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New Zealand Dollar/British Pound

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NZDGBP trade ideas

Buy AnalysisCurrency Pair: GBPNZD (British Pound / New Zealand Dollar) Entry Price: 2.119224 Take Profit 1: 2.13373 Take Profit 2: 2.18980 Stop Loss: 2.10724 Technical Analysis Current Market Conditions: Trend Analysis: Assess the current trend on the daily and hourly charts. Look for higher highs and higher lows to confirm an uptrend. If the overall trend is bullish, this supports the buy position. Support and Resistance: Identify key support and resistance levels. Ensure that the entry price is positioned favorably relative to these levels. Technical Indicators: Moving Averages: Check for alignment with the moving averages (e.g., 50-day and 200-day MAs). A bullish crossover can be a positive signal. Relative Strength Index (RSI): Monitor the RSI to ensure the currency pair is not overbought or oversold. An RSI level around 50 is generally neutral. MACD: Confirm if the MACD line is above the signal line, indicating bullish momentum. Risk-Reward Ratio: Take Profit 1: Target price of 2.13373 offers a potential gain of 145 pips from the entry price (2.119224). Take Profit 2: Target price of 2.18980 offers a potential gain of 706 pips from the entry price. Stop Loss: The stop loss at 2.10724 offers a risk of 119 pips. Risk-Reward Calculations: To Take Profit 1: Risk/Reward Ratio = (145 pips gain) / (119 pips risk) ≈ 1.22 To Take Profit 2: Risk/Reward Ratio = (706 pips gain) / (119 pips risk) ≈ 5.94 The risk/reward ratio to the first target is acceptable but modest. To the second target, the ratio is very favorable, indicating a potentially profitable trade if the price moves favorably. Trade Management: Partial Exits: Consider taking partial profits at Take Profit 1 to lock in gains and move the stop loss to break even or above the entry price. Adjusting Stop Loss: As the price moves towards Take Profit 2, adjust the stop loss to protect gains. Market Sentiment: Economic Indicators: Review upcoming economic data releases for both GBP and NZD. High-impact news can affect volatility and influence the direction of the currency pair. Geopolitical Events: Be aware of any geopolitical events or market news that could impact the GBP/NZD exchange rate. Conclusion Trade Viability: The trade setup shows a favorable risk/reward ratio to Take Profit 2, indicating potential profitability. Execution: Ensure proper trade execution and monitoring of the position. Adjust risk management strategies as the trade progresses.
Long
by GODOCM
GBPNZD Pushing itself in a buy 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 EURNZD 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
Long
by ForexMasters2000
GBPNZD1.GBPNZD has made a break of a major High. 2.The price made an impulsive uptrend move after the break of the High. 3.The price then came back to tetest thr break of thr previous High, which was a major correctional move. 4.The moment the price reacted on the Break, it was now our point of interest which is"The Flip Zone".The Supply became our Support zone. 5.The price reacted with an H2 bullish candle which shows an interest in buying on GBPNZD. 6.We buy GBPNZD
Long
by UnknownUnicorn34749401
1
GBPNZD ANALYSISLorem ipsum dolor sit amet. Ex quibusdam assumenda sit cupiditate recusandae quo maxime dolores At magni asperiores quo corrupti corrupti ut quia dolores ut voluptatem iusto. Aut officia atque id possimus voluptate aut veritatis ducimus. In dignissimos incidunt sit internos quos qui nesciunt voluptatibus sit molestiae doloribus ut eius quas et deserunt sunt. Qui amet voluptatibus qui laudantium aperiam qui ipsam quos et sapiente dolores non molestias expedita id galisum rerum qui similique aspernatur.
Long
by Robin_2002
GBPNZD Expected Growth! BUY! My dear friends, GBPNZD looks like it will make a good move, and here are the details: The market is trading on 2.1199 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 2.1378 Recommended Stop Loss - 2.1097 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPNZD Long Set upHey guys! As you see I have plotted the zones that see clear to the eye and based on those zones I have projected the price target, The trend is based on H1 analysis, however the chart would have looked so small so I had to show it to you on the daily time frame. In any case I think the pull back will end at the buy zone and I'm buying there (Plotted as Buying zone). SL is set to 1 to 5 risk to reward ratio for this trade however on the chart its 1 to 3 something, so the lower you buy in the box the better.
Long
by deadparkcity
GBPNZD Will Go Lower From Resistance! Short! Please, check our technical outlook for GBPNZD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2.135. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2.108 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1