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British Pound / New Zealand Dollar

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GBPNZD trade ideas

GBP / NZD another potential entry opportunity for buy. Description : On a daily TF we can clearly see on the picture 1 , there has been H & S pattern formation , price has then came back to neckline and shooed off to the upside. i have personally missed the setup earlier , however chance is there for us to enter another time from a 2.15500 PSY level with a stop loss of around 35 pips to spare. Entries condition are simple and aligned with the trade and H&S patterns normally, as the price is forming a mini support zone , we could potentially look to enter from those area if the current price retest the area. retest on those area on LDN OR NY will be very idle for entries. the 200 ema in DTF supports the uptrend . Look to enter the trade from smaller TF on given 2.15500 level ( if the price comes to the area ) , but trade can be taken with individual preference and entry and risk management ideas.
Long
by rubinGrg
GBPNZD is in Selling Direction after testing TrendlineHello 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
1
GBPNZD - How will the BOE decision affect the pound?The GBPNZD currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term bullish channel. In case of downward correction, we can see the demand zones and buy this currency pair within those zones with appropriate risk reward. The Bank of England has lowered its interest rate by 0.25%, bringing it to 4.75%. According to the Bank’s monetary statement, GDP is projected to grow by 0.2% in Q3 2024 compared to the previous quarter (September forecast: 0.3%) and increase by 0.3% in Q4 this year. The goal is to keep the interest rate restrictive enough until the risks of inflation persistently returning to the 2% target diminish. Andrew Bailey, the Bank of England’s governor, noted that the rate of inflation decline has been faster than expected. However, further reduction in service price inflation is still needed to maintain the consumer price index at the 2% target level, and sufficient spare capacity will be essential to reach this goal in the medium term. The rise in the employer’s national insurance contribution, included in the budget, is expected to have a slightly inflationary effect on prices and a marginally negative impact on wages and corporate profitability. The combined effect of increased employer national insurance and minimum wage is likely to raise hiring costs, with the net impact on inflation yet to be determined. Adrian Orr, the Reserve Bank of New Zealand’s governor, highlighted geopolitical tensions as a significant risk to the economy, expressing concern over the economy lagging behind the interest rate cuts. Orr also emphasized that climate change poses an existential threat to New Zealand, calling for serious attention to this issue. This view reflects deep economic and environmental concerns in the country. The Reserve Bank of New Zealand’s Financial Stability Report indicates that the financial system remains resilient despite the economic downturn, with risks under control. Banks anticipate a slight increase in non-performing loans, although this level remains below what was experienced during previous economic recessions. Debt servicing costs have peaked and are now declining, with mortgage interest rates dropping over the past six months. Although many households and businesses are under financial pressure and some borrowers face challenges with rising unemployment, domestic economic challenges persist.
Long
by Ali_PSND
1
GBP/NZD Broke The Support And Ready To Go Down , Don`t Miss !We have a very good closure below our support and great chance to sell this pair for more 150 pips at least , if we have a daily closure below , it will be a great confirmation to can be sure it will go down more and more This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Short
by FX_Elite_Club
2
GBPNZD / M15 / LONGGBPNZD Potential Rise from the Bullish Order Block Bullish Order Block: 2.16193 and 2.16070 Analysis: GBPNZD is approaching a key bullish order block between 2.16193 and 2.16070. Based on Smart Money Concepts (SMC), this zone is identified as a high-probability support area where institutional buyers may be active. The price previously tested this order block and is showing signs of support, indicating a potential upward move. Trade Setup: Entry Zone: Within the order block (2.16193 to 2.16070) Target Levels: Looking for price action to potentially reach previous resistance levels, aiming for a profit zone above the order block. Stop Loss: Set just below the lower boundary of the order block for effective risk management. Expectation: There is a strong probability that GBPNZD will respond positively to the order block and rise in the short to medium term. We'll keep an eye on price action and any signs of bullish momentum that confirm the trade setup. Entry :- 2.16198 TP :- 2.16684 SL :- 2.15715
Long
by PraveenTrader1
GBPNZD Will Go Up! Buy! Please, check our technical outlook for GBPNZD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2.161. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2.180 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!
Long
by SignalProvider
1