GBPNZD Analysis H1Here is my analysis for GBPNZD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Gbpnzdlong
GBPNZD - Bullish Divergence FormationThere is a Bullish divergence present at the moment.
A bullish trend would be confirmed once the first LH (Lower high) is broken and the first HL (Higher Low) and HH (Higher high) are formed.
As part of my personal trade plan, I intend to enter a long trade with a 1:1 risk/reward ratio.
However, it is essential that you conduct your own thorough research and risk management strategies before making any trading decisions.
GBPNZD ! Massive SHORT Opportunity.Firstly, I want to congratulate those who follow my short sell signal of GBPUSD in my previous Idea.
Technical Analysis :
In a weekly Time Frame GBPNZD is approaching the Major Resistance area of 2.10500. A Massive rejection has seen many times in past. Whenever GBPNZD reached 2.10500 level a strong rejection occurred and trader hold GBPNZD sell trades for long. This time i am expecting the same scenario to happened again as history repeats itself in Forex also. Apart from that we will also see this from fundamental point of view.
I have mentioned some levels where rebound is expected and connected it with the Fibonacci retracement lvels. Both Support and Fibonacci levels coincides and showing the same values.
Fundamental Analysis
Today, the United Kingdom unveiled the May Consumer Price Index (CPI) figures, indicating that it remained steady at 8.7% compared to the previous month. Conversely, the core CPI witnessed a rise from 6.8% to 7.1%, deviating from traders' predictions of a 6.8% decrease. Nevertheless, similar to the headline inflation, there was no decline.
It is important to note that this report neither disappointed the bearish nor bullish sentiments; instead, it confirms the evident fact that inflation in Britain is gradually decelerating, despite the Bank of England's implementation of 12 interest rate hikes. Although there might be a thirteenth hike tomorrow, it is clear that inflation shows minimal response to the regulatory actions taken.
In light of this report, the British pound demonstrated mixed performance, initially experiencing a slight increase but subsequently declining. At the time of writing, the decline continues. The market is likely to lose confidence in the British pound since raising rates becomes futile if inflation fails to decrease.
Traders previously expected further tightening from the Monetary Policy Committee (MPC), but now the Bank of England cannot confidently assert a 2% rate increase, as doing so would only exacerbate the struggles of an already weakened economy. Rate hikes will soon come to an end, although there will be a 0.25% increase tomorrow.
COT Report Data
you can search COT Report Data. As i am not PRO members thats why i am unable to post links here.
According to the Commitments of Traders (COT) report, the sentiment among "Non-commercial" traders has shown a slight decrease in bullishness during the recent reporting week. Speculators have increased their long contracts by 11,320 units, while short contracts have risen by 17,069. Although the overall sentiment of major players remains mostly bullish, the number of long and short contracts now stands at approximately equal levels, with 76,000 and 69,000 contracts respectively.
The British pound demonstrates positive prospects for further growth, supported by current information that favors it over the NZD. However, I do not foresee a significant surge in the value of the pound sterling in the upcoming months. The outcomes of the Bank of England's meeting this week will provide further clarity on the pound's future outlook.
Conclusion : In connection with technical and Fundamental analysis that we have done above i expect GBP to fall in coming months as GBP is not offering any thing to traders also inflation is not slowing down as fast as expected. The market will likely to lose confidence in the British pound since raising rates becomes futile if inflation fails to decrease. Increasing Rates would only burden an already struggling economy. Rate hikes will soon come to an end and then Investors will open Massive Shorts on GBP.
Additional Comments
If we compare GBPJPY, GBPNZD, GBPAUD and the most favourite all time pair GBPUSD. we will find a common relation, GBP is reaching higher level on all these pairs and everyone will short GBP from these levels.
Massive Sell Levels:
GBPJPY : 194.5000
GBPNZD: 2.10500
GBPUSD: 1.30000
GBPAUD: 1.92500
Hopefully, this will benefit all traders.
GBPNZD Long Term Trading Idea Hello Traders
In This Chart GBPNZD 4 HOUR Forex Forecast By FOREX PLANET
today nzdcad 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 Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPNZD - Short active ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: As I said in my previous analysis I expect price to make a retracement on daily timeframe, so on 4H we can see that price took buy side liquidity and rejected from bearish order block, so I opened a short position.
Fundamental analysis: Upcoming week we have news on GBP. On Wednesday will be released yearly CPI and on Thursday Interest Rate. Pay attention to the results in order to validate the analysis, as these news are one of the most important.
Like, comment and subscribe to be in touch with my content!
GBPNZD Bullish Breakout!GBPNZD broke out of the
Bullish wedge pattern
While trading in an
Uptrend so I think
That we will see
Further growth!
I see buys on GbpnzdWe had price break a major level making a new high. With the new high made this is called our indication. Which means that with the right momentum we can expect price to come back to that high after a correction. Due to price being on a uptrend which means no lows have been broken we can anticipate that price is bullish.
GBPNZD to find buyers at previous support?GBPNZD - 24h expiry - We look to Buy at 2.0415 (stop at 2.0365)
Previous support located at 2.0400.
Previous resistance located at 2.0500.
Price continues to trade within the triangle formation.
We expect a reversal in this move.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
Our profit targets will be 2.0535 and 2.0565
Resistance: 2.0500 / 2.0600 / 2.0650
Support: 2.0450 / 2.0400 / 2.0300
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
GBPUSD - Powerful IMPULSE leg 200pips GBPUSD is showing a really good STRENGTH from last week, right now we are reaching OVERBOUGHT levels but DIRECTION on this trade is still LONG.
#1 ENTRY (Risk Entry, Good Reward) -: Enter LONG only when price pullback to the BASELINE/Automated KEY ZONE.
INVALIDATION
Invalidation on this trade happens only when DXY SHORT play get invalidated (See the DXY idea to check the exact levels)
TARGETS
If LONG gets triggered, exit here will be at PMtH level (Previous Month High).
P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
GBPNZD - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect price to continue the retracement to fill that huge imbalance lower and then to reject from bullish order block + institutional big figure 1.99000.
Fundamental analysis: Upcoming week on Wednesday we have news on GBP, will be released monthly GDP & on Thursday on NZD will be released quarterly GDP. Pay attention to the results in order to validate the analysis.
Like, comment and subscribe to be in touch with my content!
GBPNZD strong upside push to 2 after C&H breakoutCup and Handle formed on GBPNZD.
The price broke out which gave a great entry signal.
We could even wait for the price to retrace back to the Brim level and get an even better entry.
7>21>200 - Bullish
RSI >50
Target will start off at 2.198. But once it breaks higher, we'll see more formations.
Smart Money Concepts
Sell Side Liquidity formed just below the handle of the cup.
Smart Money BUYS into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter their trades.
GBPNZD Bullish ProjectionAfter taking out the previous week low, GBPNZD is expected to bounce back to the upside. Buy!
GBPNZD POTENTIAL LONG FORMATION IN PROGRESS (BULLISH CHANNEL)When we look at the pair there are more bullish signs and bearish signs hence we are only looking for buying opportunities.
We have listed the reasons for our bullish basis below:
1: Higher times frames show a strong bullish trend.
2: Lower bullish channel test and potential bounce.
3: Up-trendline test and bounce.
4: Pair us making new highs which signal a bullish trend.
Nothing in the markets is ever perfect and this includes pattern formations. It's not every often we see textbook-style patterns. As long as risk is managed, if we happen to get stopped, we move to the next trading setup.
GBPUSD Short Term Bullish Sentiment off Daily LevelGBPUSD Short term Bullish Play to find Fair value Liquidity for further Shorts after some Weak CPI Figures this morning, Traders from Wednesday closing full short positions or deleveraging should create some bullish bias once the UK Market closes 5:30
GBPNZD Buys | DR Ramz Trade IdeaPrice broke past 8 hour structure, along with a retest of the daily 50 ema & order block. These are signs that price may want to reverse tp the upside. I'm expecting a full retest of my POI (Point of interest) to look for a buy entry. This is a potential 400 pip move. So make sure to stay updated
GBPNZD BUYit seems that the strength of down-trend is getting weaker and it's suitable for Buy (Long Position)
GBPNZD SELLHi, according to my analysis of the GBPNZD pair. There is a high probability of falling. With the bullish channel flag broken. The price is trying to retest the resistance area 1.01350. Although this area is the 61% Fibonacci retracement of the golden ratio. I wish you success in this transaction .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
GBP-USD - SCALP TRADE _ SHORTI will enter with a short under the enter area , first we need to wait for a breakout of the support line
GBP/USD: 15/05: Bears counterattack, nice entry point for sell.OANDA:GBPUSD GBP/USD is building strength to recover from near the 1.2455 support as the US Dollar Index (DXY) has posted downside momentum after seeing a high of 102.70 early in the European session . It is expected that Cable will strengthen its force after breaking through the immediate resistance of 1.2485.
GBP/USD has slipped below the Rising Channel chart pattern formed on the four-hour scale. Cable is on a make or break, so absolute volatility is widely anticipated. The 20-period exponential moving average (EMA) at 1.2520 has acted as a major hurdle for the British Pound bulls.
The Relative Strength Index (RSI) (14) is hovering in a bearish 20.00-40.00 range, suggesting more weakness to come.
GBPNZD Bullish LongDivergence is there.
NZD dumped and become bearish for now...
The bearish Trend line is also broken.
Take 1% Risk of your Account.
Entry Price: 1.99596
STop Loss: 1.98434
Take Profit: 2.00758
GBPNZD - Bullish Trend - Long Based on the chart pattern analysis, it appears that the price is forming higher highs (HHs) and higher lows (HLs), which indicates a bullish trend.
Furthermore, the Relative Strength Index (RSI) does not show any divergence currently.
I recommend taking a long trade with a risk/reward ratio of 1:1
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
