GBPNZD
GBPNZD - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect price to continue the retracement to fill that huge imbalance lower and then to reject from bullish order block + institutional big figure 1.99000.
Fundamental analysis: Upcoming week on Wednesday we have news on GBP, will be released monthly GDP & on Thursday on NZD will be released quarterly GDP. Pay attention to the results in order to validate the analysis.
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GBPNZD Will Move Higher! Long!
Please, check our technical outlook for GBPNZD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 2.058.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2.080 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBP/NZD:Bullish Momentum Intact with Potential for Fresh ImpulseThe GBP/NZD is currently exhibiting a sustained bullish trend across all timeframes. Yesterday, the price initiated a retracement after experiencing a pullback at the 50% Fibonacci level from the previous swing. Based on this, our analysis suggests the possibility of a new upward impulse, with a target for profit-taking in the 2.0800 area.
However, during the European trading hours on Thursday, the 2-year UK gilt yield has declined by nearly 1% for the day. This decline in yield poses a challenge for the GBP/NZD to gather bullish momentum. Additionally, the UK's FTSE 100 Index remains in negative territory, thereby limiting the potential gains for the risk-sensitive Pound Sterling. Despite these factors, we are still on the lookout for a bullish setup in the GBP/NZD.
EURNZD I Bullish flag and continuationWelcome back! Let me know your thoughts in the comments!
** EURNZD 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.
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GBP-NZD Will Keep Growing! Buy!
Hello,Traders!
GBP-NZD is trading in an
Uptrend and the pair broke
The key horizontal level of 2.03
Which is now a support and
After the retest of which
I will be expecting a move up
Buy!
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Check out other forecasts below too!
GBP/NZD On The Rise! BUY!
My dear subscribers ,
My technical analysis for GBP/NZD is below:
The price is coiling around a solid key level - 2.05412
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2.07851
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GBPNZD Is Very Bullish! Long!
Please, check our technical outlook for GBPNZD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 2.054.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2.062 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.
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GBPNZD LONG SETUP H1 RR 1:3On GBPNZD, we have a short setup that has halted around the 2.0529 area, where we have a strong demand on the H1 timeframe. The price might bounce upwards from here, forming a textbook long setup for the Forex48 strategy. Therefore, the long objective is to target 2.07, where we have significant volumes. Let me know what you think. Happy trading to everyone.
GBPNZD strong upside push to 2 after C&H breakoutCup and Handle formed on GBPNZD.
The price broke out which gave a great entry signal.
We could even wait for the price to retrace back to the Brim level and get an even better entry.
7>21>200 - Bullish
RSI >50
Target will start off at 2.198. But once it breaks higher, we'll see more formations.
Smart Money Concepts
Sell Side Liquidity formed just below the handle of the cup.
Smart Money BUYS into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter their trades.
GBPNZD WILL FALL! CLEAR SHORT OPPORTUNITY!Hi folks, I have been waiting for a long time to open a strong short position for GBPNZD. The time has come! Prices reached resistance level in daily chart. At the same time you can see strict RSI and CMF divergences happening now. News support short position too. My TP is 2.01 but you can make it 1.97 to earn more money. Good Luck!
GBPNZD H4 | React off resistance?Based on the H4 chart analysis, we can see that price has just reacted off our sell entry at 2.0435 which is a multi-swing high resistance level. Our take profit will be at 2.0205 which is a pullback support level. Stop loss will be at 2.0544 which is a just slightly swing-high resistance level.
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GBPNZD Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring GBPNZD for a buying opportunity around 2.03700 zone, GBPNZD was trading in a downtrend and currently seems to be attempting to break it out. If we get rallies above the trend i will be monitoring a potential retrace of the trend towards more highs.
Trade safe, Joe.
GBPNZD - Strong Resistance 🦾Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on WEEKLY: Left Chart
GBPNZD is sitting around a strong weekly resistance in green, so we will be looking for sell setups on lower timeframes.
on H4: Right Chart
GBPNZD has been overall bullish medium-term. However, it is diving inside the weekly resistance.
🏹 For the bears to take over, for a potential shift in momentum, we need a break below the last low in gray.
Meanwhile, GBPNZD can still trade higher inside the weekly resistance or even break it upward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich