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GBPNZD

GBP/NZD H1 | Falling to 61.8% Fibonacci supportGBP/NZD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 2.0760 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 2.0666 which is a level that lies underneath a swing-low support. Take profit is at 2.0889 which is a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
Falling towards 61.8% Fibonacci support?GBP/NZD is falling towards a support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry:2.07489 Why we like it: There is an overlap support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 2.06778 Why we like it: There is a pullback support level. Take profit: 2.08798 Why we like it: There is a pullback resistance level. 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.
Long
by VantageMarkets
1
GBPNZD Is Very Bullish! Buy! Take a look at our analysis for GBPNZD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2.078. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.102 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
Heading into pullback resistance, could it reverse?GBP/NZD is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 208794 Why we like it: There is a pullback resistance which lines up with the 38.2% Fibonacci retracement. Stop loss: 2.09653 Why we like it: There is a pullback resistance. Take profit: 2.06809 Why we like it: There is a pullback support. 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
GBPNZD Is Going Up! Long! Here is our detailed technical review for GBPNZD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2.071. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2.076 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBP/NZD Bearish Side Money Heist PlanMy Dear Robbers / Traders, This is our master plan to Heist GBPNZD based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level, Once it is cleared we can continue our heist plan to next new target. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Short
by Thief_Trader
GBPNZD - Bullish Harmonic Pattern FormationThe GBPNZD currency pair is currently forming a Bullish Harmonic Pattern, specifically an XABCD pattern. This is a key indication of potential bullish reversal trends, particularly as the price approaches the D point. In harmonic patterns, Point D is known as the Potential Reversal Zone (PRZ), where we often anticipate a significant price reaction. Confluence of Support Levels: Point D not only signifies the completion of the harmonic pattern but also aligns with a critical support area. This confluence of factors enhances the probability of a bullish reversal. Additionally, the 4-hour trend line intersects at Point D, adding another layer of confirmation to our bullish outlook. This confluence provides a robust foundation for our bullish bias. Entry, Stop Loss, and Take Profit Levels: Given the analysis, our strategy involves taking a long position at the PRZ. Entry Point: 2.07390 Stop Loss: 2.06732 Take Profit Levels: TP-1: 2.08048 TP-2: 2.08706 TP-3: 2.09365 These take-profit levels have been strategically placed to capture potential gains at various stages of the anticipated bullish trend. The first target (TP-1) is modest, allowing us to secure initial profits. Subsequent targets (TP-2 and TP-3) aim to capitalize on extended bullish movements. Conclusion: The alignment of the Bullish Harmonic Pattern's Point D with a key support area and the 4-hour trend line provides a high-confidence setup for a bullish reversal in GBPNZD. By entering at 2.07390 with a stop loss at 2.06732, we mitigate risk while positioning ourselves to benefit from the expected upward trend. Our take-profit levels at 2.08048, 2.08706, and 2.09365 allow for a structured approach to capturing gains as the market moves in our favor. This analysis underscores a well-rounded technical setup that aligns multiple indicators, increasing the probability of a successful trade.
Long
by trading_jupiter
2
For Shorts on GbpnzdHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. I am bearish on the pairs, more downside should be there. Do check out my recorded video (in trading ideas) 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 experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Short
by Shadowing_The_Big_Boys
GBPNZD Will Go Lower From Resistance! 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 testing a major horizontal structure 2.079. Taking into consideration the structure & trend analysis, I believe that the market will reach 2.076 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1