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New Zealand Dollar/British Pound

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NZDGBP trade ideas

GBP/NZD BEARS ARE STRONG HERE|SHORT Hello, Friends! GBP/NZD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 5H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 2.240 area. 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
1
GBP/NZD (15M) Analysis – 24-03-2025📊 GBP/NZD (15M) Analysis – 24-03-2025 📈 Current Price: 2.25787 🔴 Supply Zone (Resistance): 2.26715 – Potential area for reversal. 🟢 Demand Zones (Support): 2.2502 – Key level for possible bullish reaction. 2.24710 – Strong support zone. 📌 Market Outlook: Price is in an uptrend but may retrace to the 2.2502 - 2.24710 demand zone before continuing upward. Scenario 1: If price bounces from 2.2502 - 2.24710, expect a move towards 2.26112 (TP1) and potentially 2.26715 (TP2). Scenario 2: If price breaks below 2.24710, bearish momentum may increase. ⚡ Trade Setup: 🔻 Buy Setup: If rejection at 2.2502 - 2.24710 🎯 TP1: 2.26112 🎯 TP2: 2.26715 🛑 SL: Below 2.24600 #GBPNZD #ForexAnalysis #SmartMoney #Trading #PriceAction 🚀📊
Long
by FXFOREVER_87
GN update correctionRecent data from Forex Factory indicates that the British Pound (GBP) is under pressure due to weak domestic economic figures and prevailing uncertainty. In contrast, the New Zealand Dollar (NZD) is benefiting from robust commodity-related fundamentals. The latest Commitment of Traders (COT) report reveals that large speculators have been reducing their net-long positions in GBP futures, signaling a bearish sentiment toward the pound. Combining these factors, the near-term outlook for GBP/NZD appears bearish. Traders should monitor key support levels, as a breach could lead to further declines. However, any unexpected positive developments in UK economic data or shifts in global risk sentiment could provide temporary support for the pair. Expecting Long first then short
Short
by D_Virtual
GN updateRecent posts on Forex Factory indicate that the fundamentals for both the British Pound and the New Zealand Dollar are showing mixed signals—with the Pound gaining some support from improved UK economic data, while concerns persist over New Zealand’s outlook amid global risk–off sentiments. Meanwhile, the latest COT report shows that large institutional traders are leaning toward a stronger GBP positioning relative to the Kiwi. Taken together, these factors suggest that GBPNZD is likely to edge higher over the coming days, as the Pound outperforms New Zealand’s Dollar in the near term. Awaiting bullish move to convergence point on technicals
Long
by D_Virtual
GBP/NZD Short Setup AnalysisGBP/NZD 4H Trading Analysis – Bearish Setup 📉 Potential Short Opportunity 🔹 Structure Breakdown: The market broke a rising wedge pattern, signaling a potential downtrend. Price has retraced to key Fibonacci levels, providing a possible entry for short positions. 🔹 Fibonacci Levels: 61.8% (2.2565) 71% (2.2609) 78.6% (2.2648) These levels act as resistance zones where sellers may step in. A rejection from this area could confirm further downside movement. 🔹 Entry & Confirmation: Ideal short entry: 2.2565 - 2.2609 zone (Fibonacci resistance) Stop Loss: Above 2.2750 (100% Fib level & structure high) Target 1: 2.2200 (-27% Fib extension) Target 2: 2.1963 (-61.8% Fib extension) 🔹 Confluence Factors: ✅ Retest of previous support-turned-resistance ✅ Bearish momentum following the wedge breakdown ✅ Fibonacci retracement aligning with resistance
Short
by RSTrad1ng
1
GBPNZD (2H Chart) – Precision BreakdownElliott Wave Analysis of GBPNZD 1. Market Structure & Current Position Current Trend: The price is moving within a well-defined ascending channel** with higher highs and higher lows. Recent Movement :A sharp rally to the upper trendline (~2.2750), followed by a correction. Critical Level: The price is testing mid-channel support (~2.2450), a potential decision zone. --- 2. Elliott Wave Count (Detailed Breakdown) Based on the structure, the chart exhibits a **5-wave impulse move, possibly followed by an ABC correction Impulse Wave Structure (Main Trend) 1️⃣ **Wave 1:Strong push from 2.1850 → 2.2350 (Initiation) 2️⃣ **Wave 2: Pullback to 2.1950(Shallow retracement) 3️⃣ **Wave 3:Strong breakout, extending past 2.2750(Largest move, extended wave) 4️⃣ **Wave 4:Current correction to **2.2450 - 2.2350 5️⃣ **Wave 5 (Projected):If wave count is correct, **final push towards 2.2800 - 2.2900 🔹 Wave 3 Validation: The strongest and longest wave, confirming an Elliott impulse pattern. 🔹 Wave 4 Confirmation: Corrections usually respect the previous **Wave 1 territory, which aligns with the channel bottom (~2.2350). Corrective Structure (If Wave 5 Fails) Scenario A: Classic Zig-Zag Correction (ABC) - A: Drop from 2.2750 to 2.2450 - B: Short retracement (possibly back to 2.2600) - C: Further decline to **2.2200 - 2.1850** Scenario B: Running Flat Correction - Price hovers in **2.2350 - 2.2600** range before deciding direction. 3. Key Technical Levels Bullish Case (Wave 5 Continues) ✅ Support: 2.2350 - 2.2450** (Wave 4 support, channel midline) 2.2200** (Breakdown level) ✅ Resistance Targets: 2.2750** (Previous high, key breakout level) 2.2850 - 2.2900** (Final Wave 5 extension zone) --- 4. Probable Scenarios & Probability % ✅ Scenario 1: Wave 5 Continuation (60%) - If price holds 2.2350, expect a final bullish wave toward 2.2850 - 2.2900. - Confirmation: Strong bullish rejection at support. ⚠️ Scenario 2: ABC Correction (Bearish Pullback) (40%) - If price **breaks 2.2350**, we could see a larger retracement to **2.2200 - 2.1850**. - Confirmation: A **break and close below 2.2350** with bearish momentum. 5. Conclusion & Trading Strategy 📌 Bias: Bullish continuation (Wave 5) unless 2.2350 breaks. 📌 Trade Setup: - Long entry: Buy between 2.2400 - 2.2450 with a tight stop below 2.2300. - Short entry: If price **breaks below 2.2350, sell targeting 2.2200 - 2.1850. 📌 Final Thoughts: The next few hours** will confirm whether Wave 5 is valid or we enter a corrective phase. Monitor price action closely.
Long
by MAKFX21
possible sell the news from BOE decisionspikes attempts are shortable possible sell the news from BOE decision risk on tracker as well, with potential NZD recovery and indices rally Check out our socials for some nice insights. Let us know if there're any pair you like to see or if this is something you like. Do ask if you have any question Not as refined as our direct trade setups. More for advanced active traders. information created and published doesn't constitute investment advice! NOT financial advice.
Short
by Mabelm