Falling towards 50% Fibonacci support?GBP/NZD is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 2.1903
Why we like it:
There is a pullback suppor tlevel that lines up with the 50% Fibonacci retraecment.
Stop loss: 2.1720
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Take profit: 2.2098
Why we like it:
There is a pullback resistance level.
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GBPNZD
GBP_NZD WILL FALL|SHORT|
✅GBP_NZD is about to retest a key structure level of 2.1908
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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GBPNZD Will Go Lower! Short!
Take a look at our analysis for GBPNZD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 2.182.
The above observations make me that the market will inevitably achieve 2.171 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPNZD: Bearish Continuation & Short Trade
GBPNZD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GBPNZD
Entry Point - 2.1703
Stop Loss - 2.1759
Take Profit - 2.1602
Our Risk - 1%
Start protection of your profits from lower levels
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GBPNZD - The pound, in relative peace!The GBPNZD currency pair is located between EMA200 and EMA50 in the 4H timeframe and has left its downward channel. In case of a downward correction, we can see demand zone and buy this currency pair in that zone with a suitable risk reward.
According to recent data, the UK’s economic indicators have shown various changes. M4 money supply, a key economic measure, has declined by 0.1%, compared to the previous figure of 0.6%. This drop may reflect reduced liquidity in the economy.
In the area of consumer credit, the Bank of England reported that this metric reached £1.098 billion, lower than the forecast of £1.3 billion and the previous figure of £1.231 billion. This may indicate a decline in consumer demand for credit.
Meanwhile, significant growth has been observed in the mortgage sector. Mortgage lending rose to £3.435 billion, surpassing the forecast of £2.7 billion and the previous figure of £2.541 billion. This increase suggests an improvement in the housing market and growing demand for mortgages.
Additionally, the number of approved mortgages reached 68,303, exceeding the forecast of 64,500 and the previous figure of 65,647. This growth further highlights increased confidence and momentum in the housing market.
Andrew Bailey, the Governor of the Bank of England, has addressed the financial and economic state of the UK, highlighting key concerns. He warned that price corrections could disrupt financing but expressed confidence that households and businesses would remain resilient against economic challenges.
He also predicted that the UK’s economic growth would continue “sustainably.” Bailey pointed to heightened global risks and uncertainties while emphasizing that there is no conflict between financial stability and economic growth. Additionally, he noted that geopolitical risks remain elevated.
According to Bloomberg and a CBI survey, tax pressures on UK businesses have caused a significant decline in the private sector. For the first time in two years, the budget has been identified as the main reason for reduced business activity.
Companies have warned that hiring plans are at their weakest level since the COVID pandemic. Business activity in the UK has been declining for the first time in over two years as firms reduced jobs and limited investments following the October budget. According to the Confederation of British Industry’s (CBI) monthly growth index, a £26 billion ($33 billion) increase in payroll taxes and prolonged uncertainty caused by a three-month wait for the next budget after the Labour Party’s decisive victory in the July 4 election have significantly impacted private sector sentiment.
The UK plans to review the design of its new labor survey in the spring. The Office for National Statistics (ONS) reported that overall employment levels are now 313,000 higher than before the COVID pandemic. The economic inactivity rate has decreased by 0.1% to 22.1%, while the unemployment rate has remained steady at around 4.2%. Employment rates for the period from April to June 2024 increased by 0.1%, reaching 74.6%.
GBPNZD Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for GBPNZD is below:
The price is coiling around a solid key level - 2.1547
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 2.1496
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
GBP/NZD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GBP/NZD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 9H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 2.138 area.
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GBPNZD is in Selling Direction Hello 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 BULLISH BIAS 1/12/2024Prices have pulled back to the 50 EMA on the daily chart, where there are numerous long lower wicks. This indicates that buyers have reacted and are preventing prices from falling below the 50 EMA.
This area aligns as a confluence point since it represents former resistance turned new support and coincides with the Fibonacci 0.382 level.
The Anchored Volume Profile also highlights this price level as the "Point of Control."
If a bullish engulfing candle forms, it would indicate positive momentum and could provide an opportunity to enter a trade.
TradeCityPro | GBPNZD : Critical Levels and Market Momentum👋 Welcome to TradeCityPro!
In this analysis, I will review the GBPNZD currency pair on the daily timeframe.
⏳ Daily Timeframe: Higher Highs and Ascending Trendline
In the daily timeframe, the market is displaying higher highs and higher lows, indicating an uptrend. Along with this trend, an ascending trendline can be observed, to which the price has reacted three times so far.
🔼 Currently, after reaching the resistance at 2.18921, the market has entered a correction phase, with the price pulling back to the 2.11346 level. As long as the price remains above the trendline, I consider the market trend to be bullish.
📈 If the resistance at 2.18921 is broken, the uptrend is likely to continue, with the first target for this movement being 2.22652.
🔽 On the other hand, if the trendline is broken and the price breaches the 2.13682 or 2.11346 levels, bearish momentum will enter the market. In this case, the first target will be 2.06414, followed by the second target at 2.00732.
✨ The RSI oscillator is currently indecisive and fluctuating around the 50 level. The RSI trend in the near future could determine the market’s momentum.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
+100/+200 pips gbpnzd m20 short from resistance short-term🔸Hello traders, let's review the 20 minute chart for GN today. Price
contained withing sliding bear channel previously rejected multiple
times from overhead resistance.
🔸Currently expecting price to pump into overhead resistance and
complete a double top at 1610, that's the likely PRZ level.
🔸Previously rejected from overhead resistance, sequence of lower
highs in progress and expecting yet another rejection into double top
and also re-action with the bear channel.
🔸Recommended strategy for GN traders: short sell high at 1610 SL 50
TP1 +100 pips TP2 +200 pips final exit at 1400. good luck traders!
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Past performance is not indicative of future results.
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TradeCityPro | CHFJPY The Battle Between Buyers and Sellers👋 Welcome to the TradeCityPro channel!
Let’s quickly dive into another forex trading opportunity this week, analyze it briefly, and identify entry and exit triggers.
🌍 Fundamental Insights
Swiss Franc (CHF):
Supported by safe-haven demand due to geopolitical tensions and SNB’s tight monetary policy.
Japanese Yen (JPY):
Weak from BoJ’s ultra-loose policy and disappointing economic data.
The divergence in policies between the SNB (hawkish) and BoJ (dovish) continues to favor CHFJPY’s bullish potential, especially during market risk aversion.
📊 Daily Timeframe
The pair faced rejection at 177.108, failing to continue toward the 179.691 resistance.
Sellers gained momentum, pulling the price back to the 172.592 support zone.
If today’s daily candle closes red and engulfing, a bearish continuation to a lower low is likely.
⏱ 4-Hour Timeframe
The pair is testing the key daily support at 172.592, presenting both bullish and bearish scenarios.
📉 Short Position Trigger:
Break below 172.592 could lead to a target of 170.550.
📈 Long Position Trigger:
Prolonged consolidation or a fake break below 172.592, followed by a breakout above 173.949, could indicate a bullish reversal.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
TradeCityPro | GBPNZD Analysis Ready to Move👋 Welcome to the TradeCityPro channel!
Let's start this week's market by analyzing the GBPNZD pair for potential triggers in futures. We'll keep it concise!
🌍 Fundamental Overview
GBP: The British pound remains under pressure due to persistent economic slowdown and uncertainty around the Bank of England's policy, with inflation softening but still above target.
NZD: The New Zealand dollar is supported by stronger commodity demand and recent hawkish signals from the Reserve Bank of New Zealand (RBNZ), which is holding interest rates steady but remains cautious of global economic conditions.
Result: Diverging monetary outlooks and commodity trends make GBPNZD sensitive to risk sentiment and trade flow shifts.
📊 Weekly Timeframe
In the weekly timeframe, like most currency pairs, we are in a range but have broken the lower box and are now ranging in a higher box.
Additionally, the chart shows a curve-like upward movement, forming higher lows, indicating an uptrend, but recently, the trend has significantly weakened, and the candlesticks are getting smaller.
If the curve line breaks, the price can move to 2.10640.
If the curve supports, the price may head towards 2.16990 and possibly break this significant resistance.
⏱ 4-Hour Timeframe
In the 4-hour timeframe, there is a descending trendline, forming lower highs and creating compression.
📉 Short Position Trigger:
Triggered by rejection from the trendline or a break of the 2.14309 support level, targeting 2.12359.
📈 Long Position Trigger:
Triggered by a breakout above the trendline and 2.15606, targeting 2.18194.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
GBPNZD Is Very Bullish! Long!
Here is our detailed technical review for GBPNZD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2.147.
The above observations make me that the market will inevitably achieve 2.153 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: Bullish Continuation & Long Trade
GBPNZD
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy GBPNZD
Entry Level - 2.1437
Sl - 2.1379
Tp - 2.1542
Our Risk - 1%
Start protection of your profits from lower levels
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GBPNZD: Bearish Continuation Setup in FocusI’m closely monitoring GBPNZD as price tests this current region. Here’s the plan:
The Setup
Price is hovering near a key area of interest around 2.15485–2.15781.
I’m observing how price reacts here to determine if bearish momentum will continue.
If sellers remain strong, I’m looking for a further push down toward the green level at 2.13336, which is my target zone.
The Plan
1️⃣ I’ll wait to see if price respects this resistance zone or shows rejection, confirming that sellers remain in control.
2️⃣ My stop loss will be placed strategically above the resistance zone to manage risk effectively.
3️⃣ The goal is to capitalize on a bearish continuation toward the green support line at 2.13336.
Why This Makes Sense
This area has previously acted as a significant turning point for price. If resistance holds, it sets up a clean move toward the next major support zone, offering a strong risk-to-reward opportunity.
Mindset Tip:
"It’s not about guessing the market’s next move—it’s about reacting to what it shows you. Stay patient, and let the levels do the talking."
GBPNZD - Will the pound continue to rise?!The GBPNZD currency pair is located between the EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. In case of a downward correction, we can see the demand zone and buy this currency pair in that range with the appropriate risk reward. Breaking the ceiling of the descending channel will provide the way for this currency pair to rise to the specified resistance range.
Barclays Institute Remains Optimistic About the British Pound’s Growth Until 2025
Key highlights of the analysis are as follows:
• Strengthening ties between the UK and the European Union are expected to provide long-term support for the British economy and pound, boosting its positive outlook.
• The financial packages announced by the UK government, amounting to approximately 1% of GDP, have stimulated domestic demand and delayed the Bank of England’s (BoE) interest rate cut cycle.
• A critical uncertainty lies in whether higher labor costs will lead to inflationary pressures or a reduction in employment, both of which could impact supply.
• The UK’s trade deficit in goods with the United States indicates that, compared to the Eurozone, Britain is less exposed to the direct risks of potential US tariffs. This creates a favorable distinction for the pound over the euro.
Barclays predicts that the pound will maintain a positive trajectory through 2025, supported by fiscal resilience, limited exposure to tariff risks, and structural improvements in UK-EU relations. These factors position the pound for gains against both the dollar and the euro, though uncertainties related to labor costs remain a critical factor to monitor.
Remarks by Ramsden:
Ramsden, a member of the Bank of England, noted that wage growth is more likely to align closer to 2% rather than 4%. He highlighted that the economy is on track to return to normalcy, with inflation stabilizing at a low level and expected to continue this trend.
In the short term, inflation is anticipated to remain near the target, while in the long term, it could fall significantly below it. However, the impact of higher social insurance taxes on key economic indicators like prices, wages, and unemployment remains unclear.
New Zealand’s Economic Outlook:
Meanwhile, New Zealand’s Treasury has forecast a deeper economic downturn, which is placing greater pressure on tax revenues. According to Dominic Stephens, the Treasury’s chief economic advisor, the economic contraction has been sharper than expected, posing serious challenges for the government’s efforts to reduce its budget deficit.
Recent evidence suggests that economic and fiscal forecasts, set to be released on December 17, will likely be further downgraded. Data indicates that New Zealand consumers are spending less than they did last year, and businesses remain pessimistic about their economic prospects.