GBP/NZD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GBP/NZD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2.210 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBPNZD trade ideas
GBPNZD: Bullish Pattern & Breakout 🇬🇧🇳🇿
GBPNZD formed a bullish accumulation pattern on a daily.
Its neckline was broken with a high momentum bullish candle yesterday.
The next strong resistance is 2.236.
It will most likely be the next goal for the buyers.
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GBPNZD: Bullish Trend ContinuesThe violation of a significant daily resistance level has created additional upward potential for 📈GBPNZD on a daily basis.
Following a prolonged period of bullish accumulation within an ascending triangle pattern, the price rebounded yesterday and closed the daily candle above its neckline.
I believe that the market could soon reach the 2.2400 level.
gbpnzd analysis elliot. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BUY GBPNZD - Simple and logical Price Action!!Trader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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GBPNZD Is Bearish! Short!
Here is our detailed technical review for GBPNZD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 2.217.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 2.209 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.
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GBPNZD BUY SETUP📊 Execution Plan & Trade Strategy
📌 Ideal Trade Plan (If Price Retraces)
✅ Entry Zone: 2.2000 - 2.2020/30 (Bullish Order Block + Fair Value Gap)
✅ Stop Loss (SL): Below 2.1980 (Safe institutional level, avoiding stop hunts)
✅ Take Profits (TPs):
TP1: 2.2150 (Liquidity zone)
TP2: 2.2200 (Key Psychological level)
TP3: 2.2250 (Final BSL target)
✅ Trade Type: Intra-day / Trend Continuation
✅ Confidence Level: Medium to High – Strong confluences, but a retrace would be ideal for entry.
GBP-NZD Short From Resistance! Sell!
Hello,Traders!
GBP-NZD keeps growing
Just as I predicted in my
Previous analysis but the
Pair will soon hit a horizontal
Resistance of 2.222 from where
We will be expecting a local
Bearish correction
Buy!
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Check out other forecasts below too!
GBPNZD - Potential Sell Opportunity at Resistance LevelOANDA:GBPNZD is approaching a significant resistance zone, marked by previous strong price rejections. This area has consistently acted as a turning point, suggesting the potential for another bearish reaction if sellers step in.
If the price shows clear signs of rejection from this resistance zone, I anticipate a move downward toward the 2.20620 level, which serves as a logical target for this setup. Conversely, a clean breakout above the resistance zone could signal a potential bullish continuation.
Traders should monitor for bearish confirmation signals, such as bearish engulfing candles, long upper wicks rejecting the resistance, or increased selling volume before considering short positions. Let me know your thoughts or any additional insights you might have!
GBP/NZD’s Bullish Rounding Breakout: Targeting 2.2144 & 2.2202The pair appears to be forming a rounded bottom, suggesting a potential bullish continuation. After basing near the 2.1900–2.1950 zone, price has reclaimed key Fibonacci levels (38.2% and 50% retracements), indicating strong buying interest. A sustained break above the 0.786 Fib around 2.2039 sets the stage for an advance toward Expect Level 1 (2.2144) and eventually Expect Level 2 (2.2202). If buyers hold above these Fib supports, the bullish momentum is likely to continue, reinforcing the upside targets on the chart.
GBP/NZD - Bullish flag and Ascending Channel formulating.Hi guys we are looking into GBP/NZD - You can see the chart the previous analysis that we did last week which was posted privetely in our community reaching its target, now we are looking into a possible bullish trend. Analysis did on 1H time frame.
As of February 24, 2025, the GBPNZD currency pair is exhibiting bullish momentum, with the current exchange rate at 2.20095 NZD, reflecting a 0.18% increase over the past 24 hours.
Technical Indicators Supporting Bullish Outlook:
Moving Averages: The pair is trading above key moving averages, including the 200-period EMA, indicating a strong uptrend.
Chart Patterns: An inverted cup and handle pattern has been identified on the hourly chart, suggesting potential upward movement.
Ichimoku Cloud: The Ichimoku Kinko Hyo Cloud analysis reveals an upward-moving cloud, adding to the long-term bullish sentiment
Entry: 2.20030
Target: 2.20950
SL: 2.19450
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GBPNZD Ascending TrapPrice is currently trading along an ascending trendline, making higher lows in the process. This suggests short-term bullish momentum. However, the overall structure resembles a consolidation or a potential “rising wedge” setup.
The market is hovering just above the trendline, and sellers seem to be testing buyers’ resolve at this level.
The candlesticks near the trendline show some indecision (small-bodied candles or wicks on both ends), hinting that bullish momentum could weaken.
If the price breaks convincingly below the trendline, it would signal a shift from short-term bullishness to a possible bearish phase.
GBP/NZD - 1H Analysis & Prediction📉 GBP/NZD - 1H Analysis & Prediction
🔹 Key Market Structure & Levels:
✅ Choch (Change of Character) & BOS (Break of Structure) confirm bearish sentiment.
✅ Fair Value Gap (FVG) in the supply zone indicates potential rejection.
✅ Demand Zones:
2.18352 - 2.18687 (Potential reaction area)
2.16800 - 2.17231 (Stronger demand zone)
📌 Scenarios to Watch:
1️⃣ Bearish Move Before Reversal:
Price might reject from the FVG zone and drop towards the 2.18352 - 2.18687 zone.
If it breaks below, expect further downside to 2.16800 - 2.17231 before a potential bullish move.
2️⃣ Bullish Move to 2.21504:
If price reacts from the demand zone, it may push towards 2.21504, a key liquidity target.
Watch for a bullish confirmation after tapping the demand zone.
💡 Trading Plan:
✅ Look for short entries around the FVG zone.
✅ Monitor bullish price action at 2.18352 - 2.18687 for potential long positions.
✅ If price sweeps 2.16800 - 2.17231, expect a strong reversal to the upside.
#FXFOREVER #GBPNZD #SmartMoney #LiquidityHunt #ForexTrading #PriceAction
GBPNZD (4H Timeframe) Analysis
🔍 Key Observations**
1️⃣ Market Structure**
- **Break of Structure (BOS)**:
- Multiple **BOS levels indicate an uptrend**, but recent bearish movement suggests a short-term retracement.
- **Change of Character (CHOCH)**:
- A recent CHOCH to the downside indicates a temporary shift in market sentiment.
- The price is currently reacting from an **equilibrium zone** after a retracement.
2️⃣ Liquidity Zones & Key Levels**
- **Previous Day’s High (PDH) & Previous Day’s Low (PDL)**:
- **PDH (~2.2100) is a potential liquidity target** if price moves bullish.
- **PDL (~2.1900) could act as a liquidity grab** if price moves lower before continuing up.
- **Premium & Discount Zones**:
- The **premium zone (above 2.2200)** is a potential area where price could face selling pressure.
- The **discount zone (below 2.1900)** could serve as a strong demand area for buy entries.
3️⃣ Smart Money Considerations**
- **Liquidity Grab Possibility**:
- If price **breaks below PDL (2.1900) and quickly rejects**, this could indicate smart money accumulation and a bullish move.
- If price **pushes up into the 2.2100-2.2200 premium zone**, it could be a strong area for shorting.
- **Equilibrium & Order Blocks**:
- Price is currently hovering around **equilibrium**, meaning it could either bounce or seek deeper liquidity before moving up.
- **A bullish reaction from equilibrium (2.1980 - 2.2000) could indicate continuation to PDH.**
4️⃣ Trade Setup Refinement**
📌 Bullish Scenario**
- **Entry Zone:** Between **2.1980 - 2.1900** (around equilibrium and demand zone).
- **Stop Loss (SL):** Below **2.1850** to protect against deeper retracements.
- **Take Profit (TP):** Around **2.2100 - 2.2200** (premium supply zone).
- **Risk-Reward Ratio:** **1:4+**, making it a high-probability setup.
📌 Bearish Scenario (If Price Rejects Premium Zone)**
- If price **pushes into 2.2100 - 2.2200** and shows **bearish rejection**, a short opportunity could emerge.
- **TP for shorts:** **2.1980 - 2.1900** (liquidity grab area).
- This would be a short-term trade within the overall bullish structure.
🔹 Final Thoughts**
✅ **Primary Bias:** **Bullish**, expecting price to hold above **equilibrium (2.1980 - 2.1900)** and push toward PDH.
✅ **Alternative Bias:** If price breaks below **2.1900**, wait for a liquidity grab before confirming a new bias.
✅ **Trade Plan:** Watch for bullish confirmation near **2.1980** for a buy setup.
GBP/NZD Analysis: Market Uncertainty Amid Key Technical LevelsThe analysis of GBP/NZD shows recent volatility, with a close at 2.20571 on February 19, 2025, slightly down from the previous day, indicating a phase of market indecision. The previous trend saw moderate progression from February 16 to 18, supported by an increase in UK GDP, which temporarily strengthened the Pound. However, the absence of new economic data left the pair exposed to market sentiment, contributing to the decline on February 19. From a technical perspective, the chart highlights a strong resistance area between 2.21770 and 2.22180, a level that has rejected the price multiple times, suggesting that without a decisive breakout above this zone, the bullish trend may weaken. Conversely, a significant support area is located around 2.17616, a level that has already provided a positive reaction, pushing the price back up. The current price action shows a consolidation phase between these two key levels, with a recent structure of higher lows that could indicate an accumulation attempt before a potential bullish breakout. If the price manages to break above the upper resistance decisively, the next target would be around the recent highs in the 2.24000 area. On the other hand, a break below the 2.17616 support could trigger a decline towards the next key level at 2.15000, where an interesting liquidity zone is present. The combination of the recent positive GDP data and a more cautious market sentiment leaves the pair in a state of uncertainty, with a key reaction expected in the coming days depending on the holding or breaking of the main technical levels.