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British Pound vs New Zealand Dollar

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GBPNZD.P trade ideas

GBPNZD next move(expecting bearish move)(mid term)(06-09-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the mid term (06-09-2024) Current price- 2.11500 "if Price stays below 2.12000, then next target is 2.10800 and 2.10000 and above that 2.12500. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk more than 1% of principal to follow any position. Support us by liking and sharing the post.
by AnupZiddi
2
GBPNZD Bearish DivergenceThe market has responded to a bearish divergence on the 1H chart, leading GBPNZD to pull back from a key resistance zone. After reaching the strong resistance level of 2.12700, the market formed a daily long-tailed bar, signaling a rejection of that level. Given the overall bearish trend and the appearance of a large bearish candle, the market is likely to continue pulling back toward support levels. It may drop further from the resistance zone and potentially break out of the upward channel as it aims to test those support areas. The target is the support level around 2.10500
Short
by RTED_Investing
Lingrid | GBPNZD: bearish DIVERGENCE the RESISTANCE zoneThe price perfectly fulfills my last idea. It hit the target. The market has reacted to a bearish divergence on the 1H chart, causing OANDA:GBPNZD to bounce off a significant resistance zone. Having reached a strong resistance level, the market created a daily long-tailed bar before pulling back, which indicates rejection of that level at 2.12700. Given the overall bearish trend and the formation of a large bearish candle, it is likely that the market will pull back toward support levels. I expect the market to move down from the resistance zone, potentially breaking out of the upward channel as it seeks to test those support levels. My goal is a support level of around 2.10500 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
3
Buy OpportunityCurrency Pair: GBPNZD (British Pound / New Zealand Dollar) Entry Price: 2.12230 Take Profit 1: 2.13373 Take Profit 2: 2.15644 Stop Loss: 2.11034 Technical Analysis Current Market Conditions: Trend Analysis: Assess the current trend on the daily and hourly charts. Look for higher highs and higher lows to confirm an uptrend. If the overall trend is bullish, this supports the buy position. Support and Resistance: Identify key support and resistance levels. Ensure that the entry price is positioned favorably relative to these levels. Technical Indicators: Moving Averages: Check for alignment with the moving averages (e.g., 50-day and 200-day MAs). A bullish crossover can be a positive signal. Relative Strength Index (RSI): Monitor the RSI to ensure the currency pair is not overbought or oversold. An RSI level around 50 is generally neutral. MACD: Confirm if the MACD line is above the signal line, indicating bullish momentum.
Long
by GODOCM
GBPNZD short tradelet’s dive into a bearish technical analysis of the GBPNZD H4 chart. Bearish Indicators: Trend Analysis: The overall trend on the H4 chart has recently shifted from bullish to bearish1. This is indicated by a series of lower highs and lower lows forming on the chart. Moving Averages: The price is trading below the 50-period and 200-period Exponential Moving Averages (EMAs), which is a strong bearish signal2. Relative Strength Index (RSI): The RSI is currently below 50, suggesting bearish momentum2. If it continues to drop towards the oversold region (below 30), it could indicate further downside potential. MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, and both are below the zero line, which confirms the bearish trend2. Support and Resistance Levels: The price is approaching a key support level around 2.1100. A break below this level could lead to further declines1. Candlestick Patterns: Recent candlestick patterns, such as bearish engulfing patterns, have been observed, indicating strong selling pressure1. Potential Bearish Targets: First Target: 2.1100 (near-term support level) Second Target: 2.0950 (next significant support level) Risk Management: Stop Loss: Consider placing a stop loss above the recent swing high to manage risk effectively.
Short
by Mansa_Musa_Capital
GBPNZD Will Go Down! Sell! Take a look at our analysis for GBPNZD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 2.120. The above observations make me that the market will inevitably achieve 2.110 level. 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
GBPNZD(Short)Turtle soup and Smart Money Concept Trading Strategy The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend. Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts. ENTRY :- SELL -Above opening price (daily) BUY - Below opening price (daily) STOPLOSS :- above or below recent swing High 1st TARGET :- Book profit 50% 2nd TARGET :- Book profit 25% 3rd TARGET :- Book profit 25% Consisitency and hard working is the key of success. KEY OF SUCCESS :- *) Buy below opening price of Daily Candle AND Sell above opening price of Daily Candle. *) Do not take risk more than 1% of Equity. *) Take Profite Should be More then 2% of Equity . *) Book 50% profit of running trade first and remaining 50% hold for long term.
Short
by fxdemy2925
GBPNZD (Short)Turtle soup and Smart Money Concept Trading Strategy The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend. Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts. ENTRY :- SELL -Above opening price (daily) BUY - Below opening price (daily) STOPLOSS :- above or below recent swing High 1st TARGET :- Book profit 50% 2nd TARGET :- Book profit 25% 3rd TARGET :- Book profit 25% Consisitency and hard working is the key of success. KEY OF SUCCESS :- *) Buy below opening price of Daily Candle AND Sell above opening price of Daily Candle. *) Do not take risk more than 1% of Equity. *) Take Profite Should be More then 2% of Equity . *) Book 50% profit of running trade first and remaining 50% hold for long term.
Short
by fxdemy2925
1
GBPNZD → Realization (distribution) phase. Target 2.065FX:GBPNZD is in the phase of realization of the previously accumulated potential (descending triangle), at the moment a counter-trend correction is formed, directed to the liquidity area. The fall may continue. The currency pair entered the range of 2.117 - 2.095. The lower boundary and the liquidity area have not been tested yet, so the potential target is still valid. The counter-trend correction is due to the counter-trend growth of the dollar against the main basket of currency pairs. On H4, there is a conglomerate of strong resistances ahead, which may prevent the price from the first time, accordingly, a false breakdown and further decline should be considered. Resistance levels: 2.11, 2.113, 2.12. Support levels: 2.098, 2.085 The breakdown of the structure, character and the formed confirmation of the bear market indicates that the counter-trend correction can be stopped from the liquidity pool area, so the downward movement can be continued from the mentioned resistance Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPNZD ;) Regards R. Linda!
Short
by RLinda
4
GBPNZD is in Selling Direction after testing TrendlineHello Traders In This Chart GBPNZD 4 HOURLY Forex Forecast By FOREX PLANET today GBPNZD analysis 👆 🟢This Chart includes GBPNZD market update) 🟢What is The Next Opportunity on EURNZD 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
Short
by ForexMasters2000