GBPNZD Bearish Breakout!
HI,Traders !
GBP-NZD is trading in a
Downtrend and the pair
Broke out of the bearish
Flag pattern so we are
Bearish biased and we
Will be expecting a
Further move down !
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NZD (New Zealand Dollar)
GBPNZD Is Going Up! Buy!
Here is our detailed technical review for GBPNZD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2.174.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.200 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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NZD/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
Bearish trend on NZD/JPY, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 87.200.
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NZD/CHF "Kiwi vs Swissy" Forex Market Heist Plan on Bullish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the NZD/CHF "Kiwi vs Swissy" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉
Entry 📈 : Traders & Thieves with New Entry A bull trade can be initiated on the MA level breakout of 0.51300.
However I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level.
Goal 🎯: 0.52100 (or) Escape Before the Target
Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Fundamental Outlook 📰🗞️ the NZD/CHF is expected to move in a bullish direction.
REASONS FOR BULLISH TREND:
New Zealand's Economic Growth: New Zealand's economy is expected to grow at a faster pace than Switzerland's, driven by a strong labor market, increasing consumer spending, and a rebound in the dairy sector.
Interest Rate Divergence: The Reserve Bank of New Zealand (RBNZ) is expected to keep interest rates steady, while the Swiss National Bank (SNB) is expected to maintain its negative interest rate policy, which will lead to a widening of the interest rate differential between the two currencies.
Commodity Prices: New Zealand is a major commodity exporter, and the recent increase in commodity prices, such as dairy and meat, is expected to boost the country's export earnings and support the NZD.
Swiss Franc Safe-Haven Status: The Swiss Franc is often considered a safe-haven currency, but its safe-haven status is expected to be challenged by the strengthening of the US Dollar and the Euro, which will lead to a decrease in demand for the CHF.
Technical Analysis: The technical analysis for NZD/CHF is currently bullish, with the price trading above its 50-day and 200-day moving averages.
Fundamental Valuation: The NZD/CHF is currently undervalued based on fundamental valuation models, such as the Purchasing Power Parity (PPP) model, which suggests that the currency pair is due for a correction.
Market Sentiment: The market sentiment for NZD/CHF is currently bullish, with many traders and investors expecting the currency pair to rise.
Seasonal Trends: The seasonal trends for NZD/CHF are currently bullish, with the currency pair typically rising during the summer months.
MARKET SENTIMENT:
Bullish Sentiment: 60%
Bearish Sentiment: 30%
Neutral Sentiment: 10%
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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I'll see you soon with another heist plan, so stay tuned 🫂
NZDCAD Trade RecapA short position I took the beginning of last week for a breakeven. Top down analysis explained in the video and also my reasons for the weighted timeframe entry in combination with the management decision.
FX:NZDCAD - Breakeven
BUY NZD/CHFTrade Recommendation: NZD/CHF
🟢 Action: Buy
Entry Point: 0.5210
Target: 0.5350
📊 Trade Details
Detail Value
Currency Pair NZD/CHF
Action Buy
Entry Point 0.5210
Target 0.5350
Stop-Loss Level 0.5150
📌 Trade Rationale
Technical Analysis:
Support level at 0.5210
Resistance level at 0.5350
Fundamental Analysis:
Positive economic indicators for NZD
Market sentiment favoring NZD over CHF
📈 Visual Chart
(Include a visual chart here showing the entry point, target, and stop-loss levels. For now, a placeholder text can be used if the chart is not available.)
GBP_NZD MOVE DOWN AHEAD|SHORT|
✅GBP_NZD is trading in a
Local downtrend and the pair
Made a pullback and a retest
Of the horizontal resistance
Of 2.1900 and is going down
Already so we are bearish
Biased and we will be expecting
A further bearish move down
SHORT🔥
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EUR NZD H4 SELL It is a good position. When the price can break the yellow range with strength, it is expected to reach the sell target.
NZDCAD Potential DownsidesHey Traders, in the coming week we are monitoring NZDCAD for a selling opportunity around 0.81100 zone, NZDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.81100 support and resistance area.
Trade safe, Joe.
GBPJPY NEXT WEEKThe only thing we can be almost sure of for now ;
some zigzag, with a rising RSI and a growing divergence meaning the coming fall.
It could go a little higher before falling, but it is to fall at some point.
NZDJPY | 16.01.2025BUY 87.200 | STOP 86.750 | TAKE 87.650 | From support intraday correction up moving.
GBP-NZD Local Short! Sell!
Hello,Traders!
GBP-NZD is making a bullish
Pullback towards the broken
Key level which is now a resistance
Of 2.1910 from where we will
Be expecting a local bearish
Move down
Sell!
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Check out other forecasts below too!
17.01.25 Morning ForecastPairs on Watch -
OANDA:XAGUSD
FX:GBPNZD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
GBP/NZD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
GBP/NZD is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 2.168.
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GBPNZD What Next? BUY!
My dear followers,
I analysed this chart on GBPNZD and concluded the following:
The market is trading on 2.1777 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2.1956
Safe Stop Loss - 2.1676
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
! REALLY NOT SURE ABOUT THIS ONE ! GBPJPY FALLINGSince there are no indicators except for the RSI, it would seem logical with the current drawdown and divergence for the price to keep falling ;
however there's nothing sure about this, it is just an arrow showing the potential direction,
we'll update if we get more info
GBPUSD BACK UPAfter a liquidation by going that low, GBPUSD is ready to go back up.
The two blue accumulation areas attract the price higher, first at the middle zone then at the higher zone.
The hard blue KL under the current price shows a break under this level is tough to imagine, so there's really only one way and it is up.
Falling towards pullback support?The Kiwi (NZD/USD) is falling towards the pivot which has been identified as a pullback support and could rise to the pullback resistance.
Pivot: 0.5586
1st Support: 0.5543
1st Resistance: 0.56567
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPNZD SHORTS MOREGBPNZD have been bearish for a while and I am looking forward to continue with the trend. I expect a third touch to the top trendline or a double top formation as an override depending on how reacts on the zone. The third touch will be more preferable for me, with 2.17015 as first target and 2.14440 as the second target.
NZD_JPY RISKY LONG|
✅NZD_JPY is set to retest a
Strong support level below at 86.800
After trading in a local downtrend from some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above at 87.800
LONG🚀
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Falling towards overlap suppoprt?NZD/USD is falling towards the support level which is an overlap support that is slightly above the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.5600
Why we like it:
There is an overlap support level that is slightly above the 50% Fibonacci retracement.
Stop loss: 0.5578
Why we like it:
There is a pullback support level that is slightly below the 61.8% Fibonacci retracement.
Take profit: 0.5641
Why we like it:
There is an overlap resistance level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Bearish drop?GBP/NZD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 2.1897
Why we like it:
There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 2.2076
Why we like it:
There is an overlap resistance level that is slightly above the 50% Fibonacci retracement.
Take profit: 2.1671
Why we like it:
There is an overlap support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
