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GBPNZD

GBPNZD Technical buy opportunity below the 1D MA50.Last time we looked into the GBPNZD pair (October 02 2024, see chart below), we issued a clear buy signal at the bottom of the long-term Channel Up, that easily hit the 2.1900 Target: Yet again, the price got rejected at the top of the Channel Up and pulled-back where it is consolidating below the 1D MA50 (blue trend-line). In the 12 months of this pattern, this has always been an excellent technical buy opportunity, with the minimum immediate rally being +4.15%. As a result, we feel confident buying this pair and target 2.2550. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GBPNZD - The pound, at peace?!The GBPNZD currency pair is below the EMA200 and EMA50 in the 4-hour timeframe and is trading in its ascending channel. If the downward trend continues, we can see the demand zone and buy this currency pair in that zone with the appropriate risk reward. The upward correction of this currency pair will provide us with the opportunity to sell it again. According to Bloomberg, in response to rising borrowing costs, the UK bond market has requested that the government reduce the issuance of long-term bonds next year. During annual consultation meetings held on Monday, traders strongly advocated for a reduction in the maturity of bonds issued for the fiscal year 2025-2026 compared to current levels. The majority of investors favor increasing the issuance of short-term bonds due to declining demand for long-term bonds from pension funds. The Debt Management Office mentioned in its meeting minutes that the market requires greater flexibility due to “uncertainty.” The recent rise in UK bond yields has posed new challenges for the government, and these proposals could help the government adapt to the shifts in demand. As reported by the Financial Times, UK Treasury Minister Rachel Reeves has expressed support for regulatory plans aimed at reducing restrictions on mortgage lending.These plans, which are being reviewed by the Financial Conduct Authority (FCA), aim to allow banks to take on more risk with mortgage loans, enabling more people to become homeowners. In an interview with the Financial Times, Reeves stated her willingness to consider the FCA’s proposals for easing mortgage restrictions. She said, “I am fully prepared to explore ideas that can help working families achieve homeownership.” This week, Reeves traveled to Davos to participate in the World Economic Forum and promote the UK as a prime destination for investment. This effort is part of the Labour government’s strategy to stimulate economic growth, as the UK experienced a recession in the second half of last year. Given the stringent fiscal rules Reeves has imposed on herself and the decline in business confidence following her decision to raise employer national insurance contributions in the October budget, the Treasury Minister has faced significant political pressure since the start of the year. The Treasury is at the forefront of the government’s efforts to push regulators to introduce growth-enhancing measures. Last week, Reeves met with several UK regulatory officials to gather their ideas on this matter. Data from the Office for National Statistics (ONS) revealed that the number of job vacancies in the UK decreased to 812,000 in the quarter ending December. Additionally, the economic inactivity rate dropped to 21.6% in the three months ending November. Traders have increased their bets on an interest rate cut by the Bank of England, expecting a reduction of 64 basis points this year. Moreover, December data indicates that the UK’s public sector net debt (excluding banking groups) rose to £17.8 billion, up from the previous figure of £11.2 billion. Public sector tax receipts increased to £19.9 billion, a notable rise compared to the previous £13.0 billion. Similarly, central government net debt climbed to £19.9 billion, up from £16.3 billion previously. Meanwhile, in the latest Global Dairy Trade (GDT) auction in New Zealand, the GDT price index increased by 1.4%, while whole milk powder prices rose by 5%.
Long
by Ali_PSND
GBPNZD I Swing Long Opportunity from Weekly Welcome back! Let me know your thoughts in the comments! ** GBPNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
5
GBPNZD Massive Long! BUY! My dear friends, Please, find my technical outlook for EUR/USD below: The instrument tests an important psychological level 2.1703 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2.1748 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPNZD Is Going Up! Buy! Here is our detailed technical review for GBPNZD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2.174. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.200 level. 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBPNZD What Next? BUY! My dear followers, I analysed this chart on GBPNZD and concluded the following: The market is trading on 2.1777 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 2.1956 Safe Stop Loss - 2.1676 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Bearish drop?GBP/NZD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 2.1897 Why we like it: There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement. Stop loss: 2.2076 Why we like it: There is an overlap resistance level that is slightly above the 50% Fibonacci retracement. Take profit: 2.1671 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Bearish reversal off overlap resistance?GBP/NZD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 2.1897 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 2.1966 Why we like it: There is a pullback resistance level that lines up with the 38.2% Fibonacci retracement. Take profit: 2.1671 Why we like it: There is an overlap support level that lines up with the 127.2% Fibonacci extension. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets