#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
NZDGBP trade ideas
GBP/NZD "Pound vs Kiwi" Forex Bank Heist Plan on BullishHello! My Dear Robbers / Money Makers & Losers, 🤑 💰
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Stop Loss 🛑 : Recent Swing Low using 2H timeframe
Target 🎯 : 2.21500
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GBPNZD - Idea for a long position !!Hello traders!
‼️ This is my perspective on GBPNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect price to continue the retracement to fill the imbalance and then to reject from bullish OB + institutional big figure 2.18000.
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GBPNZD is in Selling DirectionHello Traders
In This Chart GBPNZD 4 HOURLY Forex Forecast By FOREX PLANET
today GBPNZD analysis 👆
🟢This Chart includes GBPNZD market update)
🟢What is The Next Opportunity on GBPNZD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
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
GBPNZD H4 swing move coming soon ???Strong trending market
Nice looking retracement trendline
Price pulling back into structure
Faster stochastic lines reaching oversold
Faster stochastic lines are likely to be pulled up to the slower stochastic
Faster Stochastic lines maybe printing divergence soon
Wait for lower timeframe confirmation signals before entry
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.
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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.
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.
GBP-NZD Local Long! Buy!
Hello,Traders!
GBP-NZD is trading in an
Uptrend so despite the fact
That the pair is making a local
Bearish correction now we are
Bullish biased so after it retests
The horizontal support of 2.1872
We will be expecting a
Further bullish move up
Buy!
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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.
#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.
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!
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GBPNZD: Short Opportunity with Downward MomentumThe GBPNZD pair is showing clear bearish momentum, with the New Zealand Dollar (NZD) strengthening against the British Pound (GBP). Recent economic data from the UK suggests ongoing weakness, while New Zealand's outlook remains more positive, supporting further downside for GBPNZD. Price action indicates a continuation of the current downtrend, making this an ideal time to consider a short position. OANDA:GBPNZD
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.
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.
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gbpnzd sell signal. 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