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New Zealand Dollar/British Pound

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NZDGBP trade ideas

Upcoming short/reversal on GBPNZD in the next few daysMy FICO indicator works by making a DXY-like index for each currency, then plotting their rate of change on an oscillator to show relative strength/weakness. When two currencies are on opposite ends and change directions, it is an entry signal. In this case, GBP (dull green, top) and NZD (lime green, bottom) are on opposite sides of the oscillator channel. The directional flip has not happened yet, but it is inevitable. We must wait for this to confirm first, since the current trend still has momentum. I estimate it could take about 3 days for the trend to finish, and over that time, price could visit anywhere in the 2.12556 to 2.16300 level. Once we enter, we'll target about 1080 pips short and let the trend ride in our favor. This can change depending on what the price actually does in the next week and is also based on current values.
Short
by KyleBaran
3
GBPNZD: A Kiwi's RevengeI strongly advise against making trading decisions based solely on humorous or anecdotal information. Financial markets are complex and influenced by numerous factors. That said, here are some lighthearted, fictional reasons "why" you might consider shorting GBPNZD (please don't actually do this!): The All Blacks Curse: The New Zealand rugby team is simply too good. Their dominance is inevitably causing the Kiwi dollar to soar while the Pound cowers in fear. Sheep Overpopulation: New Zealand has an absurdly high sheep-to-human ratio. These woolly creatures are secretly manipulating the NZD higher with their psychic powers. Hobbit Home Prices: The rising cost of living in Middle-earth (New Zealand) is causing a property bubble, which will inevitably burst, dragging the NZD down with it. Marmite Shortage: A global Marmite crisis (a staple in the UK) will lead to widespread panic and a plummet in the Pound. LOOOL
Short
by FtradeFXArabic
4
GBPNZDThe GBPNZD pair is approaching the top (Higher Highs trend-line) of the 7-month Channel Up and has already completed a +4.40% rise since its recent Higher Low. That is the exact rise % that the previous two Bullish Legs of the Channel achieved. As a result this is close to the most optimal sell signal we can get. Both previous Bearish Legs that followed such top sell signals, reached at least the 0.618 Fibonacci retracement level. Therefore, our short-term Target on this pair is 2.09500.
Short
by AsifAwan11
GBPNZD Sell signal at the top of the Channel Up.The GBPNZD pair is approaching the top (Higher Highs trend-line) of the 7-month Channel Up and has already completed a +4.40% rise since its recent Higher Low. That is the exact rise % that the previous two Bullish Legs of the Channel achieved. As a result this is close to the most optimal sell signal we can get. Both previous Bearish Legs that followed such top sell signals, reached at least the 0.618 Fibonacci retracement level. Therefore, our short-term Target on this pair is 2.09500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
2
Forex Trading Signal: GBPNZDDirection: Buy Enter Price: 2.14114 Take Profit: 2.14471333 Stop Loss: 2.13665333 Justification: Based on the analysis conducted using the EASY Quantum Ai strategy, we recommend initiating a Buy position for the GBPNZD pair at the entry price of 2.14114. Several indicators suggest a potential upward movement in this currency pair: - Trend Analysis: The recent trend suggests a bullish momentum as the pair has been showing higher highs and higher lows. - Technical Indicators: Key technical indicators such as RSI and Moving Averages are aligning in a manner that indicates a continuation of the bullish trend. - Economic Factors: Positive economic data from the UK compared to comparatively weaker data from New Zealand supports the bullish outlook. - Market Sentiment: Current market sentiment driven by geopolitical and economic events favors a rise in the price of GBPNZD. Kindly ensure your risk management strategies are in place, setting your Stop Loss at 2.13665333 to manage potential downside risks, and targeting a Take Profit at 2.14471333 for optimized gains. Trade wisely and keep monitoring the market conditions. End of Signal
Long
by ForexRobotEasy