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New Zealand Dollar/British Pound

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NZDGBP trade ideas

GBP/NZD 4H Timeframe AnalysisGBP/NZD 4H Timeframe Analysis Trend Analysis: On the 4-hour timeframe, the GBP/NZD pair remains in an uptrend, forming a series of higher highs and higher lows. Price recently bounced from a major support level, allowing buyers to regain momentum and push the price higher. The pair broke through a minor key resistance zone at 2.19900–2.21600, continuing its bullish move toward the next minor resistance at 2.24200. However, a doji candlestick formed below this level, signaling indecision, and was followed by a bearish candle, prompting a reversal back to the minor support zone. Price is now consolidating and accumulating buyer orders above this minor key support. We anticipate a continuation of the bullish trend but remain cautious of a potential break below this level, which could trigger stop-loss liquidations before a renewed upward move. Price Action Expectation: Our objective is to wait for additional liquidity to build within the liquidity zone. Once confirmed, we will watch for a bullish breakout above the trendline. Entry Plan: Place a buy stop order at 2.22050 to confirm entry upon a bullish breakout. Stop Loss: Set at 2.21170, below the liquidity grab area for effective risk management. Take Profit: Target the recent resistance at 2.24200, providing a 1:2 risk-to-reward ratio. Key Levels to Monitor: Support Zone: 2.19900–2.21600 Resistance Zone: 2.24200 Additional Considerations: Watch for price accumulation and liquidity grabs within the support zone. Monitor candlestick patterns and price behavior near the trendline for breakout confirmation. Conclusion: GBP/NZD shows bullish potential as price consolidates above the minor support zone. A breakout above 2.22050 would confirm the continuation of the uptrend, targeting 2.24200 for a compelling 1:2 risk-to-reward ratio. However, stay vigilant for a potential break below the support zone to account for possible stop-loss liquidations before a renewed upward move.
Long
by RebornFXTrader
GBPNZD Will Go Lower! Sell! Here is our detailed technical review for GBPNZD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 2.218. 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!
Short
by SignalProvider
1
#012 NEW DCA GBPNZD LONG Trendline BreakoutOk, I am taking on another GBP trade, but this time its paired with the NZD instead of SGD. This other setup is based on trendline break but it doesnt matter. what matters is that it is in an uptrend and I am entering on a confirmed uptrend. If price reverses, then we would reverse too. As long as price shows to us that it is a confirmed reverses, we would reverse our position, otherwise, we would just close that losing position out for a small loss or a small win. More details in screenshots below. 2302SGT 16122024
Long
by ProfessionalDuckHunter
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 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