GBPNZD trade ideas
GBPNZDWe expect the pair to continue rising from the current levels. We are waiting for the correction to end and looking for an entry point to open a buy trade on the pair.
GBPNZD Will Go Lower! Sell!
Please, check our technical outlook for GBPNZD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 2.192.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2.165 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPNZD Bullish ReversalGBPNZD price seems to exhibit signs of Bullish Reversal on the lower timeframes as the price action forms a credible Higher High on key Fibonacci and Support levels.
Trade Plan :
Entry @ 2.19027
Stop Loss @ 2.1659
TP 1 @ 2.21458
TP 1 @ 2.23901
Move Stop Loss to Break Even if TP1 hits.
27.01.25 Morning ForecastPairs on Watch -
OANDA:JP225USD
TVC:USOIL
FX:GBPAUD
FX:GBPNZD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
GBPNZD FORECASTGuys I really love how this pair is looking like from the higher timeframe, everything is looking good and what I love most is structures how they have been developing, giving us the clear message that this price is pointing more to the downside.
This pair is in my today's watch list and I look it with a close eye to see how the market will be developing.
Buy GBPNZD for week of Jan 27thGBPNZD broke out of a downward wedge on Friday after positive GBP news, looking for this bullish momentum to continuein the upcoming week
GBPNZD Swing trade idea Hello Traders.
Following up on my early analysis on GBPNZD. Pair has tapped into my POI and internal structure has taken liquidity, i am now waiting for CH as an indication for Swing structure alignment.
GBP_NZD RISKY SHORT|
✅GBP_NZD is going up now
But a strong resistance level is ahead at 2.1918
Thus I am expecting a pullback
And a move down towards the target at 2.1800
SHORT🔥
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GBP/NZD - Weekly OutlookThis is an extremely strong Analysis for not just a Long Term Point of view but also a short term scale, let me explain.
Monthly/Weekly markets are both bullish. We can notice that price has reacted 3 times off a strong Weekly Imbalance. Price that makes 3 touches is considered a strong zone so now I would suggest we would have a final pullback off this zone before creating a new MSS in smaller time frames. We have market out the 50% level on the Fib to show our Discount zones before looking for any entry models.
So far on the Daily/4H we can see a large Bullish move but.. we are not sure whether this Bullish leg has actually just finished nor just started so we will have to wait and assess this Bullish Price action and adjust our Fib as the market move to work out our pull back points.
I have set up a strong Demand zone which does happen to be at our OTE right now but again this may change due to the Bullish movement not currently showing any sights of a pullback.
We only enter trade will the highest possibility's and currently this market is showing extremely strong signs of possible trade entry's but we still need to work out what those entries are.
Good luck to the traders that want to follow this market and would be interested in my entry model in this Market
GBPNZD Technical buy opportunity below the 1D MA50.Last time we looked into the GBPNZD pair (October 02 2024, see chart below), we issued a clear buy signal at the bottom of the long-term Channel Up, that easily hit the 2.1900 Target:
Yet again, the price got rejected at the top of the Channel Up and pulled-back where it is consolidating below the 1D MA50 (blue trend-line). In the 12 months of this pattern, this has always been an excellent technical buy opportunity, with the minimum immediate rally being +4.15%.
As a result, we feel confident buying this pair and target 2.2550.
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GBP/NZD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
We are going long on the GBP/NZD with the target of 2.235 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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Bounce up comingLooks like a triple bottom. That's a very conservative TP, I think is going higher but I'll close half of my position when it gets there. SL triggers if a daily candle breaks down the support and closes under it.
GBP/NZD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are now examining the GBP/NZD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 2.177 level.
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GBP/NZD - Trade Idea.Long for potential long positions at 2.1600.
Why?.. At this Phycological level we can see previously that we have had large buying pressure added at this level. To support this we can see multiple Imbalances left after price sky rocketed.
Currently price is falling will multiple market jumps insinuating the continuation of Bearish movements for the next few days.
I would like to see price come down into the Demand zone at the suggested level. This shows me price is at a Discounted Rate. As long as price respects the Previous Low then we are still Bullish on the Long Term.
Stop loss levels are below the Daily TF Imbalance. Im risking 130 Pips for 730 Pips in return.
Take Profit levels are taking out Buy Side Liquidity
GBPNZD LONGS (High risk)Weekly : Bullish. Price continuously making higher highs and higher lows.
Daily : Bearish. However, price is sitting at an important AOI which is also a psych level 2.17000. Also 3rd touch of bullish dynamic trendline
4h : Price is creating a tripple bottom but the structure is bearish. Price is retesting a broken dynamic bearish trendline
GBPNZD longBreakout of triangle (break and test) and there is strong support in Murray Line 2. The goal Murray line 4.
Good luck
GBPNZD - The pound, at peace?!The GBPNZD currency pair is below the EMA200 and EMA50 in the 4-hour timeframe and is trading in its ascending channel. If the downward trend continues, we can see the demand zone and buy this currency pair in that zone with the appropriate risk reward. The upward correction of this currency pair will provide us with the opportunity to sell it again.
According to Bloomberg, in response to rising borrowing costs, the UK bond market has requested that the government reduce the issuance of long-term bonds next year. During annual consultation meetings held on Monday, traders strongly advocated for a reduction in the maturity of bonds issued for the fiscal year 2025-2026 compared to current levels.
The majority of investors favor increasing the issuance of short-term bonds due to declining demand for long-term bonds from pension funds. The Debt Management Office mentioned in its meeting minutes that the market requires greater flexibility due to “uncertainty.”
The recent rise in UK bond yields has posed new challenges for the government, and these proposals could help the government adapt to the shifts in demand.
As reported by the Financial Times, UK Treasury Minister Rachel Reeves has expressed support for regulatory plans aimed at reducing restrictions on mortgage lending.These plans, which are being reviewed by the Financial Conduct Authority (FCA), aim to allow banks to take on more risk with mortgage loans, enabling more people to become homeowners.
In an interview with the Financial Times, Reeves stated her willingness to consider the FCA’s proposals for easing mortgage restrictions. She said, “I am fully prepared to explore ideas that can help working families achieve homeownership.”
This week, Reeves traveled to Davos to participate in the World Economic Forum and promote the UK as a prime destination for investment. This effort is part of the Labour government’s strategy to stimulate economic growth, as the UK experienced a recession in the second half of last year.
Given the stringent fiscal rules Reeves has imposed on herself and the decline in business confidence following her decision to raise employer national insurance contributions in the October budget, the Treasury Minister has faced significant political pressure since the start of the year. The Treasury is at the forefront of the government’s efforts to push regulators to introduce growth-enhancing measures. Last week, Reeves met with several UK regulatory officials to gather their ideas on this matter.
Data from the Office for National Statistics (ONS) revealed that the number of job vacancies in the UK decreased to 812,000 in the quarter ending December. Additionally, the economic inactivity rate dropped to 21.6% in the three months ending November.
Traders have increased their bets on an interest rate cut by the Bank of England, expecting a reduction of 64 basis points this year.
Moreover, December data indicates that the UK’s public sector net debt (excluding banking groups) rose to £17.8 billion, up from the previous figure of £11.2 billion. Public sector tax receipts increased to £19.9 billion, a notable rise compared to the previous £13.0 billion. Similarly, central government net debt climbed to £19.9 billion, up from £16.3 billion previously.
Meanwhile, in the latest Global Dairy Trade (GDT) auction in New Zealand, the GDT price index increased by 1.4%, while whole milk powder prices rose by 5%.
GBPNZD I Swing Long Opportunity from Weekly Welcome back! Let me know your thoughts in the comments!
** GBPNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
GBPNZD Massive Long! BUY!
My dear friends,
Please, find my technical outlook for EUR/USD below:
The instrument tests an important psychological level 2.1703
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2.1748
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
GBPNZD - 4H - Bullish ReversalFollowing are the factors involved in Bullish Reversal:
1. Bullish Divergence
2. Double Bottom Pattern
GBPNZD SELLing scenario strong, 350+ PIPS TP CONFIRMED...📉 GBPNZD Price Forecast 📉
GBPNZD is currently in a selling zone, forming an Inverted Flag and Pole pattern, which is a bearish continuation signal. The pair is trading below the 200 EMA, reinforcing strong downside momentum.
The market is approaching a breakdown of the flag pattern, with a strong bearish candle nearly confirming the move. Based on the pole height projection (350 pips), this setup offers significant profit potential.
🎯 Technical Target Levels:
- 2.1600
- 2.1425
📌 Key Highlights:
- Inverted Flag and Pole pattern indicates a continuation of the bearish trend.
- Trading below the 200 EMA, confirming selling pressure.
- Target range of 350 pips, offering an excellent opportunity for traders.
- Watch for a confirmed breakdown of the flag pattern to enter.
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