Volatility for nzdusd has been contracting over the past two weeks relative to volatility over the past month.
Volatility for nzdjpy has been contracting over the past two weeks relative to volatility over the past month.
This imputes a buy/sell ratio of 2.5, which is bullish.
This imputes a buy/sell ratio of 0.44, which is bearish.
Relative to other instruments in the forex asset class, gbpnzd ranked 25th yesterday in terms of percentage price change.
As u all see we have double top on the candle chart but on the and we got divergence down.
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.
Then the uptrend continued and the price has been consistently rejecting the uptrend trendline and today has approached it yet again, along with the 50 simple and exponential moving averages….
This imputes a buy/sell ratio of 1.29, which is bullish.
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.