Atlas - Week in Review - Dec 20th 2024 Atlas - Week in Review - Dec 20th 2024
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By: Atlas aka Noble.Mike.Jamison
NZDGBP trade ideas
GBPNZD Will Go Lower! Sell!
Here is our detailed technical review for GBPNZD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2.218.
Considering the today's price action, probabilities will be high to see a movement to 2.208.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBPNZD Bullish ContinuationGBPNZD price seems to exhibit signs of overall bullish momentum as the price action may form a credible Higher Low on key Fibonacci levels.
Trade Plan :
Entry @ 2.2102
Stop Loss @ 2.1824
TP 0.8 - 1 @ 2.2324 - 2.238
GBPNZD - LONGGBPNZD is making HH and HL with trendline support.
Entry is with fib.
SL is below Higher low.
gbpnzd broke the channelgbpnzd broke the falling trend channel on the hourly chart with a lot of volume. I expect an upward move of at least 150 pips after the retest.
GBP/NZD Overbought, slight correction - short term tradeHi guys, making up a short term trade on the GBP/NZD ,because it is very overbought and has reached higher resistance level on 1H time frame and 4H time frames.
Entry : 2.21970
Target: 2.20998
Stop : 2.22452
As always my friends happy trading!
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GBPNZD reaching for the 127% extension on the breakout. Intraday Update: The GBPNZD came very close to reaching the 127% extension of the July highs to August lows at 2.2214, intraday RSI's are overbought which is a risk for bulls near term. Bull flag is still in tact while above 2.1850.
GBPNZD LONGActive trade. Got in at NY session. Decided to publish an idea after. Aiming for the -27 TP
Dail CLS within the Monthly CLS. Model 2 ShortDaily CLS within the Monthly CLS. Model 2 Short
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
What is CLS?
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Good luck and I hope this educational post helps to become better trader
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
GBPNZD SELL signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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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 GBP/NZD Channel BreakoutThe GBP/NZD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2.2053
2nd Support – 2.2132
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Best Regards, KABHI FOREX TRADING
Thank you.
GBP/NZD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are going short on the GBP/NZD with the target of 2.183 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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GBPNZD is in a macro bullish cycle despite GBP weaknessPound Kiwi is building support very well. Targeting buyside and scalping long from dips is the way to profit with this pair for the moment. We can expect this trend to continue.
Find a good dip into lower time frame FVGs and let the longs rip!
GBPNZD ... Bullish Move - Dec 16th 2024GBPNZD ... Bullish Move - Dec 16th 2024
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By: Atlas aka Noble.Mike.Jamison
#012 NEW DCA GBPNZD LONG Trendline BreakoutOk, I am taking on another GBP trade, but this time its paired with the NZD instead of SGD.
This other setup is based on trendline break but it doesnt matter. what matters is that it is in an uptrend and I am entering on a confirmed uptrend.
If price reverses, then we would reverse too. As long as price shows to us that it is a confirmed reverses, we would reverse our position, otherwise, we would just close that losing position out for a small loss or a small win.
More details in screenshots below.
2302SGT 16122024
GBPNZD has completed its retracementthe overall trend is bullish plus the price has got a decent bounce from the Fib golden pocket(0.618) once the price breaks the upper trendline of the bullish flag it will be another major confluence for another bullish rally
GBP/NZD "Pound vs Kiwi" Forex Bank Heist Plan on BullishHello! My Dear Robbers / Money Makers & Losers, 🤑 💰
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Stop Loss 🛑 : Recent Swing Low using 2H timeframe
Target 🎯 : 2.21500
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GBPNZD - Idea for a long position !!Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect price to continue the retracement to fill the imbalance and then to reject from bullish OB + institutional big figure 2.18000.
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GBPNZD is in Selling DirectionHello Traders
In This Chart GBPNZD 4 HOURLY Forex Forecast By FOREX PLANET
today GBPNZD analysis 👆
🟢This Chart includes GBPNZD market update)
🟢What is The Next Opportunity on GBPNZD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBP_NZD (400 Pip Range Bound)The GBP/NZD currency pair has recently reached a 9-year high, indicating significant strength in the British Pound against the New Zealand Dollar. Based on the provided information and search results, here's a detailed analysis for the coming 3 days:
Fundamental Analysis
The GBP/NZD pair has been showing a strong bullish trend, driven by several factors:
1. Economic Divergence: The UK economy has been showing signs of resilience, while New Zealand's economy faces challenges, contributing to the pair's upward momentum.
2. Interest Rate Differentials: The Bank of England's monetary policy stance compared to the Reserve Bank of New Zealand's approach may be supporting the Pound's strength against the Kiwi.
3. Global Risk Sentiment: As a risk-sensitive currency, the New Zealand Dollar may be under pressure due to global economic uncertainties, benefiting the relatively safer Pound.
Technical Analysis
Short-term technical indicators suggest a potential for both bullish continuation and a possible correction:
1. Trend Analysis: The overall trend remains strongly bullish, with the pair making new highs and trading above key moving averages.
2. Resistance Levels: The pair recently reversed from a key resistance level at 2.1840, which could act as a ceiling for further gains in the short term.
3. Support Levels: Key support is identified at 2.1600, which could be tested if the pair experiences a pullback.
4. Momentum Indicators:
a. The daily Stochastic indicator suggests overbought conditions, which may lead to a short-term correction.
b. The 14-day RSI is at 68.10, approaching overbought territory but not yet extreme.
5. Moving Averages: The pair is trading above both the 50-day SMA (2.16) and the 200-day SMA (2.13), confirming the strong uptrend.
Short-term Forecast (Next 3 Days)
Consolidation: The pair should trade within the range of 2.17-2.21 as it consolidates after the recent strong move.
Volatility is expected to remain high, with an average daily range of about 0.54%.
Conclusion
While the long-term trend for GBP/NZD remains bullish, the pair may experience short-term volatility and potential correction after reaching a 9-year high. Traders should watch key technical levels and be aware of any fundamental developments that could impact either currency.
Citations:
fxpro.news
www.centralcharts.com
www.centralcharts.com
coincodex.com
www.ofx.com
www.icmarkets.com
www.tradingview.com
www.icmarkets.com
www.tradingview.com
au.investing.com
GBPNZD H4 swing move coming soon ???Strong trending market
Nice looking retracement trendline
Price pulling back into structure
Faster stochastic lines reaching oversold
Faster stochastic lines are likely to be pulled up to the slower stochastic
Faster Stochastic lines maybe printing divergence soon
Wait for lower timeframe confirmation signals before entry
GBP_NZD SUPPORT AHEAD|LONG|
✅GBP_NZD is going down to retest a horizontal support of 2.1900
Which makes me locally bullish biased
And I think that we will see a rebound
And a move up from the level
Towards the target above at 2.2013
LONG🚀
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