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British Pound / New Zealand Dollar

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GBPNZD trade ideas

GBPNZD is ready to push againNo comment needed. All information is in the chart analysis. Steps to follow: Analyze yourself. Take the position with SL and Take Profits. Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :) Get the result. I will update the trade every day. Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger! Good trades, Traders! The golden bear
Short
by thegoldenbear
GBPNZD Sell Limit: Shorting from Key Resistance at 2.2590📉 GBPNZD: Sell Limit Trade Idea (Intraday) Published: 27/03/2025 16:06 | Expires: 28/03/2025 15:00 Overview Trading Bias: Mixed and volatile, with a preference to sell into rallies. Market Context: GBPNZD has been showing short-term volatility, with the RSI trending higher, indicating potential for a temporary move upward before resuming the downtrend. Trade Details Entry (Sell Limit): 2.2590 Stop Loss: 2.2650 (-60 pips) Take Profit: 2.2350 (+240 pips) Risk/Reward Ratio: 4:1 Key Levels Resistance Levels: R1: 2.2590 (Bespoke resistance, preferred entry point) R2: 2.2620 R3: 2.2680 Support Levels: S1: 2.2450 S2: 2.2400 S3: 2.2330 Rationale Preferred Setup: We expect a temporary rally into resistance at 2.2590, providing a favorable entry point to initiate short positions. Momentum: While RSI indicates higher momentum in the short term, this aligns with a corrective rally rather than a sustained bullish move. Volatility Risks: Key UK economic events (retail sales figures and national accounts) on 28/03/2025 at 07:00 GMT could trigger significant price swings. Traders should closely monitor these data points. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by Signal_Centre1
GBPNZD: Fractured Ascent Signals Potential ReversalGBPNZD 4-hour chart reveals a compelling narrative of a weakening bullish trend potentially poised for a significant reversal. The pair's recent price action exhibits characteristics of a rising wedge pattern, a formation often indicative of an impending downside breakout. Key Technical Observations: Rising Wedge Formation: The converging trendlines point to a potential exhaustion of the upward momentum. The upper trendline has seen repeated rejections, suggesting a lack of sustained buying pressure. Critical Support Level: The 2.25359 level is acting as a crucial support zone. A decisive break below this level would confirm the wedge breakdown and likely trigger a sharp bearish move. Resistance Zone: The area around 2.27505 represents a significant resistance zone. Failure to break above this level reinforces the bearish outlook. Potential Downside Targets: The chart indicates potential targets at 2.22934 and the low of 2.16774. These levels could act as significant support zones during a potential downtrend. Trading Implications: Short Entry Consideration: Traders should closely monitor the price action for a decisive break below the 2.25359 support. A confirmed breakdown could signal a strong short entry opportunity. Stop-Loss Placement: A prudent stop-loss should be positioned above the recent swing high or the upper trendline of the wedge to mitigate risk. Risk Management: Given the potential for increased volatility during a breakout, sound risk management is paramount. Considerations: Confirmation of Breakdown: A break below the 2.25359 support should be accompanied by strong bearish momentum and ideally, an increase in trading volume to validate the signal. Fundamental Factors: Upcoming economic data releases from both the UK and New Zealand should be closely monitored, as they could significantly impact the pair's price action. Conclusion: The GBPNZD chart presents a compelling case for a potential bearish reversal. The rising wedge pattern, coupled with the critical support at 2.25359, suggests a high probability of a downside breakout. Traders should exercise caution and await confirmation of the breakdown before initiating short positions. Effective risk management is crucial to navigate the potential volatility associated with this trade setup.
by ultreosforex
GBPNZD Will Grow! Long! Here is our detailed technical review for GBPNZD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 2.253. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2.277 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBPNZD is in Selling DirectionHello 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
Long
by ForexMasters2000
GBP/NZD BEARS ARE STRONG HERE|SHORT Hello, Friends! GBP/NZD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 5H timeframe the pair is going up too. 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 2.240 area. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
GBP/NZD Short Setup AnalysisGBP/NZD 4H Trading Analysis – Bearish Setup 📉 Potential Short Opportunity 🔹 Structure Breakdown: The market broke a rising wedge pattern, signaling a potential downtrend. Price has retraced to key Fibonacci levels, providing a possible entry for short positions. 🔹 Fibonacci Levels: 61.8% (2.2565) 71% (2.2609) 78.6% (2.2648) These levels act as resistance zones where sellers may step in. A rejection from this area could confirm further downside movement. 🔹 Entry & Confirmation: Ideal short entry: 2.2565 - 2.2609 zone (Fibonacci resistance) Stop Loss: Above 2.2750 (100% Fib level & structure high) Target 1: 2.2200 (-27% Fib extension) Target 2: 2.1963 (-61.8% Fib extension) 🔹 Confluence Factors: ✅ Retest of previous support-turned-resistance ✅ Bearish momentum following the wedge breakdown ✅ Fibonacci retracement aligning with resistance
Short
by RSTrad1ng
1
GN update correctionRecent data from Forex Factory indicates that the British Pound (GBP) is under pressure due to weak domestic economic figures and prevailing uncertainty. In contrast, the New Zealand Dollar (NZD) is benefiting from robust commodity-related fundamentals. The latest Commitment of Traders (COT) report reveals that large speculators have been reducing their net-long positions in GBP futures, signaling a bearish sentiment toward the pound. Combining these factors, the near-term outlook for GBP/NZD appears bearish. Traders should monitor key support levels, as a breach could lead to further declines. However, any unexpected positive developments in UK economic data or shifts in global risk sentiment could provide temporary support for the pair. Expecting Long first then short
Short
by D_Virtual