Get started

British Pound / New Zealand Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

GBPNZD trade ideas

GBP_NZD (400 Pip Range Bound)The GBP/NZD currency pair has recently reached a 9-year high, indicating significant strength in the British Pound against the New Zealand Dollar. Based on the provided information and search results, here's a detailed analysis for the coming 3 days: Fundamental Analysis The GBP/NZD pair has been showing a strong bullish trend, driven by several factors: 1. Economic Divergence: The UK economy has been showing signs of resilience, while New Zealand's economy faces challenges, contributing to the pair's upward momentum. 2. Interest Rate Differentials: The Bank of England's monetary policy stance compared to the Reserve Bank of New Zealand's approach may be supporting the Pound's strength against the Kiwi. 3. Global Risk Sentiment: As a risk-sensitive currency, the New Zealand Dollar may be under pressure due to global economic uncertainties, benefiting the relatively safer Pound. Technical Analysis Short-term technical indicators suggest a potential for both bullish continuation and a possible correction: 1. Trend Analysis: The overall trend remains strongly bullish, with the pair making new highs and trading above key moving averages. 2. Resistance Levels: The pair recently reversed from a key resistance level at 2.1840, which could act as a ceiling for further gains in the short term. 3. Support Levels: Key support is identified at 2.1600, which could be tested if the pair experiences a pullback. 4. Momentum Indicators: a. The daily Stochastic indicator suggests overbought conditions, which may lead to a short-term correction. b. The 14-day RSI is at 68.10, approaching overbought territory but not yet extreme. 5. Moving Averages: The pair is trading above both the 50-day SMA (2.16) and the 200-day SMA (2.13), confirming the strong uptrend. Short-term Forecast (Next 3 Days) Consolidation: The pair should trade within the range of 2.17-2.21 as it consolidates after the recent strong move. Volatility is expected to remain high, with an average daily range of about 0.54%. Conclusion While the long-term trend for GBP/NZD remains bullish, the pair may experience short-term volatility and potential correction after reaching a 9-year high. Traders should watch key technical levels and be aware of any fundamental developments that could impact either currency. Citations: fxpro.news www.centralcharts.com www.centralcharts.com coincodex.com www.ofx.com www.icmarkets.com www.tradingview.com www.icmarkets.com www.tradingview.com au.investing.com
by NYHTSTAR
GBPNZD Will Grow! Long! Here is our detailed technical review for GBPNZD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 2.192. Considering the today's price action, probabilities will be high to see a movement to 2.208. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBP/NZD 4H Timeframe AnalysisGBP/NZD 4H Timeframe Analysis Trend Analysis: In the 4H timeframe, the GBP/NZD pair is currently in an uptrend, characterized by the formation of higher highs and higher lows. Recently, the price broke through the minor key resistance level at 2.2000, indicating strong buying interest and accumulation of buy orders. However, the price subsequently retraced and broke below this minor key resistance, leading to a manipulation phase that likely liquidated many buyer stop-loss positions. Despite this pullback, liquidity has already formed in the market, and we anticipate the potential for additional liquidity to develop within the liquidity zone. Our primary objective now is to wait for the price to move upward again, aiming for a breakout above the 2.2000 level. Price Action Expectation: We expect that if the price successfully breaks above the minor key resistance at 2.2000, it will signal renewed buying momentum. To capitalize on this potential breakout, we will place a buy stop order just above the resistance level. Trade Setup: Trade Type: Buy Stop Entry Price: 2.20030 (just above the minor key resistance) Stop Loss: 2.19230 (positioned below the liquidity zone to protect against adverse movements) Take Profit: 2.21890 (targeting the next minor key resistance level) Fundamental outlook: Impact on GBP/NZD: The UK GDP m/m data is a crucial economic indicator that reflects the overall economic health of the UK. A stronger-than-expected GDP growth can lead to increased confidence in the British economy, potentially strengthening the GBP against other currencies, including the NZD. Conversely, a weaker GDP figure may lead to a depreciation of the GBP. Positive GDP Growth: If the GDP m/m shows an increase, it may reinforce the bullish sentiment for GBP/NZD, supporting the anticipated breakout above 2.2000. Negative GDP Growth: A decline in GDP could lead to bearish pressure on the GBP, which may hinder the price from breaking above the resistance level and could lead to further downside movement.
Long
by RebornFXTrader
GBPNZD SHORTS 2:1weekly: price is currently rejecting round psych level at 2.21000 which also is a perfect resistance that has not been broken since 23'. daily: 3rd touch of rising wedge. Currently rejecting and starting creating lower lows on lower TF's. Price action wise price did reject creating an engulfing candle. 4h: price confirmed downside creating a lower low closing below 2.20250. 1hr: price is currently rejecting from round psych level at 2.20000 which is also 50% from fibonacci retracement.
Short
by Jayjaypeel
GBPNZD Can Be Finishing The Wedge PatternGBPNZD pair has been trading bullish for the last 2 years or so, but since 2023 we can see that price action is slowing down and that bulls are running out of steam. It came even higher recently and it's testing the highs of the year, but we are tracking an ending diagonal a.k.a. wedge pattern, which can be in final stages of 5th wave. If we are correct, then strong and sharp reversal will show up in 2025. The ending diagonal (wedge) pattern is a special type of wave that occurs in wave 5 of an impulse or in wave C of a correction. An ending diagonal pattern is a type of pattern that can occur at the completion of a strong move. It reflects a “calming” of the market sentiment such that price still moves generally in the direction of the larger move, but not strongly enough to produce an impulsive wave. Ending diagonals consist of five waves, labeled 1-2-3-4-5, where each wave subdivides into three legs. Waves 1 and 4 overlap in price, while wave 3 can not be the shortest amongst waves 1, 3 and 5. The reason why they are so interesting is because they are indicating a reversal, usually a strong one.
Short
by ew-forecast
#GBPNZD 1DAYGBPNZD Daily Analysis The GBPNZD pair is trading near the resistance line of an uptrend channel on the daily chart. This level marks a key area where selling pressure could emerge, presenting a potential sell opportunity if the price shows signs of rejection. Technical Outlook: Pattern: Uptrend Channel Resistance Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position if the price rejects the channel resistance with bearish confirmation signals. Traders should watch for reversal patterns, such as bearish engulfing candlesticks or indicators like RSI showing overbought conditions. Implement proper risk management by placing stop-loss orders above the resistance line, with profit targets set at the midline or lower boundary of the channel.
Short
by PIPSFIGHTER
GBP/NZD reachaed upper resistance level short term sellHi, dear investors we are looking into a short term sell after the RSI has reached the upper level of 100 on 1H time frame and 80 level in 4H time frame Entry : 2.19100 Target : 2.18010 Stop loss : 2.19405 2:1 RR (Risk to reward Ratio) As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
Short
by DG55Capital
GBPNZD💡The chart shows technical analysis of the GBP/NZD currency pair on the daily time frame (D1). The drawing indicates the presence of an ascending channel, where the price moves between two upward-sloping support and resistance lines. If the price breaks the resistance area, it may continue to rise. If it fails to break the resistance, it will likely bounce down towards S.1 support or the lower border of the channel. The MACD indicator is showing rising positive momentum, which currently supports the upward trend. ⛔️It is not investment advice for educational purposes only.
by Adhamcurrency
Falling towards 50% Fibonacci support?GBP/NZD is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 2.1903 Why we like it: There is a pullback suppor tlevel that lines up with the 50% Fibonacci retraecment. Stop loss: 2.1720 Why we like it: There is an overlap support level that aligns with the 50% Fibonacci retracement. Take profit: 2.2098 Why we like it: There is a pullback resistance level. 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.
Long
by VantageMarkets
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
by Easy_Explosive_Trading