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GBPNZD

GBPNZD Maintains Bearish Momentum - Is 2.23800 the Next Target?OANDA:GBPNZD is trading within a well-defined descending channel, with price action respecting both the upper and lower boundaries. The price has broken below a key support zone and has now pulled back for a potential retest. This level previously acted as support and may now turn into resistance, aligning with a bearish continuation. If sellers confirm resistance at this zone, the price is likely to move downward toward the 2.23800 target, which aligns with the lower boundary of the channel. However, a breakout above the resistance zone would invalidate the bearish scenario and could open the door for a stronger bullish reversal. Remember, always confirm your setups and trade with solid risk management. Best of luck!
Short
by TrendDiva
3
GBP/NZD Rounded Top (06.03.25)The GBP/NZD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Rounded Top Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 2.2362 2nd Support – 2.2266 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
5
GBP/NZD Finally Made A Reversal Pattern , Short Setup Valid !Here is my opinion about GBP/NZD , Finally we have a very good Head And Shoulders Pattern ,and the price closed below neckline so it`s a very good chance to sell it to get 250 pips . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Short
by FX_Elite_Club
GBPUSD BUY 📊 Technical Analysis & Entry Signal 💹 🔍 The chart shows a strong uptrend where the price has broken a key resistance level and is now pulling back to retest it. As highlighted in the analysis, it's crucial to wait for a complete pullback and confirmation before entering a trade. 📈 Entry Signal: ✅ Entry: After pullback confirmation around 1.27570 🎯 Targets: First Target: 1.27952 Second Target: 1.28269 Third Target: 1.28645 🛑 Stop Loss: 1.27414 (Risk management is essential) 📝 Important Note: Always manage your risk and avoid entering without confirmation. 📉
Long
by EhsanZeydabadi
GBPNZD Maintains Bullish Momentum - Is 2.27040 the Next Target?OANDA:GBPNZD is trading within a well-defined ascending channel, with price action respecting both the upper and lower boundaries. The recent bounce off the midline suggests buyers are maintaining control, supporting a potential continuation of the uptrend. As long as the price remains above the support level and the channel's lower boundary holds, the bullish structure remains intact. A potential upside target is 2.27040, aligning with the upper boundary of the channel. A break and close above this level could signal further bullish momentum. However, a decisive break below the channel’s lower boundary or the support zone would invalidate the bullish outlook and could signal a shift in market sentiment. Remember, always confirm your setups and trade with solid risk management. Best of luck!
Long
by TrendDiva
1
GBPNZD - Bullish Continuation in Play?OANDA:GBPNZD is currently trading within an ascending channel, indicating a strong uptrend. The price has broken above a key resistance zone and may now be pulling back for a retest. This area previously acted as resistance and may now serve as support, aligning with a potential bullish continuation. If buyers confirm support at this level, the price is likely to move upward toward 2.26160, which aligns with the upper boundary of the channel. Conversely, a failure to hold support could signal a potential bearish shift. Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions. Let me know your thoughts or any additional insights you might have! 🚀📈
Long
by DanieIM
1
GBPNZD – ready to go long again ... the week of 03 Mar Monthly – bullish Weekly – bullish Daily – bullish, broke above previous highs already. Price above 200sma. H4 – After the break out, price is pulling back. We have no idea where the pullback may terminate, but the support located around 2.2370 or preferably, the zone marked between 2.2212 – 2.21520 (or any other point in between) may hold price. If there is no further pullback, I will not be interested in trading this pair for now. However, if price action develops as I anticipate, I will be looking for signs of a bullish continuation. My stop would be below the recent swing low and I will at first, target 2.2700 with the potential to extend much higher. This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Long
by Trading_Vista
GBPNZD at Key Resistance: Rebound Toward 2.20986?OANDA:GBPNZD has reached a significant resistance zone, marked by historical price rejections and strong selling pressure. This area has previously acted as a key supply zone, increasing the probability of a bearish reaction if sellers regain control. The current market structure suggests that if price confirms a rejection from this resistance zone, we could see a potential drop toward the 2.20986 level. This level aligns with previous price reactions and serves as a logical downside target. However, a break and close above this resistance zone would invalidate the bearish bias and could signal further upside continuation. Traders should look for bearish confirmation signals such as rejection wicks, bearish engulfing patterns, or increased selling volume before considering short positions. This setup reflects the potential for a pullback after a strong bullish move, supported by historical price action and market structure. Do you agree with this analysis? Share your thoughts in the comments!
Short
by DanieIM
1
GBPNZD Is Bearish! Short! Here is our detailed technical review for GBPNZD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 2.217. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 2.209 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPNZD - Potential Sell Opportunity at Resistance LevelOANDA:GBPNZD is approaching a significant resistance zone, marked by previous strong price rejections. This area has consistently acted as a turning point, suggesting the potential for another bearish reaction if sellers step in. If the price shows clear signs of rejection from this resistance zone, I anticipate a move downward toward the 2.20620 level, which serves as a logical target for this setup. Conversely, a clean breakout above the resistance zone could signal a potential bullish continuation. Traders should monitor for bearish confirmation signals, such as bearish engulfing candles, long upper wicks rejecting the resistance, or increased selling volume before considering short positions. Let me know your thoughts or any additional insights you might have!
Short
by DanieIM
1
GBP/NZD’s Bullish Rounding Breakout: Targeting 2.2144 & 2.2202The pair appears to be forming a rounded bottom, suggesting a potential bullish continuation. After basing near the 2.1900–2.1950 zone, price has reclaimed key Fibonacci levels (38.2% and 50% retracements), indicating strong buying interest. A sustained break above the 0.786 Fib around 2.2039 sets the stage for an advance toward Expect Level 1 (2.2144) and eventually Expect Level 2 (2.2202). If buyers hold above these Fib supports, the bullish momentum is likely to continue, reinforcing the upside targets on the chart.
Long
by ClearTradingMind
GBPNZD Ascending TrapPrice is currently trading along an ascending trendline, making higher lows in the process. This suggests short-term bullish momentum. However, the overall structure resembles a consolidation or a potential “rising wedge” setup. The market is hovering just above the trendline, and sellers seem to be testing buyers’ resolve at this level. The candlesticks near the trendline show some indecision (small-bodied candles or wicks on both ends), hinting that bullish momentum could weaken. If the price breaks convincingly below the trendline, it would signal a shift from short-term bullishness to a possible bearish phase.
Short
by TopGBanks
GBP/NZD Analysis: Market Uncertainty Amid Key Technical LevelsThe analysis of GBP/NZD shows recent volatility, with a close at 2.20571 on February 19, 2025, slightly down from the previous day, indicating a phase of market indecision. The previous trend saw moderate progression from February 16 to 18, supported by an increase in UK GDP, which temporarily strengthened the Pound. However, the absence of new economic data left the pair exposed to market sentiment, contributing to the decline on February 19. From a technical perspective, the chart highlights a strong resistance area between 2.21770 and 2.22180, a level that has rejected the price multiple times, suggesting that without a decisive breakout above this zone, the bullish trend may weaken. Conversely, a significant support area is located around 2.17616, a level that has already provided a positive reaction, pushing the price back up. The current price action shows a consolidation phase between these two key levels, with a recent structure of higher lows that could indicate an accumulation attempt before a potential bullish breakout. If the price manages to break above the upper resistance decisively, the next target would be around the recent highs in the 2.24000 area. On the other hand, a break below the 2.17616 support could trigger a decline towards the next key level at 2.15000, where an interesting liquidity zone is present. The combination of the recent positive GDP data and a more cautious market sentiment leaves the pair in a state of uncertainty, with a key reaction expected in the coming days depending on the holding or breaking of the main technical levels.
Short
by EdgeTradingJourney
1