The GBP/NZD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Bearish Channel: The price has been trading within a descending channel characterized by two falling...
In the daily time, we see an increase in the price sharpy, which has reached a strong resistance zone. As a result, in this area we expect a return or at least correction to the specified range.
In today's trading session, our focus is on GBPNZD, where we are eyeing a buying opportunity around the 2.08000 zone. GBPNZD is currently traversing an ascending channel and is in a correction phase, approaching the channel support at 2.08000. Adding a fundamental layer to our analysis, recent Consumer Price Index (CPI) data indicates a trend of softening...
In today's trading session, our attention turns to GBPNZD, where we are observing a potential buying opportunity around the 2.06900 zone. GBPNZD, currently in an uptrend, is navigating a correction phase, drawing closer to the trend at the 2.06900 support and resistance area. From a technical standpoint, the uptrend in GBPNZD suggests a positive bias in the...
Hey Traders, In today's trading session, our attention is directed towards potential selling opportunities in GBPNZD around the 2.05800 zone. The currency pair is currently navigating a correction phase within its downtrend, steadily approaching the crucial 2.05800 support and resistance area. As we analyze this market, it is crucial to consider the broader market...
Hello TradingView Family / Fellow Traders, 📈 GBPNZD has been overall bearish , trading inside the falling channel in red and it is currently approaching the upper red trendline. Moreover, the zone 2.055 is a robust supply zone. 🎯 Therefore, the highlighted red circle represents a significant area to consider for potential sell setups , as it marks the...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Let's see how things play out at this key daily level turned Resistance. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an...
The GBPNZD pair has had a strong decline since our last sell call (November 24, see chart below) breaking even below the 1D MA200 (orange trend-line): The price is currently rising after making a Lower Low but not at the bottom of the (blue) Channel Down. For that reason we consider the emergence of a Diverging Channel Down that can break above both the 1D...
GBPNZD has risk structure wise a good high profitability setup coming. When price enters this zone I will be looking for short setups as price has been in a big downtrend. More ideas coming up! Let me know what you think!
Hey Traders, in tomorrow's trading session we are monitoring GBPNZD for a selling opportunity around 2.02000 zone, GBPNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2.0200 support and resistance area. Trade safe, Joe.
Just like EURNZD, GBPNZD is in a big weekly support zone. Price is most likely going to bounce from this zone so I will be looking for long entries!
GBPNZD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 2.0430. Price action looks to be forming a bottom. Momentum is flat, highlighting the lack of clear direction. Risk/Reward would be poor to call a buy from current levels. A move through 2.0500 will confirm the bullish momentum. We look to Buy...
Hey Traders, in today's trading session we are monitoring GBPNZD for a selling opportunity around 2.05100 zone, GBPNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2.05100 support and resistance area. Trade safe, Joe.
The GBPNZD pair has enter a Channel Down pattern with the 1D MA50 as its pivot. A similar pattern emerged in May 2022, after the pair made an identical top and bottom (see the blue Rectangle). This time we have an additional support in the form of the 1D MA200 (orange trend-line) but as long as the price trades within the Channel Down, sell every Lower High and...