GBPNZD is in Selling Direction after testing TrendlineHello Traders
In This Chart GBPNZD 4 HOURLY Forex Forecast By FOREX PLANET
today GBPNZD analysis 👆
🟢This Chart includes GBPNZD market update)
🟢What is The Next Opportunity on GBPNZD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPNZD
GBP/NZD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are going short on the GBP/NZD with the target of 2.114 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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GBPNZD Pushing itself in a buy directionHello Traders
In This Chart GBPNZD 4 HOURLY Forex Forecast By FOREX PLANET
today GBPNZD analysis 👆
🟢This Chart includes GBPNZD market update)
🟢What is The Next Opportunity on EURNZD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPNZD: Market of Sellers
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the GBPNZD pair price action which suggests a high likelihood of a coming move down.
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GBPNZD Bullish scenarioThe price of GBP/NZD recently bounced from a low point around 2.1050, which shows that buyers are coming in. The next place where the price might slow down or face some resistance is around 2.1263 to 2.1300. Right now, the price is moving upward slowly, and it looks like it could keep rising.
Targets between 2.1264 and 2.1305
GBPNZD Strong buy signal at the bottom of the Channel Up.The GBPNZD pair has been trading within an 11-month Channel Up and since its break below the 1D MA50 (blue trend-line) on August 28, it has been forming the new bottom. Monday saw it approaching the Higher Lows trend-line and with the 1D MA200 (orange trend-line) just below it as a Support, we believe that we've seen the new Low.
In fact, as the 1D RSI made a Double Bottom, it resembles the Channel's last bottom formation on June 06. The final confirmation of the bullish break-out will be when a 1D candle closes above the 1D MA50. We expect at least a +4.45% rise, thus targeting 2.19000 on the medium-term.
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EN bias to short,likewise for GNHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Both eurnzd and gbpnzd should be seeing more downside, had shorted since last week..this week shall continue unless something else happened :)
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!
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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.
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GBP-NZD Will Keep Falling! Sell!
Hello,Traders!
GBP-NZD made a bearish
Breakout of the key horizontal
Level of 2.1146 which is now
A resistance and the breakout
Is confirmed so after a local
Pullback we will be expecting
A further bearish move down
Sell!
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GBPNZD - Short from LZ !! Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled and rejection from trendline + LZ.
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#GBPNZD 4HGBPNZD (British Pound / New Zealand Dollar)
Timeframe: 4-Hour (4H)
Pattern: Expanding Pattern
An expanding pattern, also known as a broadening formation, has been identified on the 4-hour chart of the GBPNZD pair. This formation signals increasing volatility and market indecision, often leading to a strong breakout in either direction after completion.
In this case, the pattern appears to be forming higher highs and lower lows, indicating widening price movements.
Forecast: Buy
The current analysis suggests a potential buying opportunity within the pattern. The pair may continue moving upwards from the lower bound of the pattern, likely targeting the upper resistance area formed by the expanding structure.
Technical Outlook:
Support Zone: The lower boundary of the expanding formation, acting as a dynamic support.
Resistance Zone: The upper boundary of the pattern, serving as dynamic resistance.
*Key Levels to Watch: The breakout or bounce near these key zones.
A break above the upper boundary would confirm a bullish continuation, with momentum favoring more upside potential.
Make sure to watch for confirmation signals like volume increase or momentum indicators to validate the entry.
Bearish move correctionAfter hitting 1:5 target and securing 150 pips from the one directional bearish movement, price started to consolidate indicating loss of bearish momentum before mitigating the 4h order block. From this order block we have cleared the swing high for displacement, now we are looking for bullish opportunities because price is expected to hike in order to correct the one directional bearish movement. Anticipating a minor pullback slightly below the imbalance for a bullish entry. The ideal entry level is at 2.11400 because a sweep is expected, risking 30 pips with stop loss at 2.11100 which is below the low at 2.11204 and targeting 150 pips at price 2.12900 which resonates order block that lies between levels 2.12800 and 2.13000...
GBPNZD Double top on the resistanceGBPNZD has dropped below the 2.1300 resistance zone. Recent daily candles show rejection bars with long wicks, hinting at growing bearish pressure. Additionally, a double top pattern has formed, indicating that bullish attempts have been rejected twice, strengthening the selling sentiment. Given this setup, the price may continue to decline, potentially breaking below the upward channel that seems to be a corrective pullback against the prevailing bearish trend. A break below this channel would likely signal further downside movement. The target is the support level at 2.11800
Higher timeframe resistancePrice mitigated the internal daily supply zone, which is now acting as the highest timeframe resistance. After the mitigation a retracement occurred in a corrective manner to give us a contraction before the volatile move that cleared the swing low at 2.12600. With the swing low being cleared, we have a shift and price has already triggered the breaker block as indicated. We now was liquidity generated about, looking for the liquidity to be swept and the order block to be respected for a clean bearish entry at 2.13200. The stop is 30 pips which is at 2.13500 and the target is 2.11700 which is a total of 150 pips, the anticipation is a 1:5 trade…
GBPNZD Will Explode! BUY!
My dear followers,
This is my opinion on the GBPNZD next move:
The asset is approaching an important pivot point 2.1172
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 2.1229
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
GBPNZD: Expecting Bearish Continuation! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPNZD chart which, if analyzed properly, clearly points in the downward direction.
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GBP/NZD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/NZD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2.125 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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