GBPNZD FORECASTINGThis is one of the pairs that I give the first priority for today! Watch this video and see how I look this price!
GBPNZD trade ideas
GBPNZD may come down from the resistance!Based on your analysis of GBPNZD, it appears you expect a bearish move from the current resistance level due to consolidation.
Resistance Zone: 2.13723 to 2.13471
Support Zone: 2.10397 to 2.10002
Trading Plan:
Entry Point:
Sell at : 2.13621, which is near the current resistance.
Take Profit :
Target : 2.11624, positioned above the support level.
Stop Loss :
Set at : 2.15618, to protect against unexpected upward movement.
This strategy leverages price action around support and resistance, anticipating that the price will reverse from the resistance and move lower towards the support. Just ensure you have solid risk management in place.
GBPNZD View!!For now, with inflation hovering above target, the BoE is likely to hold to its relatively hawkish narrative and remain on a slower rate cut pace.
However, if inflation moves lower, as Bailey noted, a faster pace of cuts would likely put considerable downward pressure on GBP/USD, stirring a further reduction in net spec longs (1096742NNET).
GBPNZD SELLGBPNZD in potential reversal zone.
Possible expanding triangle complete wave5.
Confluence of fibonacci ratios.
GBPNZD: Structure BreakoutThe GBPNZD price has successfully broken and closed above a significant daily and intraday resistance level, which has now turned into support.
I expect the bullish trend to continue, with target levels at 2.1420 and 2.1471.
GBPNZD-SELL strategy 6-hourly Heikin Ashithe buying pressure is light near 2.1500 and it came down lower quickly, also we have channel resistance 2.1535 area.
I suspect we see slightly lower back to 2.1325 area
Straregy SELL @ 2.1450-2.1480 and profit taking near 2.1347. SL as per own wishes.
GBPNZD buy bullish trendI expect the bullish trend to continue from this pair especially ahead of the NZD rates decision happening this week.
GBPNZD: Structure BreakoutThe GBPNZD price successfully broke and closed above an important daily/intraday resistance level, which has now become a support.
I anticipate a continuation of the bullish trend on this pair, with targets at 2.1420 and 2.1471.
GBPNZD ANALYSIS.A clear break, pullback & continuation candle close above major zone (blue zone) for buy confirmation.
GBPNZD Under Pressure! SELL!
My dear friends,
GBPNZD looks like it will make a good move, and here are the details:
The market is trading on 2.1411 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 2.1301
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
Why I’m Betting Bearish on GBPNZD: Key Market Drivers ExplainedAs I prepare to share my trade idea for GBPNZD, my overall bias is bearish. Here are some key fundamentals currently influencing this outlook:
1. UK Economic Slowdown: The UK is facing economic challenges, with high inflation and downgraded growth forecasts. This situation tends to weaken the British Pound against other currencies, including the New Zealand Dollar.
2. RBNZ's Hawkish Stance: The Reserve Bank of New Zealand (RBNZ) is likely to maintain a strong monetary policy, focusing on controlling inflation. This contrasts sharply with the UK's more cautious approach, which supports a stronger NZD.
3. Seasonal Trends: Historically, GBPNZD has shown a bearish trend from mid-August through December. This seasonal behavior suggests that now is an opportune time to consider short positions.
In my trading strategy for GBPNZD, I rely on probabilities to guide my decisions for entering short positions.
In summary, by leveraging probabilities based on historical data and current market fundamentals, I aim to position myself advantageously for short trades on GBPNZD.
This disciplined approach aligns with my bearish outlook and enhances my trading effectiveness.
I look forward to sharing my journey in this trade and welcome any thoughts or feedback!
2W:
Hourly TF:
High probability trade/ Bullish on GBPNZDthis is my trade idea on Gbpnzd, good luck to all traders looking for this pair.
no financial advice only for educational and trade idea purpose
GBPNZDWe can attempt to buy GBPNZD from specified level as it break LH , also bullish divergence occur indicate that it moves upward.
SL , TP mention in chart.
A possible good sell on GBPNZDJust for a moment, ignore that horizontal level. Why? Because the trendline looks so power on the 1h, 4h, and the daily timeframes.
Now let's come back to the horizontal level which seems to be in jeopardy of being broken out of as we speak. Imagine what if this is one of those fake break outs. If that's true, then the trendline is clearly telling us what could be possible as a good sell trade.
Lastly, successful Forex traders know that nothing in Forex is 100%. The only thing 100% in Forex trading is probability and improbability.
What that means is the trendline may also be broken out of. It may not be broken out of.
The bottom line is this one could be a good sell setup. See how the price behaves when it reaches that trend line, if it does reach there. Especially, on the lower time frames.
And if the price starts respecting that horizontal level, that will of course mean we can short it much earlier than that trendline.
A good hint: On the lower time frame as well, the price must not hover around that trend line for a long time if it has to just kiss that trend line from below and drop down.
A fantastic RR trade happening now: Long GBP NZD
This is a reversal trade on an intraday mid-time frame perspective BUT the trade is actually WITH THE TREND on the very high timeframes. So, it's not really one of those risky reversal trades.
Potentially great RR if you put your Stop just below the Buy order block on the 4hr chart. I might post another chart of the 4HR.
It's got plenty of catchup this trade. So if it plays out like I think it may and we all know how protective they are of the Pound, it should do okay. This is a longer term trade.
There is no FOMO or rush to this trade. Technically, it could even be Shorted until it reaches the Buy Zone at the bottom of this 4HR chart.
GBPNZD FORECASTThis is one of my favorite pairs in this week! In this video I have covered a lot! Let's Learn and Earn together!
GBPNZD is in Selling Direction after testing TrendlineHello 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 BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are going short on the GBP/NZD with the target of 2.114 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 Pushing itself in a buy 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 EURNZD 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
GBPNZD: Market of Sellers
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the GBPNZD pair price action which suggests a high likelihood of a coming move down.
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GBPNZD Bullish scenarioThe price of GBP/NZD recently bounced from a low point around 2.1050, which shows that buyers are coming in. The next place where the price might slow down or face some resistance is around 2.1263 to 2.1300. Right now, the price is moving upward slowly, and it looks like it could keep rising.
Targets between 2.1264 and 2.1305
GBPNZD Strong buy signal at the bottom of the Channel Up.The GBPNZD pair has been trading within an 11-month Channel Up and since its break below the 1D MA50 (blue trend-line) on August 28, it has been forming the new bottom. Monday saw it approaching the Higher Lows trend-line and with the 1D MA200 (orange trend-line) just below it as a Support, we believe that we've seen the new Low.
In fact, as the 1D RSI made a Double Bottom, it resembles the Channel's last bottom formation on June 06. The final confirmation of the bullish break-out will be when a 1D candle closes above the 1D MA50. We expect at least a +4.45% rise, thus targeting 2.19000 on the medium-term.
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GBPNZD Price Analysis - Preparing to Resume the DowntrendGBPNZD Price Analysis - Preparing to Resume the Downtrend
The GBPNZD pair has recently broken down from a significant structure zone near the 2.1150 level.
This breakdown suggests a potential move towards the 2.0900 and 2.0750 levels.
However, this downward movement may take some time to fully materialize.
In the short term, we might face a false bullish breakout above 2.1150 before the bearish trend resumes. This pattern has been observed previously on the left side of the structure, indicating the need for caution.
Despite this, the overall swing direction is expected to begin soon.
You may find more details in the chart!
Thank you and Good Luck!
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