GBPNZD TRADE UPDATE "Update on GBPNZD: Trading is about patience. We accurately predicted the movement and direction, but we didn't receive our pullback confirmation, which means we shouldn't enter a trade. It's important not to make impulsive decisions. It happens, but all we need to do is move on to the next trade."
GBPNZD trade ideas
GBPNZD SELL signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Why GBPNZD Longs are just getting started
I wrote about a turnaround for GBPNZD about 10 days ago, buyers could be seen coming back into the pair. Then I went back a few months to the last bears-rally passed back to the bulls in GBPNZD and it could be seen that is was a fast and clean transition back to the bulls.
So I have not looked at the chart much lately, until of course today. But here is why I bought back in after taking all profits recently;
The MACD Daily, the best one for reliability and these cross-ups are accurate but market-makers at the big banks know of their existence but of course price would never be manipulated by anyone to throw retail traders off the scent.
Anyway, you can see here in the daily chart the uptick in the volume analysis, yellow lines & then green lines still longer than previous, that all timed wonderfully well for the MACD crossing up to the sky's and my guess is soon price of GBPUSD will power across the triple top and beyond 2.20.
Finally, here are a couple more charts.
1HR and then Monthly
GBPNZD Wave Analysis 9 December 2024
- GBPNZD reversed from key resistance level 2.1840
- Likely to fall to support level 2.1600
GBPNZD currency pair recently reversed down from the resistance zone between the key resistance level 2.1840 (which has been reversing the pair from July) and the upper daily Bollinger Band.
The downward reversal from this resistance zone will likely form the daily Japanese candlesticks reversal pattern Shooting Star.
Given the strength of the resistance level 2.1840 and the overbought daily Stochastic, GBPNZD currency pair can be expected to fall toward the next support level 2.1600.
High probability for a bearish move in GBPNZD.Following the rules of the strategy, one could possibly notice that bears are in for a swing ride for the new week. A significant daily level has been taken out, now we wait for a minor retracement from lower timeframes for further continuation in bears favor.
What's Flowing: GBPNZD The GBPNZD pair is displaying strong bullish momentum, breaking out of consolidation zones with higher highs and higher lows forming. Key support levels are well-defined around the 2.14800 and 2.12600 regions, indicating strong buyer interest at these levels. On the resistance side, the pair is approaching critical zones near 2.18000, which may act as a short-term ceiling if bullish momentum begins to wane.
The moving averages are trending upward, and the price remains above key liquidity areas, signaling continued bullish control. However, if momentum stalls, watch for potential pullbacks toward the mid-range support at 2.16000 for re-entry opportunities.
Overall, GBPNZD appears to be flowing strongly to the upside, aligning with positive market sentiment for GBP against NZD. Traders should monitor upcoming news and events that could impact this flow and watch for signs of exhaustion near the resistance zones.
Great Trading Opportunity For GBPNZD!Wait for the price to retrace and reach the daily Area of Interest And Weekly (AOI)
Once it does, I will switch to lower timeframes and look for a Shift of Structure (SOS)
This presents a great trading opportunity.
Just be patient and allow the trade to come to you!
GBP_NZD WILL FALL|SHORT|
✅GBP_NZD is about to retest a key structure level of 2.1908
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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GBPNZD Will Go Lower! Short!
Take a look at our analysis for GBPNZD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 2.182.
The above observations make me that the market will inevitably achieve 2.171 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.
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GBPNZD: Bearish Continuation & Short Trade
GBPNZD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GBPNZD
Entry Point - 2.1703
Stop Loss - 2.1759
Take Profit - 2.1602
Our Risk - 1%
Start protection of your profits from lower levels
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Bullish momentum before the Interest Rate decision by RBNZTomorrow the 26th of November we have the RBNZ Interest Rate decision which it is 90% secure that they will decrease the interest rate from RBNZ with 0.25% , these twenty five basis points should be enough for us to see a Bullish swing trade generated on the GBP/NZD
Current Position would be with two Take profits
First level - 2.15400
Second level - 2.16100
GBPNZD - The pound, in relative peace!The GBPNZD currency pair is located between EMA200 and EMA50 in the 4H timeframe and has left its downward channel. In case of a downward correction, we can see demand zone and buy this currency pair in that zone with a suitable risk reward.
According to recent data, the UK’s economic indicators have shown various changes. M4 money supply, a key economic measure, has declined by 0.1%, compared to the previous figure of 0.6%. This drop may reflect reduced liquidity in the economy.
In the area of consumer credit, the Bank of England reported that this metric reached £1.098 billion, lower than the forecast of £1.3 billion and the previous figure of £1.231 billion. This may indicate a decline in consumer demand for credit.
Meanwhile, significant growth has been observed in the mortgage sector. Mortgage lending rose to £3.435 billion, surpassing the forecast of £2.7 billion and the previous figure of £2.541 billion. This increase suggests an improvement in the housing market and growing demand for mortgages.
Additionally, the number of approved mortgages reached 68,303, exceeding the forecast of 64,500 and the previous figure of 65,647. This growth further highlights increased confidence and momentum in the housing market.
Andrew Bailey, the Governor of the Bank of England, has addressed the financial and economic state of the UK, highlighting key concerns. He warned that price corrections could disrupt financing but expressed confidence that households and businesses would remain resilient against economic challenges.
He also predicted that the UK’s economic growth would continue “sustainably.” Bailey pointed to heightened global risks and uncertainties while emphasizing that there is no conflict between financial stability and economic growth. Additionally, he noted that geopolitical risks remain elevated.
According to Bloomberg and a CBI survey, tax pressures on UK businesses have caused a significant decline in the private sector. For the first time in two years, the budget has been identified as the main reason for reduced business activity.
Companies have warned that hiring plans are at their weakest level since the COVID pandemic. Business activity in the UK has been declining for the first time in over two years as firms reduced jobs and limited investments following the October budget. According to the Confederation of British Industry’s (CBI) monthly growth index, a £26 billion ($33 billion) increase in payroll taxes and prolonged uncertainty caused by a three-month wait for the next budget after the Labour Party’s decisive victory in the July 4 election have significantly impacted private sector sentiment.
The UK plans to review the design of its new labor survey in the spring. The Office for National Statistics (ONS) reported that overall employment levels are now 313,000 higher than before the COVID pandemic. The economic inactivity rate has decreased by 0.1% to 22.1%, while the unemployment rate has remained steady at around 4.2%. Employment rates for the period from April to June 2024 increased by 0.1%, reaching 74.6%.
Daily-chart reveals 1,000,000 different ideas for profit. GBPNZD
It's been a big bullish day in Asia for GBPNZD Longs, up over 0.5% today but I think so long as GBP financial news today is not disruptive for the pound, then I think we can be sure that this is the one to breakout and retest those highs 2.1880, we are only about 1% below that level.
GBPNZD MARKET ANALYSIS AND PRICE PREDICTION Based on analysis. GBPNZD has finished consolidation at the institutional renegotiation zone.
Decision taken in favor of the Bulls. Upward movement is the game. it will retrace a little to mitigate the broken renegotiation block to give the Bulls a perfect entry.
Entry , take profit and stop loss are clearly stated on the chat.
Good Luck Guys!