GBPNZD trade ideas
GBPNZD Maintains Bullish Momentum - Is 2.27040 the Next Target?OANDA:GBPNZD is trading within a well-defined ascending channel, with price action respecting both the upper and lower boundaries. The recent bounce off the midline suggests buyers are maintaining control, supporting a potential continuation of the uptrend.
As long as the price remains above the support level and the channel's lower boundary holds, the bullish structure remains intact.
A potential upside target is 2.27040, aligning with the upper boundary of the channel. A break and close above this level could signal further bullish momentum.
However, a decisive break below the channel’s lower boundary or the support zone would invalidate the bullish outlook and could signal a shift in market sentiment.
Remember, always confirm your setups and trade with solid risk management.
Best of luck!
GBPNZD Swing trade idea 04/03/2025GBPNZD has been in a strong uptrend since the start of 2024, forming consecutive higher highs and higher lows. We've just hit a new high at 2.26481 and are starting to see rejection. This sets up a high-risk, high-reward swing trade targeting the previous higher high at 2.17900. Nearly 1000 pips of potential! Waiting for further confirmation before entering.
LETS DO IT! GBPNZDThe price has reached the ceiling of the gbpnzd price channel, it looks like we could see a price decline
keep in mind that we are in a bullish channel!
The Bulls Of British PoundGBPNZD - Clear winner on this pair if the trend will continue we can find good buy opportunities this week.
GBPNZD - Bullish Continuation in Play?OANDA:GBPNZD is currently trading within an ascending channel, indicating a strong uptrend. The price has broken above a key resistance zone and may now be pulling back for a retest. This area previously acted as resistance and may now serve as support, aligning with a potential bullish continuation.
If buyers confirm support at this level, the price is likely to move upward toward 2.26160, which aligns with the upper boundary of the channel. Conversely, a failure to hold support could signal a potential bearish shift.
Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions.
Let me know your thoughts or any additional insights you might have! 🚀📈
GBP/NZD: let's take profit occur before buying againWith strong bullish momentum, GBP/NZD remains attractive for long positions. Fundamentals favor the GBP over the NZD, while technicals suggest room for further upside.
Fundamentals:
- GBP Strength: Hawkish Bank of England and resilient UK economy.
- NZD Weakness: Recession in New Zealand and dovish RBNZ policy weigh on the NZD.
Trade Idea
- Buy Zone: 2.1945-2.2200. This level corrispond to 0.5 Fibo and also 4h demand.
- Targets: 2.2440, then 2.2800.
- Stop Loss: Below 2.1800.
Important: enter just in case of rejection! it means that price will need to go in the buy zone area and then have a strong upside (CHOC, COS on lower TF).
If you follow me, you will receive updates so you know when and where I enter, close, TP.
GBPNZD – ready to go long again ... the week of 03 Mar Monthly – bullish
Weekly – bullish
Daily – bullish, broke above previous highs already. Price above 200sma.
H4 – After the break out, price is pulling back. We have no idea where the pullback may terminate, but the support located around 2.2370 or preferably, the zone marked between 2.2212 – 2.21520 (or any other point in between) may hold price.
If there is no further pullback, I will not be interested in trading this pair for now. However, if price action develops as I anticipate, I will be looking for signs of a bullish continuation. My stop would be below the recent swing low and I will at first, target 2.2700 with the potential to extend much higher.
This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
GBPNZD at Key Resistance: Rebound Toward 2.20986?OANDA:GBPNZD has reached a significant resistance zone, marked by historical price rejections and strong selling pressure. This area has previously acted as a key supply zone, increasing the probability of a bearish reaction if sellers regain control.
The current market structure suggests that if price confirms a rejection from this resistance zone, we could see a potential drop toward the 2.20986 level. This level aligns with previous price reactions and serves as a logical downside target. However, a break and close above this resistance zone would invalidate the bearish bias and could signal further upside continuation.
Traders should look for bearish confirmation signals such as rejection wicks, bearish engulfing patterns, or increased selling volume before considering short positions.
This setup reflects the potential for a pullback after a strong bullish move, supported by historical price action and market structure.
Do you agree with this analysis? Share your thoughts in the comments!
GBPNZDWhy Stay Long?
📌 UK Strength:
GDP growth remains stable, showing resilience in economic activity.
Inflation concerns could keep the Bank of England from easing too soon, supporting GBP.
Industrial production and business sentiment remain positive.
📌 NZ Weakness:
Retail spending has been declining, signaling weaker consumer confidence.
Business PMI remains in contraction territory, showing economic slowdown.
The RBNZ's cautious stance suggests limited upside for NZD.
With these factors still in play, I’m holding the position and managing risk accordingly. Watching key resistance levels for an exit.
#Forex #GBPNZD #SwingTrading
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.
pound quant zones thursday and possibly fridaypound's macro factors are bearish into march despite flow into pound due to being tariff neutral
already in hedge zone for momentum breakdown shorts, same for gbpcad, gbpusd, gbpaud
wicked tops for shorting
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Not as refined as our direct trade setups. More for advanced active traders.
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GBP/NDZ | down channel or trend line breakdown before 22.1k? on📉 GBP/NZD Price Forecast – Potential Reversal Ahead! 🚀
The GBP/NZD pair is currently moving within a down channel reversal pattern, signaling a potential shift in momentum. However traders should wait for a confirmed trendline breakdown before entering trades A breakdown before the 22,000 – 22,100 zone could provide a strong selling opportunity.
Key Levels to Watch:
✅ Entry Zone: 2.2000 – 2.2100
🎯 Target Points:
First Target: 2.1700
Second Target: 2.1500
Technical Analysis:
📊 The 50 EMA (Exponential Moving Average) is a crucial indicator in this setup. If the price continues to respect this dynamic resistance and breaks below the key trendline it could trigger a sharp downward move.
Trading Strategy & Risk Management:
⚠ Patience is key! Enter only when the trendline breaks and confirms bearish momentum.
📈 Set stop losses wisely to manage risk and protect capital.
🔍 Always analyze market conditions before making a trade.
🚀 Stay ahead of the market – Like Comment & Follow for real-time trade alerts, expert insights and more profitable setups!
GBP/NZD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GBP/NZD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2.210 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBPNZD: Bullish Pattern & Breakout 🇬🇧🇳🇿
GBPNZD formed a bullish accumulation pattern on a daily.
Its neckline was broken with a high momentum bullish candle yesterday.
The next strong resistance is 2.236.
It will most likely be the next goal for the buyers.
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GBPNZD: Bullish Trend ContinuesThe violation of a significant daily resistance level has created additional upward potential for 📈GBPNZD on a daily basis.
Following a prolonged period of bullish accumulation within an ascending triangle pattern, the price rebounded yesterday and closed the daily candle above its neckline.
I believe that the market could soon reach the 2.2400 level.
gbpnzd analysis elliot. 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
BUY GBPNZD - Simple and logical Price Action!!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.
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GBPNZD Is Bearish! Short!
Here is our detailed technical review for GBPNZD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 2.217.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 2.209 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 BUY SETUP📊 Execution Plan & Trade Strategy
📌 Ideal Trade Plan (If Price Retraces)
✅ Entry Zone: 2.2000 - 2.2020/30 (Bullish Order Block + Fair Value Gap)
✅ Stop Loss (SL): Below 2.1980 (Safe institutional level, avoiding stop hunts)
✅ Take Profits (TPs):
TP1: 2.2150 (Liquidity zone)
TP2: 2.2200 (Key Psychological level)
TP3: 2.2250 (Final BSL target)
✅ Trade Type: Intra-day / Trend Continuation
✅ Confidence Level: Medium to High – Strong confluences, but a retrace would be ideal for entry.
GBP-NZD Short From Resistance! Sell!
Hello,Traders!
GBP-NZD keeps growing
Just as I predicted in my
Previous analysis but the
Pair will soon hit a horizontal
Resistance of 2.222 from where
We will be expecting a local
Bearish correction
Buy!
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GBPNZD - Potential Sell Opportunity at Resistance LevelOANDA:GBPNZD is approaching a significant resistance zone, marked by previous strong price rejections. This area has consistently acted as a turning point, suggesting the potential for another bearish reaction if sellers step in.
If the price shows clear signs of rejection from this resistance zone, I anticipate a move downward toward the 2.20620 level, which serves as a logical target for this setup. Conversely, a clean breakout above the resistance zone could signal a potential bullish continuation.
Traders should monitor for bearish confirmation signals, such as bearish engulfing candles, long upper wicks rejecting the resistance, or increased selling volume before considering short positions. Let me know your thoughts or any additional insights you might have!
