GBPNZD pushing upwards, work to do, volume also up 30min.
Here is a publication on GBPUSD I recently wrote but I mistakenly made it only available for subscribers.
Click the link right here below to read about GBPNZD.
GBPNZD trade ideas
GBPNZD BullishFundamental Analysis for GBPNZD
1. Exogenous Factors:
GBP Strength:
UK's economic data (e.g., GDP growth, interest rate policy, and BoE decisions).
Favorable economic conditions like inflation control and rising bond yields boost GBP.
NZD Weakness:
Weak performance in New Zealand's trade balance.
RBNZ's dovish monetary policy or slower GDP growth compared to the UK.
2. Endogenous Factors:
GBP Endogenous:
Bullish sentiment as per seasonal and historical data (e.g., increased activity in Q4 for GBP-related pairs).
Positive investor confidence driven by high employment data or policy clarity.
NZD Endogenous:
Seasonal trends show NZD might weaken during this period.
Export-driven economy potentially impacted by lower commodity demand globally.
3. Sentiment and Scoring:
Net positioning (e.g., COT report) shows GBP long positions dominating over NZD shorts.
Seasonality factors favor GBP strength over NZD during Q4 and early December.
4. Key Observations:
GBP's domestic resilience, alongside NZD's external vulnerabilities (e.g., trade dependencies), creates a bearish environment for GBPNZD.
Conditional scoring favors GBP over NZD as the dominant currency.
Technical Analysis for GBPNZD
The pair is respecting a descending channel. A potential breakout could signify bullish momentum if GBP strengthens further.
Support: Around 2.1420 (previous swing low).
Resistance: 2.1650 (upper channel line).
RSI: Close to 59, indicating bullish momentum but not overbought. Look for divergence at key levels.
Moving Averages: Identify whether SMA/EMA aligns with the trend for confirmation of the setup.
GBP-NZD Bullish Flag Breakout! Buy!
Hello,Traders!
GBP-NZD is trading in an
Uptrend and the pair is
Now breaking out of the
Bullish flag pattern so we
Are bullish biased now
And we will be expecting a
Further move up
Buy!
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GBPNZD Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for GBPNZD is below:
The price is coiling around a solid key level - 2.1547
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 2.1496
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
GBPNZD- Short IdeaThe Leading economic indicators and endogenous factors are decreasing for the pair GBPNZD, while exogenous factors are increasing. Both currencies are decreasing interest rates almost at the same pace. COT report shows that net non-commercial positions are decreasing in both currencies. But the NZD has the edge over GBP as seasonality supports the bearish trend of GBPNZD as December is the risk-on month and NZD is a risk-on currency.
However, If we look technically GBPNZD is in a bearish trend but currently, it is playing a range. So, according to our bias, we will only look for the sell setups.
gbpnzd BREAOUT to upsidse. Over dueThis descending flag has been downtrend for a while. My sentiment is that it is going break out right about now.
GBPNZD Short - 3 DecOverall price is bearish. Price reached POI/Supply zone.
M15 Shows bearish price action.
Shorting it to a new low when price is at H4 Premium Area.
GBPNZD Short Side Trade PlansContinuous short side downtrend persisting, re-short areas hit.
Any further NZD strength may incur pulls. No big diff between Monetary approach.
GBP/NZD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GBP/NZD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 9H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 2.138 area.
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gbpnzd flag formationgbpnzd has been in an uptrend since the end of 2023, and has formed a flag formation on the 4-hour chart. If broken, it will rise to 2,185.
GBPNZD is in Selling Direction Hello 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 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
Pushing up hard right now. GBPNZD. Buy for huge profits
GBPNZD has not crossed up hard with buyers as its renowned for this pair, since around the end of October.
Look at the bullish candle and tail showing the flush of buying right now in this 1hr candle.
Standby.
GBPNZD BULLISH BIAS 1/12/2024Prices have pulled back to the 50 EMA on the daily chart, where there are numerous long lower wicks. This indicates that buyers have reacted and are preventing prices from falling below the 50 EMA.
This area aligns as a confluence point since it represents former resistance turned new support and coincides with the Fibonacci 0.382 level.
The Anchored Volume Profile also highlights this price level as the "Point of Control."
If a bullish engulfing candle forms, it would indicate positive momentum and could provide an opportunity to enter a trade.
GBP/NZD Game Changing Opportunity? Watch Closely!Primary Context
The chart displays a long-term structural analysis on the 12M (Yearly) timeframe, revealing a potential major market setup unfolding. Key areas of interest and decisive moves are clearly marked, showcasing a calculated roadmap for the pair's next moves.
Key Observations
The highlighted purple triangle illustrates an expanding structure with long-term corrective patterns completing their cycle.
Notice the marked (W), (X), (Y) waves, indicating a complex correction nearing its end.
Significant Zones
Sell Side Liquidity (SSL): This is a key liquidity zone (12M), where stop-loss clusters are likely placed by retail traders, providing an area of interest for potential reversal or further bearish continuation.
Buy Side BSL (Break of Structure Level): A potential trap zone where an early breakout could cause retail traders to chase moves prematurely, providing institutional players an opportunity for manipulation.
Equilibrium and Discount Levels
The 50% equilibrium zone highlights a critical balance point between buyers and sellers.
Premium and Discount Areas: Price is hovering near a potential discount zone, creating a favorable environment for long-term buyers looking to enter at value.
Current Market Position:
Point of Rejection
The recent move marks a potential failed new low on the 12M chart, which might serve as a protected swing low.
If this level holds, it could signify the formation of a major impulsive wave upwards.
Dealing Range
Current Weak High A recent high suggests the market is testing liquidity, leaving traders anticipating whether this will lead to a range breakout or a false move.
Future Scenarios
Bullish Case
If the low (around 1.67055) remains protected, expect the market to retrace upward toward the dealing range’s equilibrium (3.72210) or higher.
Confirmation will come from a break of internal BOS (Break of Structure) toward the upside.
Bearish Case
A sustained breakdown below 1.67055 invalidates the bullish view, opening the path for a continuation towards lower liquidity zones.
Traders should monitor for further signs of weakness or momentum shifts near critical levels.
Strategy Execution
For Buyers
Await a strong confirmation of support near 1.67055.
Target zones include the equilibrium (50%) and premium areas for profit-taking.
For Sellers
Look for liquidity sweeps or a rejection of weak highs, indicating exhaustion before entering short positions.
Use liquidity run areas (marked in purple) as guides for potential profit targets.
Key Takeaway
The GBPNZD chart is setting up for a highly strategic long-term move, with strong implications for traders looking to capture significant trends. Whether you're bullish or bearish, patience and alignment with liquidity zones are crucial for success.
GBPNZD: Poised for a Breakout?GBPNZD is currently forming a bull flag pattern, signaling the potential for an upward move in the near future.
GBPNZD, Cup and Handle FormationCup and Handle Formation
After cup completion, handle in progress
Currently trading in Rectangular channel
Bullish Divergence appeared
Weekly resistance is to break for new highs
Buy with Buystop on break of rectangle and weekly Resistance
Target Towards neckline on Cup and Handle
Stoploss below rectangular channel
WajaniTV AnalysisWith a strong resistance at level 4, coupled with the HL and LW as from 1-4, the bears are ready to push the market downward.
What are you thoughts?
GBP/NZD DIRECTIONGBPNZD market overall is bearish,in one hour we can wait for price to break our high low before starting to sell.
TradeCityPro | GBPNZD : Critical Levels and Market Momentum👋 Welcome to TradeCityPro!
In this analysis, I will review the GBPNZD currency pair on the daily timeframe.
⏳ Daily Timeframe: Higher Highs and Ascending Trendline
In the daily timeframe, the market is displaying higher highs and higher lows, indicating an uptrend. Along with this trend, an ascending trendline can be observed, to which the price has reacted three times so far.
🔼 Currently, after reaching the resistance at 2.18921, the market has entered a correction phase, with the price pulling back to the 2.11346 level. As long as the price remains above the trendline, I consider the market trend to be bullish.
📈 If the resistance at 2.18921 is broken, the uptrend is likely to continue, with the first target for this movement being 2.22652.
🔽 On the other hand, if the trendline is broken and the price breaches the 2.13682 or 2.11346 levels, bearish momentum will enter the market. In this case, the first target will be 2.06414, followed by the second target at 2.00732.
✨ The RSI oscillator is currently indecisive and fluctuating around the 50 level. The RSI trend in the near future could determine the market’s momentum.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
GBPNZDThis Weekly FORECAST
Opportunity for GBPNZD. This setup is my trading idea/plan, if you want to follow: trade at your own risk (TAYOR).
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
GBPNZDGBPCHF
This is my point of view today
Help me if there is a mistake
Or tell me your point of view
+100/+200 pips gbpnzd m20 short from resistance short-term🔸Hello traders, let's review the 20 minute chart for GN today. Price
contained withing sliding bear channel previously rejected multiple
times from overhead resistance.
🔸Currently expecting price to pump into overhead resistance and
complete a double top at 1610, that's the likely PRZ level.
🔸Previously rejected from overhead resistance, sequence of lower
highs in progress and expecting yet another rejection into double top
and also re-action with the bear channel.
🔸Recommended strategy for GN traders: short sell high at 1610 SL 50
TP1 +100 pips TP2 +200 pips final exit at 1400. good luck traders!
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Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
GBPNZD_SHORT OPPORTUNITYGBPNZD will show a Bearish Trend based upon the factors mentioned in the chart on Technical and Fundamental basis.
