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British Pound vs New Zealand Dollar

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GBPNZD.P trade ideas

GBP/NZD may rise 69 - 103 pipsOur pivot point is at 2.0962. Our preference As long as 2.0962 is support look for 2.1114. Alternative scenario Below 2.0962, expect 2.0905 and 2.0871. Comment The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2.1002 and 2.0973). Supports and resistances 2.1182 ** 2.1148 * 2.1114 ** 2.1080 2.1011 last 2.0984 2.0962 ** 2.0905 * 2.0871 ** Number of asterisks represents the strength of support and resistance levels.
Long
by Daniel_Thompson
GBPNZD 8hour IHS buy/hold tp +500 pips🔸Let's review 8 hours chart for GBPNZD today. speculative buy/hold setup for GBPNZD bulls, accumulation in range. short-term expecting pullback from overhead resistance, shorting from resistance is a higher risk setup (bears), however focus on buy/hold for excellent risk/reward. 🔸GBPNZD 8 hours is a confirmed bullish IHS setup, with LS/RS/HEAD of the structure already complete, backtested the neckline so the next re-test expect breakout. 🔸Recommended strategy bulls: bulls buy/hold any dips/pullbacks close to 0650, TP1 bulls +250 pips TP2 pips +500 pips, final exit at 2.1200. keep in mind this is a swing trade setup for patient traders only, will take more time to hit targets. 🎁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.
Long
by ProjectSyndicate
2
#GBPNZD symmetrical triangleIn an overall bullish move, the price is forming a symmetrical triangle chart pattern formation, which is neutral in nature but can adopt a trend sentiment, which in this case is bullish. Therefore, we could assume with a higher probability that the price could break above this pattern. In the event of a bullish breakout, we could look for a retest to take a long position at the pullback area. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
5
#GBPNZD inverted head and shoulder patternAs evident from the chart, the price is not only currently trading towards higher prices within a rising channel line but has also established a valid breakout from a very long-term daily timeframe inverted head and shoulders pattern. This phenomenon suggests a high possibility of a bullish move in this currency pair, and we might witness much higher prices in the future. If this pattern materializes, based on the one-to-one price target projection, we can assume that the price will at least reach the previous top formed on August 21st, 2023, if not higher. However, I recommend waiting for a pullback towards the broken neckline before taking a position on this pair, or alternatively, look for the proper entry point in a lower timeframe based on your strategy. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
GBPNZD moving higher (?)RBA (central bank of Australia) did leave the interest rates unchanged tonight and this had also an effect on the GBPNZD as New Zealands currency is strongly correlated to the AUD. It seems like GBPNZD got past the resistance area (still could end up as a liquidity sweep and reverse) but it seems more likely we are moving higher up. There´s still an alternative (light blue count) in play that would leave the door open for a more complex correction. For now, I remain bullish!
Long
by Staggi10
1
GBP/NZD Bullish Breakout: Sustained MomentumGBP/NZD the 4-hour chart, the uptrend is supported by higher lows, maintaining above the 21 EMA. The 200 SMA is also ascending, reinforcing the positive outlook. We have a series of higher highs and higher lows, a hallmark of continued bullish momentum. Traders should watch the 21 EMA for immediate support. A hold above this level on pullbacks signals ongoing strength, while a break below could indicate a short-term reversal or consolidation. The ascending trend line on the 4-hour chart is an additional bull parameter; staying above this dynamic support would further validate the bullish scenario. Manage risks appropriately, as resistance levels can often lead to profit-taking or reversals. Keep an eye out for any bearish candlestick patterns at these levels which could signal a potential pullback. Stay tuned for updates and manage your trades with proper risk control.
Long
by SheenaL