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GBPNZD

GBP/NZD Rebounds Support Area and Presents New Long SetupDuring the Asian Session, the currency pair GBP/NZD dropped to the level of 1.9870, which was caused by the major currency pair GBP/USD (the Cable) losing momentum due to the UK's inflation concerns. However, despite the disappointment in the UK's politics, Brexit optimism prevailed, enabling Cable buyers to regain control. On Monday, during the UK holiday, the Cable's decline from its highest levels since April 2022 was noticeable. Nonetheless, the fresh optimism surrounding the Bank of England's positive outlook, coupled with the US Dollar's inability to sustain recent gains, encouraged Pound Sterling buyers. As a result of this positive sentiment towards the Sterling, the technical analysis of the GBP/NZD pair showed a divergence on the Hourly timeframe, with the stochastic indicator indicating an oversold area following the price rebound on a strong previous support level. Based on this analysis, we suggest a new long setup for GBP/NZD.
Long
by FOREXN1
17
GBPNZD - Long from discount zone ✅Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs from discount zone. I expect price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.99000. Fundamental analysis: Next week we have news on GBP, on Thursday will be released Interest Rate supported by Bailey speech. The rate is forecasted to increase, this means strength in currency which can support our analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
GBPNZD SHORTLY BEFORE SHORTENING SELLERS READY!Why is the GBP/NZD pair important to traders? The GBP/NZD pair brings together two of the world’s most-traded fiat currencies: the British pound and the New Zealand dollar. It shows us how much NZD is needed to buy £1. Sterling is the fourth most-traded currency worldwide, while the New Zealand dollar is 10th. Among international investors and traders, the GBP/NZD pair is commonly known as the “kiwi”. The origin of this nickname can be traced back to the flightless bird that’s pictured on New Zealand’s $1 coin. GBP/NZD is an example of a cross-currency pairing. This means these two currencies can be traded directly without being converted into US dollars first. Cross-currency transactions have grown in volume over recent years – driven by international traders who are keen to cut costs and avoid volatility associated with the greenback. The fact that non-USD pairs are now more commonly traded also means spreads have tightened, making it even cheaper to move from one currency to another. Because GBP/NZD can be prone to volatility and experience significant rate fluctuations, the pair can offer huge potential for speculation. It could also be a great alternative for experienced investors and traders looking to diversify away from forex majors such as GBP/USD, EUR/USD, EUR/GBP and USD/JPY. GBPNZD currently trading near the falling resistance. The price needs to sustain above 50% fib level. The zone is confluence of falling resistance and and fib level. We are watching out the key level. A buy position can be taken, If price managed to break above falling resistance and sustained above 50 fib level. While below the mentioned zone only bears will be active. Tarde your levels accordingly The post-financial crisis and massive central bank stimulus that followed in developed nations has led to some of the lowest bond yields in history. In a move to find higher returns, cash has moved abroad into economies that offer higher yielding assets. Countries such as New Zealand have benefitted during these times, but with the Fed's move to scale back asset purchases in combination with slower growth in China, the four year trend may be showing signs of fundamental weakness. History of GBP/NZD Pound sterling dates all the way back to 775 AD – and evolved into its current form following decimalisation in 1971. GBP represents a significant amount of daily trades around the world. The New Zealand dollar is far newer and was introduced in 1967 to replace the New Zealand pound. A staggering 27 million banknotes were printed for the changeover, as well as 165 million new coins. Today, NZD has an average daily trading volume of US$68 billion. According to the historical GBP to NZD graph, the pair hit one of its highest levels in September 2001, when one pound cost NZ$3.6909. But this wasn’t to last – and it paved the way for a downtrend that lasted several years. By August 2011, GBP/NZD had dropped to 1.85. And over the months that followed, with the exception of occasional reverses, the GBP/NZD pairing eased even lower, eventually hitting 1.79 in April 2013. After bottoming out, the pair’s rate returned to trading at about 2.06 in the second half of 2014 in response to the declining price of dairy products, New Zealand’s main commodity. By September 2015, the exchange rate had soared to 2.4543. Another turning point in GBP to NZD history was the Brexit referendum in June 2016, when the pair gained strong downside momentum. The UK’s decision to leave the EU was seen by the global community as a negative move for the country’s economy – and the uncertainty led to many investors pulling their money out of the UK at a rapid pace. By October 2016, the exchange rate had dropped to 1.6846. The reverse in the negative trend dominating the pound to NZ dollar pairing began in July 2017, with rates rising to 2.0377 by October 2018. During 2019, the pairing suffered some volatility once again. Lows of 1.8280 were seen in July that year, while highs of 2.0566 followed in October. The UK pound to NZ dollar pair started 2020 at 1.9647 and climbed to 2.0958 by 1 April. The coronavirus pandemic has triggered plenty of volatility ever since. Join Capital.com to follow GB pound to NZ dollar rate in real time and stay on top of the latest market developments with our live GBP/NZD chart. Factors influencing the GBP/NZD pair One of the main drivers in the GBP/NZD rate is the economic health of the UK and New Zealand. When getting involved in GBP to NZD trading, it is worth paying attention to a wide range of economic factors including GDP growth, import and export data, employment figures and inflation rates. Political events can also have a significant influence on the pair. One of the greatest examples is the ongoing turmoil surrounding Brexit that continues to weigh on the pound’s value. The price of sterling and the New Zealand dollar is also impacted by monetary policies enacted by the Bank of England and the Reserve Bank of New Zealand. For instance, whenever these central banks think inflation is rising too quickly, they will use monetary policy tools in an attempt to bring it under control. Interest rates could rise as a result, which is another factor that traders should consider when analysing the market and the possible future direction of the GBP/NZD pairing. In addition, the New Zealand dollar is a commodity-based currency. The country’s main trading partners are the US, Australia and China. Therefore, the NZD can face uncertainty if economic growth declines in any of these nations – or if there’s an overall slowdown in global trade. In this scenario, the GBP/NZD rate would go higher on the back of a weaker New Zealand dollar. How to trade GBP/NZD CFDs An individual can trade the GBP to NZD currency pair with a regular forex contract in the spot, forwards, or futures market. However, today, one of the easiest and most popular ways that one could trade the GBP/NZD is with contracts for difference, or CFDs. A contract for difference is a financial contract, typically between a broker and an investor, where one party agrees to pay the other the difference in the value of a security, between the opening and closing of the trade. You are more liquid when you purchase CFDs as you are not tied to the asset: you have merely purchased the underlying contract. In addition, CFDs give the opportunity to trade GBP/NZD in both directions: you can try to profit from both upward and downward future price movement. You can either hold a long position, speculating that the GBP/NZD’s rate will rise, or a short position, speculating that the rate will fall. This is considered a short-term investment, as CFDs tend to be used within shorter timeframes.
Short
by DaveBrascoFX
1
GBP/NZD My Opinion! BUY! My dear friends, I analysed this chart on GBP/NZD, and concluded the following: The instrument tests an important psychological level 2.00664 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Target - 2.02033 Safe Stop Loss - 1.99875 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
6
GBPNZD Is Going Up! Long! Please, check our technical outlook for GBPNZD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2.005. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2.017 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 growth from the bottom of ascending channel(Shor term)🚀GBPNZD can start to grow again from the bottom of the ascending channel. 💡Reasons for GBPNZD growth:💡 A Hidden Divergence(HD+) between two successive valleys in the ascending channel. Buy signal in RSI indicator . Confirmation of the end of the movement by the StochRSI indicator . Hammer🔨 Candlestick Pattern formation at the bottom of the ascending channel. 🔅British Pound/New Zealand Dollar ( GBPNZD ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
27
GBP/NZD The Target Is UP! BUY! My dear subscribers , Please, find my technical outlook for GBP/NZD below: The instrument tests an important psychological level 2.01202 Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Goal - 2.03408 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
16
GBPNZD Is Very Bullish! Long! Please, check our technical outlook for GBPNZD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2.008. Taking into consideration the structure & trend analysis, I believe that the market will reach 2.037 level soon. P.S The term overbought 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
Bullish GBP/NZD Trend: Potential Long Position OpportunityDuring the previous trading session, the GBP/NZD currency pair displayed a robust bullish rally, driving the price to the notable level of 2.0400. However, following this upward movement, the price has initiated a retracement and pulled back to the 61.8% Fibonacci level. Interestingly, this area coincides with the presence of strong support at 2.000 and the RSI indicator showing oversold conditions. As a result, swing traders might consider taking a long position aligned with the prevailing uptrend, as clearly evident in higher timeframes. Considering these technical factors, we anticipate a continuation of the bullish trend, with a pullback in this retracement area serving as a viable entry point for traders to take advantage of the upward momentum.
Long
by FOREXN1
16
Gbp/Nzd (Back To 2.04000... and then maybe down) Gbp/Nzd (Like Most Other Pairs At The Last Day Of The Month) is trading around a level of PSYCHOLOGICAL RESISTANCE at 2.04000 Friday , Gbp/Nzd touched this area and started to move down a little , but not too much!!!! So the idea would be to WAIT!!! You should not actually be looking for a sell anyway in the strong uptrend!!!! But if your looking for a PULLBACK SELL IDEA , I would wait for price to touch 2.04000 again ... AND STILL NOT PUSH SELL!!!!! After price touches 2.04000 and my Short Term Trend Indicator says sell , I may open a sell for scalping purposes only and close the trade whenever I feel like it.... Then I will wait for a confirmed downtrend and then Sell!!!!
Long
by RlcTrading
1