GBPNZD- Sharp FallVery straight forward, consider blue line as a resistance SL is 4H candle close above this line TP is at 2.06 by ZaeemattallahUpdated 5
GBPNZDGBPNZD was trading in descending parallel channel. The price was reacting well the support and resistance of channel. Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher. If the breakout sustain to upside the optimum target could be 2.0800 What you guys think of this idea?by JustTradeSignals115
GBPNZD - Sell SetupGBPNZD printed Head n Shoulder pattern along with bearish Divergence on RSI. Moreover, it broke the most recent HL which further gives confirmation of downtrend movement.Shortby HammadFXPro3
DeGRAM | GBPNZD completion of the AB=CDGBPNZD completed the AB=CD pattern, which is essentially a complex pullback against the major trend. The market rebounded from support and a 141.1% fibo extension level. We expect a retest of the resistance level since the major trend is bullish. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAM6
GBPNZD Short Term Sell IdeaH1 - Strong bearish momentum. Currently it looks like a pullback is happening. No opposite signs. Expecting the price to move lower further in the short term after pullbacks until the strong resistance zone holds.Shortby VladimirRibakov3
GBPNZD testing support zoneThe price is testing a confluence of support in the 2.069 region. This horizontal support has been tested three times. Additionally, there is trendline support. Buyers are likely to remain in control above 2.05075. The target for this rally should be 2.092-2.094Longby Trad3WithFaraz3344
#GBPNZD Buy Setup Currently Trading At 2.04012, Buy Dip Till 2.02067 For The Target 2.08240Longby FibooGannUpdated 3
GBP/NZDOn Daily, it has made two Dojis in the form of Hammer Reversal candle formation. On 1-H chart, the triangle formation which is continuation is formed and will break to Bullish move to the previous Higher High around 2.09650.Longby Ha-Lion2
GBPNZD SELL NOW!!!!!!!!!!!!!!GBPNZD took out the sell side liquidity and we already have a price retest now price is moving on a downtrend by forming new low after retesting from the previous low. Am still expecting more break down on GBPNZD to 2.02497 JOIN AND ENJOY Tell us what you thinkShortby CAPTAINFX22
GBPNZD going shortWe are expecting sells on GBPNZD. The market has introduced a new trend by breaking our trendline support. On the zone 2.07894 is where we will execute our sell orders.Shortby nisherpu4
LONG first stage liquidity swept with a protected liquidity below price coming to fill up the imbalance Longby afrikfx20
GN ShortD: Downtrend, Retraced 50% 4H: Uptrend. Retraced 23.6% and hit -61.8 + Bearish divergence 1H: Downtrend. Retraced 61.8% CURRENTLY: I'm looking for price to break below trend and go short to -61.8 on 1H FIB @ weekly key level and support/resistance zoneShortby jcmoneymanUpdated 2
GBPNZDGBPNZD trade idea - has hit a local major resistance recently, based on continuing uptrend break out from medium term pullback for around 70 pips move buy.Longby fluxus_trader223
GBP/NZD SELLERS WILL DOMINATE THE MARKET|SHORT Hello,Friends! Previous week’s green candle means that for us the GBP/NZD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 2.067. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 114
GBPNZDLet's see how this will behave once it reaches the zone. We might get. Big trade at the zone or a minor one. We will seeLongby Mntungwa872
✅GBP_NZD WILL GO DOWN|SHORT🔥 ✅GBP_NZD has been growing recently And the pair seems locally overbought So as the pair is approaching a horizontal resistance of 2.0963 Price decline is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ Shortby ProSignalsFxUpdated 223
GBP-NZD Short From Resistance! Sell! Hello,Traders! GBP-NZD has reached A horizontal resistance Of 2.0974 and we are Already seeing a bearish Reaction from where I think We will see a further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignalsUpdated 114
GBPNZD ____ LONGTERM VIEWHello Traders, If you look at the annotations on my chart, you should see everything I see and why I see them that way. I think the annotations give context. I will wait in the comments to answer questions instead. Cheers, JabariShortby jabariofafrica225
Lingrid | GBPNZD breakout of the UPWARD channelThe market bounced off the resistance zone after a bearish divergence on the 4H. FX:GBPNZD reached a strong daily resistance and probably will pull back to support levels because the daily level at 2.09000 was rejected. It formed a big bearish candle. I expect the market to fall from the resistance zone toward the support level and breakout of the upward channel. My goal is a support level of around 2.07340 Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻Shortby Lingrid3313
GBPNZD_N41GBPNZD En: 0.382 and 0.27 Sl: 0 (1% of your balance) Tp: 1 (Check the picture or tradingView for Numbers) Cancel if Tp crossed without opening #30Min_trade #N41Longby Forexologist1st3
Decoding GBPNZD: CPI Trends Point to Potential NZD WeaknessIn today's trading session, our focus is on GBPNZD, where we are eyeing a buying opportunity around the 2.08000 zone. GBPNZD is currently traversing an ascending channel and is in a correction phase, approaching the channel support at 2.08000. Adding a fundamental layer to our analysis, recent Consumer Price Index (CPI) data indicates a trend of softening inflation in New Zealand. Looking at the previous CPI figures, we observe a declining pattern from 2.2% in October 2022 to 1.8% in October 2023. The expected CPI on January 23rd is 0.5%, signaling a potential continuation of subdued inflationary pressures. This soft print in CPI may impact the New Zealand Dollar (NZD), as a lower-than-expected inflation rate could prompt concerns about economic growth and lead to a dovish stance by the Reserve Bank of New Zealand (RBNZ). Traders should factor in the possibility of NZD weakness in their decision-making process. Turning to technicals, GBPNZD's ascending channel provides a clear structure, with the correction approaching the channel support at 2.08000. Considering the channel's historical behavior, a potential target could be the channel resistance at 2.10. As traders navigate this opportunity, a comprehensive analysis that combines both technical and fundamental factors is crucial. This dual perspective enables a more informed approach to trading decisions. Trade safe, Joe.Longby JoeChampion4