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British Pound / New Zealand Dollar

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GBPNZD trade ideas

GBP/NZD Approaching Key Demand Zone – Long Opportunity Ahead?Fundamental Analysis The British Pound (GBP) remains supported amid hawkish sentiment surrounding the Bank of England's monetary policy, while the New Zealand Dollar (NZD) faces pressure from subdued commodity demand and a cautious Reserve Bank of New Zealand stance. With key upcoming events such as UK GDP data and New Zealand’s trade balance, market volatility could rise, but GBP's current resilience provides a bullish bias. Technical Analysis GBP/NZD is approaching a strong demand zone near 2.185, which aligns with the 0.618 Fibonacci retracement level. Here are the conditions for the trade setup: - Entry: Look for buying pressure and bullish candlestick confirmation around the 2.185 demand zone. Avoid entering blindly when price first reaches this level. - Stop Loss (SL): Place the SL below the demand zone at approximately 2.165 to account for potential false breakouts. - Take Profit (TP): Target the 2.2440 resistance zone as the first profit level, with a potential extension toward 2.2760 if momentum continues. - Risk Management: Ensure proper position sizing, risking no more than 1-2% of your trading account on this setup. Don’t miss the updates on this trade! If you follow me, you’ll get notified when I enter, my take-profit levels, and any adjustments to the setup as the market evolves. I also share tips to improve your trading strategy and manage risk effectively. Hit that follow button! :-)
Long
by zito82
GBPNZDRemember, when I was doing this analysis and setting the high target, the environment I was working in did not allow for such an ambitious idea that the parity rate in the GBPNZD symbol would even come close to my desired price range!! I must say that since the date of the analysis, this symbol has grown by 800 pips and the final target shows a range of 1600 pips! Finally, I must say that in my opinion, the current downward fluctuations are a good situation for a BUY position for the desired goals.
by MJrezaei2
GBP/NZD 4H Timeframe AnalysisGBP/NZD 4H Timeframe Analysis Trend Analysis On the 4-hour chart, GBP/NZD is in a short-term downtrend, having recently broken below the minor key support at 2.19900. After this break, the price formed several Doji candles, indicating market indecision. This suggests the price may be temporarily pausing and gathering momentum for the next move. We expect the price to retrace upward to break the 2.19900 minor resistance, grabbing liquidity before continuing the bearish momentum. Price Action Expectation Our objective is to wait for the price to break above 2.19900, form liquidity, and then reverse back below this level. Once the price breaks below the minor support again, it will confirm a continuation of the downtrend, providing an opportunity for a short position. Fundamental Correlation Traders should be mindful of economic releases or events affecting GBP or NZD, as they could impact market volatility and influence the pair's price movement. Trade Setup Trade Type: Sell Stop (Breakout Trade) Entry: 2.19770 (on confirmation of a break below support) Stop Loss: 2.20370 (above the recent high to account for false breakouts) Take Profit: 2.18440 (next significant support level) Conclusion: GBP/NZD is set for a potential bearish continuation, with the break-and-retest scenario aligning with the downtrend structure. Liquidity above 2.19900 may act as a catalyst for the next downward move. Wait for confirmation of the break below 2.19900 before entering a short position. Risk Management Ensure a disciplined approach with a 1:2 risk-to-reward ratio. Position sizes should be calculated to align with your account equity. Monitor real-time price action closely, especially around critical levels, to validate or invalidate the setup.
Short
by RebornFXTrader
Technical Analysis and Trade Setup for GBPNZDThe forex pair GBPNZD is currently trading at a price of 2.2000, with a target price set at 2.3000, indicating a potential gain of 500+ pips. This suggests a bullish outlook for the pair, as it is expected to appreciate in value. The analysis highlights that the pair is showing a good bounce from a key support level, which often signals a reversal or continuation of an upward trend. However, the trader is exercising caution by waiting for confirmation before entering the trade. This confirmation could involve technical indicators, price action patterns, or fundamental factors aligning with the upward movement. Such an approach helps minimize risk and improve the probability of success. The trade setup relies on the strength of the support level and market sentiment favoring the pound over the kiwi. Proper risk management and adherence to a trading plan are essential when executing this strategy.
Long
by AndrewsMarket-Mastery
1
Why I prefer to SELL GBPNZD over GBPAUD - Explained in detail!!!Trader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button. We are proud to be an OFFICIAL Trading View partner so please support the channel by using the link below and unleash the power of trading view today! www.tradingview.com
Short
by Simply-Forex
3
Bearish drop?GBP/NZD is reacting off the resistance level which is an overlap resistance and could drop from this level to our take profit. Entry: 2.2060 Why we like it: There is an overlap resistance level. Stop loss: 2.2191 Why we like it: There is an overlap resistance level. Take profit: 2.1898 Why we like it: There is an overlap support level that aligns with the 50% Fibonacci retracement. 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.
Short
by VantageMarkets
GBP/NZD: Bullish Setup After Correction to the Golden ZoneWelcome back! Let me know your thoughts in the comments! ** GBPNZD Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
Long
by OGT_Forex
2
GBPNZD Trading Opportunity! BUY! My dear subscribers, My technical analysis for GBPNZD is below: The price is coiling around a solid key level - 2.2036 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 2.2185 My Stop Loss - 2.1959 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 ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Sell GBP/NZD Bearish FlagThe GBP/NZD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2.1994 2nd Support – 2.1920 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
6
Weekly CLS, Key level - Daily FVG +Ob, Model 1, Bullish OFWeekly CLS, Key level - Daily FVG +Ob, Model 1, Bullish OF you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by Dave-Hunter