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British Pound / New Zealand Dollar

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GBPNZD trade ideas

GBPNZD 4hr & HTF Outlook – May 14Higher timeframe bias remains bullish, but recent rejections of 2.25282 have caused price action to stall and consolidate near 2.23958. Key levels to watch: If support forms at 2.23958 → look for bullish continuation Safer buys remain at 2.25282 If price stays below 2.23958 → expect a pullback toward 2.22091, which has been a proven bounce zone We’ll reassess direction once structure confirms — bullish invalidation only comes with a clean break of 2.22091.
Long
by Thetraderscollective
GBPNZD Targets 2.18 – Watch for Breakdown from Rising ChannelGBPNZD is showing signs of topping after testing key resistance near the 2.25 zone. A rising channel has broken to the downside, followed by a bearish consolidation structure on the daily timeframe. With the BoE divided on rate cuts and the RBNZ likely holding firm amid sticky inflation, the macro landscape favors a bearish correction. Technical targets align with prior swing zones at 2.2000, 2.1840, and 2.1540. 🔍 Technical Analysis Chart Structure: Multiple rising wedge and channel breakdowns Recent failed attempt to retake 2.2510 (50% fib level) Bearish flag forming beneath broken structure Key Resistance: 2.2510–2.2570 zone capped price multiple times Downside Targets: 2.2000 → Previous structure + fib confluence 2.1840–2.1810 → Key support zone (Feb–March lows) 2.1540 → Major trendline/test level and historical support 📉 Bias: Bearish 📐 Trigger: Breakdown below minor support (~2.2450) confirms continuation 🌍 Fundamental Context 🇬🇧 British Pound (GBP): BoE split on rate cuts: Some members (Taylor) pushing for action, others cautious due to sticky inflation UK Q1 GDP beat (+0.6%), but manufacturing data weak and inflation expectations rising Overall: GBP momentum slowing amid policy indecision and trade risks 🇳🇿 New Zealand Dollar (NZD): RBNZ holding firm: Inflation still above target; central bank cautious NZD stronger on risk-on mood and China stabilization Potential upside if AUD/NZD weakens further (cross correlation) 🎯 Trade Setup Sell Bias below 2.2450–2.2480 zone Target 1: 2.2000 – structural support Target 2: 2.1840 – key March low Target 3: 2.1540 – deeper swing support Stop Zone: Above 2.2570 – invalidates the bearish flag thesis This trade offers a strong R:R profile if the pair breaks and sustains below 2.2450. ✅ What to Wait For Before Shorting A strong bearish daily candle closing below 2.2450 with momentum. OR a clean rejection wick from 2.25 with follow-through selling. Volume increase or rejection at resistance would add conviction. 🧭 Conclusion GBPNZD is setting up for a deeper correction after a failed bullish continuation and clean technical rejection near the 2.25 area. With macro support fading for GBP and NZD sentiment firming slightly, sellers may take control into June. A daily close below 2.2450 confirms bearish intent, with multiple downside levels open for targeting.
Short
by ultreosforex
8
GBPNZD Trading Opportunity! SELL! My dear followers, I analysed this chart on GBPNZD and concluded the following: The market is trading on 2.2456 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 2.2377 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GBP/NZD SHORT FROM RESISTANCE Hello, Friends! GBP/NZD is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 2.228. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
2
GBPNZD: Support Rebound! Target 2.26 on the Horizon? The weekly chart of GBPNZD shows a consolidation phase following a strong bearish impulse. The price has reacted positively from the support area around 2.2200, forming a significant bullish candle that could indicate a rebound towards the resistance area at 2.2600. The positive momentum suggests a possible test of the intermediate resistance at 2.2500, with the RSI gradually rising from an oversold zone. Fundamental Analysis According to the COT data updated as of April 29, 2025, we observe an increase in long positions on GBP by institutional traders, with an increment of +10,665 contracts. On the other hand, commercial traders (hedgers) continue to maintain a significant short exposure on GBP. This imbalance may suggest a potential short-term speculative interest in a bullish GBP move. Regarding NZD, the latest COT report shows a significant increase in commercial long positions (+3,884 contracts), indicating a strengthening of the New Zealand dollar. However, the overall market sentiment shows a prevalence of short positions on GBPNZD (59% short vs. 41% long), suggesting that retail traders might be on the wrong side of the market. Seasonal Analysis Historically, in May, GBP tends to show weakness (-0.0076 over the last 20 years), while NZD does not show a clear seasonal pattern. This could reduce the likelihood of a decisive GBP movement during this month. Operational Strategy The rebound from 2.2200 could favor the opening of long positions with the first target at 2.2500 and the second target at 2.2600. The stop loss could be placed below the key support at 2.2100. In case of a resistance breakout, an extension towards the 2.2700 area would be plausible.
Long
by EdgeTradingJourney
1
Long GBPNZD - good setup but better to wait for news later todayA resistance area that turns into support usually creates high probability trades and that is what I see here. But we have NZD employment data release later today. I will stay patient and await the effect of that news release. You never know we could get this opportunity to go long even at that time. This is not a trade recommendation; it’s merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Long
by Trading_Vista