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New Zealand Dollar/British Pound

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NZDGBP trade ideas

GBPNZD BULLISH BIAS 1/12/2024Prices have pulled back to the 50 EMA on the daily chart, where there are numerous long lower wicks. This indicates that buyers have reacted and are preventing prices from falling below the 50 EMA. This area aligns as a confluence point since it represents former resistance turned new support and coincides with the Fibonacci 0.382 level. The Anchored Volume Profile also highlights this price level as the "Point of Control." If a bullish engulfing candle forms, it would indicate positive momentum and could provide an opportunity to enter a trade.
Long
by Trader-Berke
GBP/NZD Game Changing Opportunity? Watch Closely!Primary Context The chart displays a long-term structural analysis on the 12M (Yearly) timeframe, revealing a potential major market setup unfolding. Key areas of interest and decisive moves are clearly marked, showcasing a calculated roadmap for the pair's next moves. Key Observations The highlighted purple triangle illustrates an expanding structure with long-term corrective patterns completing their cycle. Notice the marked (W), (X), (Y) waves, indicating a complex correction nearing its end. Significant Zones Sell Side Liquidity (SSL): This is a key liquidity zone (12M), where stop-loss clusters are likely placed by retail traders, providing an area of interest for potential reversal or further bearish continuation. Buy Side BSL (Break of Structure Level): A potential trap zone where an early breakout could cause retail traders to chase moves prematurely, providing institutional players an opportunity for manipulation. Equilibrium and Discount Levels The 50% equilibrium zone highlights a critical balance point between buyers and sellers. Premium and Discount Areas: Price is hovering near a potential discount zone, creating a favorable environment for long-term buyers looking to enter at value. Current Market Position: Point of Rejection The recent move marks a potential failed new low on the 12M chart, which might serve as a protected swing low. If this level holds, it could signify the formation of a major impulsive wave upwards. Dealing Range Current Weak High A recent high suggests the market is testing liquidity, leaving traders anticipating whether this will lead to a range breakout or a false move. Future Scenarios Bullish Case If the low (around 1.67055) remains protected, expect the market to retrace upward toward the dealing range’s equilibrium (3.72210) or higher. Confirmation will come from a break of internal BOS (Break of Structure) toward the upside. Bearish Case A sustained breakdown below 1.67055 invalidates the bullish view, opening the path for a continuation towards lower liquidity zones. Traders should monitor for further signs of weakness or momentum shifts near critical levels. Strategy Execution For Buyers Await a strong confirmation of support near 1.67055. Target zones include the equilibrium (50%) and premium areas for profit-taking. For Sellers Look for liquidity sweeps or a rejection of weak highs, indicating exhaustion before entering short positions. Use liquidity run areas (marked in purple) as guides for potential profit targets. Key Takeaway The GBPNZD chart is setting up for a highly strategic long-term move, with strong implications for traders looking to capture significant trends. Whether you're bullish or bearish, patience and alignment with liquidity zones are crucial for success.
Long
by spaceangel
1
TradeCityPro | GBPNZD : Critical Levels and Market Momentum👋 Welcome to TradeCityPro! In this analysis, I will review the GBPNZD currency pair on the daily timeframe. ⏳ Daily Timeframe: Higher Highs and Ascending Trendline In the daily timeframe, the market is displaying higher highs and higher lows, indicating an uptrend. Along with this trend, an ascending trendline can be observed, to which the price has reacted three times so far. 🔼 Currently, after reaching the resistance at 2.18921, the market has entered a correction phase, with the price pulling back to the 2.11346 level. As long as the price remains above the trendline, I consider the market trend to be bullish. 📈 If the resistance at 2.18921 is broken, the uptrend is likely to continue, with the first target for this movement being 2.22652. 🔽 On the other hand, if the trendline is broken and the price breaches the 2.13682 or 2.11346 levels, bearish momentum will enter the market. In this case, the first target will be 2.06414, followed by the second target at 2.00732. ✨ The RSI oscillator is currently indecisive and fluctuating around the 50 level. The RSI trend in the near future could determine the market’s momentum. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
1
+100/+200 pips gbpnzd m20 short from resistance short-term🔸Hello traders, let's review the 20 minute chart for GN today. Price contained withing sliding bear channel previously rejected multiple times from overhead resistance. 🔸Currently expecting price to pump into overhead resistance and complete a double top at 1610, that's the likely PRZ level. 🔸Previously rejected from overhead resistance, sequence of lower highs in progress and expecting yet another rejection into double top and also re-action with the bear channel. 🔸Recommended strategy for GN traders: short sell high at 1610 SL 50 TP1 +100 pips TP2 +200 pips final exit at 1400. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
19
GBPNZD Bullish Setup – Inverted Head and Shoulders PatternA potential bullish reversal is forming on GBPNZD, driven by the emergence of an Inverted Head and Shoulders pattern on the chart. Left Shoulder: A decline followed by a rally to form a local high. Head: A deeper dip forming the pattern’s lowest point, followed by a stronger recovery. Right Shoulder: A higher low, signalling weakening bearish momentum and potential bullish strength. The neckline is identified at , acting as a key resistance zone. A breakout and close above this level could confirm the reversal and initiate a bullish trend. Entry Strategy: Wait for a breakout and possible retest of the neckline as support to confirm the move before entering a buy position. Stop Loss: Place below the right shoulder’s low to protect against invalidation of the pattern. Stay mindful of fundamental factors influencing GBP and NZD that could impact price action, and always trade with proper risk management.
Long
by ellienes
GBPNZD Bearish Opportunity: Short Setup Near Key ResistanceThe GBPNZD pair on the 4-hour timeframe is displaying signs of a potential bearish continuation. The price is facing resistance from multiple technical factors, and indicators suggest a possible reversal to the downside. Here's the breakdown: Key Resistance Levels: The pair is testing the supply zone around 2.1550–2.1600, which aligns with a recent bearish "3s-Bear" signal. The price remains below the 50 EMA and 200 EMA, confirming a bearish trend. Indicators: The Stochastic RSI is in overbought territory, signaling potential downside momentum. The price has rejected the resistance zone multiple times, indicating strong selling pressure. Entry Point: Consider entering a sell position around 2.1550–2.1570 if the price shows rejection at this level (e.g., bearish engulfing candlestick). Stop Loss: Place the stop loss above the resistance zone at 2.1620 to account for potential false breakouts. Take Profit: Target 1: 2.1500 (recent support zone). Target 2: 2.1430 (major support level below). Risk-Reward Ratio: This setup offers a favorable risk-reward ratio of approximately 1:2 or better. If the price breaks and closes above 2.1620, the bearish bias will be invalidated. Monitor price action closely and adjust the trade plan as necessary.
Short
by fxplusinsights
GBPNZD: Bull Flag Suggests Further Upside to 2.1900GBPNZD is currently trading around 2.1650 and has formed a bull flag pattern, which is often seen as a continuation signal in trending markets. This setup suggests that the recent bullish momentum could continue once the price breaks above the resistance line of the flag. A confirmed breakout above this level would provide a clear indication of further upward movement, with the price likely to reach 2.1900, a key resistance level. The pattern reflects strong buying interest, as the price has consolidated within the flag after a strong upward move, showing that buyers are maintaining control. If the breakout holds, we could see a upward push toward the 2.1900 resistance level.
Long
by FXTradingAnalysis
TradeCityPro | GBPNZD Analysis Ready to Move👋 Welcome to the TradeCityPro channel! Let's start this week's market by analyzing the GBPNZD pair for potential triggers in futures. We'll keep it concise! 🌍 Fundamental Overview GBP: The British pound remains under pressure due to persistent economic slowdown and uncertainty around the Bank of England's policy, with inflation softening but still above target. NZD: The New Zealand dollar is supported by stronger commodity demand and recent hawkish signals from the Reserve Bank of New Zealand (RBNZ), which is holding interest rates steady but remains cautious of global economic conditions. Result: Diverging monetary outlooks and commodity trends make GBPNZD sensitive to risk sentiment and trade flow shifts. 📊 Weekly Timeframe In the weekly timeframe, like most currency pairs, we are in a range but have broken the lower box and are now ranging in a higher box. Additionally, the chart shows a curve-like upward movement, forming higher lows, indicating an uptrend, but recently, the trend has significantly weakened, and the candlesticks are getting smaller. If the curve line breaks, the price can move to 2.10640. If the curve supports, the price may head towards 2.16990 and possibly break this significant resistance. ⏱ 4-Hour Timeframe In the 4-hour timeframe, there is a descending trendline, forming lower highs and creating compression. 📉 Short Position Trigger: Triggered by rejection from the trendline or a break of the 2.14309 support level, targeting 2.12359. 📈 Long Position Trigger: Triggered by a breakout above the trendline and 2.15606, targeting 2.18194. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
3