GBPNZD: Swing Trading & Technical Analysis
The analysis of the GBPNZD chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
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GBPNZD
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…
GBP_NZD LOCAL SHORT|
✅GBP_NZD went up to retest a horizontal resistance level of 2.1370
Which makes me locally bearish biased
And I think that a move down
From the level is to be expected
Towards the target below at 2.1290
SHORT🔥
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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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Trade idea - GBPNZD Long1H
Corrective approach towards entry zone.
Market moving in Descending channel.
= Instant market execution Buy.
1.5% risk.
Aiming to take full profit at Daily TP.
GBP_NZD WILL GO DOWN|SHORT|
✅GBP_NZD has retested a key resistance level of 2.1360
And as the pair is already making a bearish pullback
A move down to retest the demand level below at 2.1233 is likely
SHORT🔥
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GBPNZD: Bearish Continuation & Short Signal
GBPNZD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short GBPNZD
Entry - 2.1287
Sl - 2.1343
Tp - 2.1183
Our Risk - 1%
Start protection of your profits from lower levels
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GBPNZD - Analysis & ICT EducationThis is some recent price action on GBPNZD.
I show my analysis and give some tips on what I am looking at in terms of ICT's Concepts.
Overall, the bias for higher prices looks very strong.
- R2F
GBPNZD to see a temporary move lower?GBPNZD - 24h expiry
The medium term bias remains bullish.
We look for a temporary move lower.
The sequence for trading is higher highs and lows.
Preferred trade is to buy on dips.
Bespoke support is located at 2.1230.
We look to Buy at 2.1230 (stop at 2.1200)
Our profit targets will be 2.1350 and 2.1410
Resistance: 2.1350 / 2.1410 / 2.1470
Support: 2.1230 / 2.1200 / 2.1140
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.
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#GBPNZD 1DAYGBPNZD Daily Chart Analysis
Buy Opportunity:
The GBP/NZD currency pair presents a favorable buying opportunity based on recent technical indicators and market analysis.
Buy Level: 2.12200
At this level, the pair appears poised for an upward movement. Entry at 2.12200 aligns with current market conditions and sets the stage for potential gains.
Target Levels:
1) 2.14000 - Initial target level where the pair may face resistance but could offer a solid short-term profit.
2) 2.16000 - Intermediate target, providing a potential for more substantial gains as the pair continues its upward trajectory.
3) 2.18000 - Long-term target, representing the optimal exit point for maximizing returns based on the current trend analysis.
Description:
The GBPNZD pair has shown a bullish pattern on the daily chart, suggesting a potential upward trend. After consolidating at the buy level of 2.12200, the pair is expected to advance towards the target levels. The technical indicators support the idea of upward momentum, with strong resistance levels anticipated at 2.14000, 2.16000, and 2.18000.
Traders should monitor the pair closely for any signs of reversal or resistance at these target levels. Adjusting stop-loss levels to secure gains as the price moves in the desired direction is recommended.
Disclaimer: Ensure to conduct your own analysis or consult with a financial advisor before making trading decisions.
British Pound / New Zealand Dollar Hey traders
We have GBP / NZD lined up nicely, this area hasn't been touched since 2020 and the time before that was 2016, my confluences are all saying this is going to drop, but like anything in trading we all know this is probability, so use good risk management.
Please like comment and follow cheers
This chart material is for education purposes only / Demo account should be traded only
Entry 2.18836
Sl 2.20600
Tp 2.01800
GBP NZDTHIS IS MY SETUP FOR GBP NZD
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Trade carefully
This is not financial advice, DYOR.
GBP/NZD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
It makes sense for us to go short on GBP/NZD right now from the resistance line above with the target of 2.097 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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GBP_NZD LOCAL SHORT|
✅GBP_NZD will soon retest a key resistance level of 2.1360
So I think that the pair will make a pullback
And go down to retest the demand level below at 2.1293
SHORT🔥
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GBP-NZD Will Go Down! Sell!
Hello,Traders!
GBP-NZD made a retest
Of the horizontal resistance
Of 2.1350 and then broke the
Rising support line so we are
Locally bearish biased so
We will be expecting
A further local move down
Sell!
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GBPNZD Will Go Down From Resistance! Short!
Here is our detailed technical review for GBPNZD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2.127.
Considering the today's price action, probabilities will be high to see a movement to 2.116.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBP_NZD BEARISH BIAS|SHORT|
✅GBP_NZD went up to retest a horizontal resistance level of 2.1360
Which makes me locally bearish biased
And I think that a move down
From the level is to be expected
Towards the target below at 2.1200
SHORT🔥
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GBPNZD Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for GBPNZD below:
The price is coiling around a solid key level - 2.1281
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 2.1157
Safe Stop Loss - 2.1354
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
2nd attempt to short GBPNZD .. the week of 09 Sep 2024My 1st attempt had failed, perhaps partly due to incorrect identification of support/resistance.
Entry - approx. 2.1200 (deliberately late to be under the 20sma on H4 time frame)
Stop - above the recent high at 2.1330
1st target - 2.0900
Possible potential to take this down to 2.0600 region
(The outcome of this trade really depends heavily on the 2.1250 area holding as resistance).
This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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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
GBP/NZD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP-NZD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2.125 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/NZD pair.
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