to a lower high in the 2.0800 range, making the current price movement a continuation of the bearish momentum from that high area range. Also, the price is below a minor supply zone, so there needs to be a break in the 2.06097 low for clarity in that it won't push up. The setup will be invalidated if the price goes above 2.07338. Happy Trading, K.
Short
by Khiwe