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Gbpnzdshort

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.
Short
by AhsanTufail
2
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.
Long
by forexplanet797
2
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!
Short
by Snick3rSD
GBPNZD to find sellers at market?GBPNZD - 24h expiry Previous support located at 2.0400. Previous resistance located at 2.0450. Price continues to trade within the triangle formation. A move through 2.0375 will confirm the bearish momentum. The formation has a measured move target of 2.0100. We look to Sell a break of 2.0390 (stop at 2.0460) Our profit targets will be 2.0220 and 2.0180 Resistance: 2.0450 / 2.0500 / 2.0550 Support: 2.0400 / 2.0375 / 2.0100 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.
Short
by VantageMarkets
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!
Long
by Snick3rSD
GBPNZD: Target 1 hit! 💗...What's next?As we can see from our last setup (see chart below) the FX:GBPNZD pair reached our first target around 2.0087, but at the same time, I don't rule out reaching our old Target 2 (now Target 1) around 1.9850 area. Technically speaking, the pair might develop something like an ABC Pattern as the main trend still remains bullish on intraday chart. PREVIOS ANALYSIS (Click and Play on Chart below) Trade with care! Like if my analysis is useful. Cheers!
Short
by TheAnonymousBanker
21
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
Short
by inv_market09
15