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GBPNZD

GBP/NZD in my opinionHello guys! Again Vugar here. By following GBP/AUD, I decided to write some sentences about it. Already, we see that it created flat channel or something like it. Channel upper level is 1.93550, bottom line is 1.90867. The is most important is its median. Median is parallel line among trend channel. In GBP/NZD, median is 1.92480 approximately. What can we wait for? Price now is 1.9213. This is too closer to median. In this case, have one decision: - put SELL STOP at 1.92000! TP 1.91328 SL 1.92700 If we will have a chance (a little) then we will be successful in the end of day! Good luck!
Short
by Forexcues
GBPNZD to see a fakeout?GBPNZD - 21h expiry - We look to Buy at 1.9050 (stop at 1.8890) Previous support located at 1.9050. Previous resistance located at 1.9300. Indecisive price action has resulted in sideways congestion on the intraday chart. Risk/Reward would be poor to call a buy from current levels. A move through 1.9230 will confirm the bullish momentum. Our profit targets will be 1.9420 and 1.9450 Resistance: 1.9300 / 1.9400 / 1.9450 Support: 1.9050 / 1.9000 / 1.8900 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Long
by Saxo
Selling GBPNZD into current swing high.GBPNZD - 20h expiry - We look to Sell at 1.9279 (stop at 1.9361) Our short term bias remains negative. The 50% Fibonacci retracement is located at 1.9275 from 28/11/2022 to 01/12/2022. Bespoke resistance is located at 1.9282. Preferred trade is to sell into rallies. Our profit targets will be 1.9095 and 1.9000 Resistance: 1.9250 / 1.9275 / 1.9282 Support: 1.9165 / 1.9094 / 1.9000 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Short
by Saxo
GBP/NZD Declines Ahead📉📉GBP/NZD Declines Ahead 📉GBP/NZD Finally started a decisive move southwards. 📉It coincides perfectly with my previous analysis in which I wrote about the declines in the Pound and the upcoming rises in the New Zealand Dollar 📉 Ahead is a strong support zone defined by a cluster of two fibo levels. The first is the 1.618 level of the entire recent upward correction. The second level is the 0.618 level of the entire upward wave from the bottom on 16.09.2022 to the peak on 17.10.2022 📉 If the downward movement continues expect the price to fall to around this support zone. 📉 Technical analysis indicators also confirm my perspective. Looking at the MACD histogram which indicates the continuation of the downward trend and the RSI which is well below the 50 level 📉The resistance zone has been set around the 0.618 level of the entire upward correction 📉 The scenario I'm playing out is a continuation of the declines to the vicinity of the support zone levels. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 📉*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
9
Buying GBPNZD at current lows.GBPNZD - 21h expiry - We look to Buy at 1.9100 (stop at 1.9020) Previous support located at 1.9100. Previous resistance located at 1.9300. Indecisive price action has resulted in sideways congestion on the intraday chart. Risk/Reward would be poor to call a buy from current levels. A move through 1.9300 will confirm the bullish momentum. Our profit targets will be 1.9298 and 1.9348 Resistance: 1.9300 / 1.9400 / 1.9500 Support: 1.9100 / 1.9000 / 1.8950 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA