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Gbpnzdsell

GBPNZD - Bearish price action ✅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. I expect bearish price action from here as price rejected perfectly for trendline + liquidity zone. Fundamental news: Upcoming week on Wednesday we will see result of Unemployment Rate on NZD, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
GBPNZD Anticipating Bearish Momentum with Harmonic PatternGBPNZD is exhibiting a potential Anti-Butterfly Harmonic Pattern (XABCD) formation, indicating a forthcoming bearish trend momentum. This analysis is based on key resistance levels and Fibonacci retracement levels, suggesting a strategic entry opportunity. Pattern Identification: The Anti-Butterfly Harmonic Pattern (XABCD) is emerging on the GBPNZD chart, with Point D coinciding with a critical resistance level and the 0.618 Fibonacci retracement level. This convergence enhances the significance of the pattern, signaling a potential reversal point. Entry and Stop Loss Strategy: A prudent entry point is identified at 2.10644, aligning with the anticipated reversal from Point D. To mitigate risk, a stop loss is recommended at 2.10892, providing a safeguard against adverse price movements. Take Profit Targets: Several take profit levels are proposed to capitalize on the anticipated bearish momentum: TP-1: 2.10430 TP-2: 2.10165 TP-3: 2.09936 TP-4: 2.09692 Rationale: The selection of take profit levels is based on technical analysis principles, incorporating support levels and projected price movements. These targets aim to capture potential price retracements and maximize profit potential within the anticipated bearish trend. Risk Management: Effective risk management is imperative in forex trading. By adhering to the specified entry and stop loss levels, traders can maintain discipline and mitigate potential losses. Additionally, monitoring price action and adjusting stop losses accordingly can further enhance risk management strategies. Conclusion: In conclusion, the technical analysis of GBPNZD suggests a favorable opportunity for short positions based on the emerging Anti-Butterfly Harmonic Pattern. With strategic entry and exit points, along with comprehensive risk management, traders can optimize their trading approach and potentially capitalize on the projected bearish momentum. This analysis is provided for informational purposes only and should not be construed as financial advice. Traders are encouraged to conduct their own research and consult with a qualified financial advisor before making any trading decisions.
Short
by trading_jupiter
GBPNZD - Long from support zone ✅Hello traders! ‼️ This is my perspective on GBPNZD. Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the imbalance lower and then to reject from support zone for a potential long. Fundamental news: Upcoming week on Tuesday we will see results of Unemployment Rate on NZD. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
GBPNZD Analysis🏃‍♂️ GBPNZD is moving in a Descending Channel and broke the Uptrend line and 🟢 Support zone(2.077 NZD-2.073 NZD) 🟢. 🔔 After completing the pullback , I expect GBPNZD to decline to at least the 🟢 Support zone(2.060 NZD-2.056 NZD) 🟢 and the lower line of the descending channel. British Pound/New Zealand Dollar ( GBPNZD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
1
GBPNZD I Strong GBP CPI Results I This could happen next...Welcome back! Let me know your thoughts in the comments! ** GBPNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
by BKTradingAcademy
GBP/USD Holds Below 1.2650, Signals Potential UptrendGBP/USD maintains its position below the lower boundary of the ascending regression channel, with the Relative Strength Index (RSI) exhibiting a sideways movement above the 50 level, indicating a potential uptrend in the near future. The level at 1.2780 (static level) is considered a temporary resistance before 1.2830 (the endpoint of the latest uptrend, highest point on December 28) and 1.2860 (midpoint of the ascending channel). On the flip side, support levels are situated at 1.2750 (lower limit of the ascending channel), 1.2710-1.2700 (Simple Moving Average 100 periods (SMA), static level), and 1.2670 (SMA 200 periods). The GBP/USD pair's dynamics suggest a cautious optimism, with attention focused on how the currency pair navigates the mentioned resistance and support levels. Traders will be monitoring the RSI for potential confirmation of the anticipated uptrend, while being mindful of key technical levels for potential shifts in market sentiment.
by AdmamTrade
GBPNZD H1 / FVG and OB take / looking for a SHORT TRADE ENTRY❗️Hello Traders! This is my idea related to GBPNZD H1. I see that OB and FVG were already taken and I expect a retracement until the resistance level. Consider this idea a good opportunity to execute a short trade. In case of confirmation of bearish sentiment, I will execute this trade. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
7 Dimension Analysis For GBPNZD Yearly: The market is entrenched in a multi-year downtrend. Despite yearly structure breakouts, rejections from the CIP level have been consistent, indicating strong resistance. The failure to breach upper yearly resistance suggests substantial selling pressure. A post-breakout bearish buildup implies a high likelihood of further downside in the coming years. Monthly: A shift from a bullish to a bearish character is evident. Strong resistance rejections, particularly marked by a classic doji in August 2023 within a blue-box-highlighted area, indicate significant downward potential. The momentum flow in August 2023 adds conviction to the bearish scenario. Weekly: While the weekly chart shows some sideways movement, the current positioning lacks clarity. Further examination is required for a comprehensive view of the market dynamics. 😇7 Dimension Analysis Time Frame: Daily Swing Structure: Bearish Structure Behavior: Choch 50% Swing Move: Impulsive Inducement: Done; high is confirmed Pull Back: 1 Internal Structure: Bearish Ext OB: Unmitigated Resistance: Found at the FVG area, with demand formed and three proper IFC rejections. Time Frame Confluence: Daily Pattern Chart Patterns: A rounding triple top within a green rectangle indicates a bearish breakout, signaling the end of the corrective move. Candle Patterns: Inside, with a Harami on Friday close. Volume Fixed range volume indicates a strong seller presence. Significant bearish volume is observed at the green rectangle. During the cycle, only one bearish candle had a significant impact on price. Momentum RSI Zone: Sideways Range shift: Not clear but oscillating between sideways to bearish. Divergence: A hidden bullish divergence suggests the potential for short-term bullish momentum. Overbought sold rejections count: 1, with a bullish divergence. Volatility Bollinger Bands The middle band is below, indicating a bearish trend. Expansion suggests a short-term sideways zone. Just finished a walking on the band. Strength According to ROC Values: -0.37 GBP vs. 3.5 NZD, indicating NZD's strength. Sentiment High selling sentiment according to all the studies. ✔️Entry Time Frame: H1 ✅Entry TF Structure: Bearish ☑️Current Move: Impulsive is starting. ✔Support Resistance Base: Extreme supply area. ☑️Candles Behavior: Rally-based drop, Momentum. ☑️Trend Line Marked: Waiting for breakout. 💡Decision: Ready for sell 🚀Entry: 2.046 ✋Stop Loss: 2.0602 🎯Take Profit: 1.9750 2nd If Internal Structure change also Exit 3rd trendline breakout, Fomo 😊Risk to Reward Ratio: 1:5 🕛Expected Duration: 15 days SUMMARY: The analysis reveals a strongly bearish sentiment in the market. The yearly and monthly perspectives provide a broader context, while the daily analysis points to an imminent impulsive move. The entry strategy aligns with the overall bearish outlook, with a clear risk-to-reward ratio and an expected duration of 15 days.
Short
by Optimum369
2
GBP/USD Rises to 1.2800 on Weakness in the US DollarGBP/USD has rebounded and climbed above the 1.2750 level after dipping to 1.2700 earlier in the day. The US Dollar struggled to find demand in the US trading session as the latest data showed a slight slowdown in the year-on-year PPI in December. GBP/USD remains above the lower limit of the ascending regression channel, with the Relative Strength Index (RSI) moving flat above 50, indicating a potential upward trend. The level at 1.2780 (static level) is considered a temporary resistance before 1.2830 (end point of the latest upward trend, highest level on December 28) and 1.2860 (midpoint of the ascending channel). On the flip side, support levels are at 1.2750 (lower limit of the ascending channel), 1.2710-1.2700 (Simple Moving Average 100 periods, static level), and 1.2670 (Simple Moving Average 200 periods).
by AdmamTrade
"GBP/USD Forecasted to Reach 1.3500 in 2024"In a recent note, the global FX head at Goldman Sachs has indicated that GBP/USD is poised to extend its upward momentum to reach 1.3500 in the coming year. Citing correlations with stocks and alleviated concerns about global recession, GBP exhibits a "positive and reliable relationship with higher stock prices." The recent strength of the British pound is attributed, in part, to the broad weakening of the U.S. dollar. However, since early November, the pound has also demonstrated strength based on trade-weighted fundamentals, performing exceptionally well in a moderately volatile interest rate environment and amid rising stock prices. The outlook since November has been promising, and expectations are for further gains in the upcoming year. This is why Goldman Sachs believes that the British pound has considerable room for appreciation as the market embraces the 'soft landing' perspective. Upcoming elections are likely to encourage additional fiscal support while easing trade tensions with the EU. Both factors are expected to contribute to domestic growth, mitigating the risk of a recession and bolstering the British pound. As we anticipate the unfolding of 2024, the projections for GBP/USD remain optimistic, driven by a combination of global economic dynamics, domestic factors, and a supportive political landscape. Investors and traders alike will be closely watching these developments as they navigate the foreign exchange market in the coming year.
by AdmamTrade
"GBP/USD Forecasted to Rise to 1.3500 in 2024"In a recent update, the global FX head at Goldman Sachs has predicted that GBP/USD is poised to extend its upward momentum to reach 1.3500 next year. Citing correlations with stocks and easing concerns about global recession, Goldman Sachs notes that GBP has a "reliable positive relationship with higher stock prices." The recent surge in the British pound is partly attributed to the broad weakness of the US dollar. Since early November, the pound has also strengthened based on trade-weighted grounds, showcasing resilience in an environment of moderate interest rate volatility and rising stock prices. Goldman Sachs anticipates more of the same in the coming year, asserting that the British pound has ample room for appreciation as the market embraces the notion of a "soft landing." The upcoming elections are likely to both encourage additional fiscal support and alleviate some trade conflicts with the EU. Both outcomes are expected to bolster domestic growth, mitigate the risk of recession, and further support the British pound. As we approach 2024, the forecast for GBP/USD looks optimistic, driven by a combination of global economic factors and domestic political developments. Investors will be keenly observing the unfolding dynamics in the currency markets as the British pound aims for new heights against the US dollar.
by Larissa-Trader