The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
As for the rationale, technical traders seem to be citing the appearance of a channel technical pattern.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
The closest is the 20 day average, which is 93.6 pips away.
It should be noted, though, the 50 day simple moving average turned downwards, which may be a bearish sign.
Or to simplify this another way, note that out of the past 14 days gbpnzd’s price has gone down 8 them.
This imputes a buy/sell ratio of 0.41, which is bearish.