Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
Trend traders will want to observe that the strongest trend appears on the 30 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 clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
Volatility for gbpnzd has been contracting over the past two weeks relative to volatility over the past month.
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
Relative to other instruments in the forex asset class, gbpjpy ranked 34th the day prior in terms of percentage price change.
Relative to other instruments in the forex asset class, gbpchf ranked 29th the day prior in terms of percentage price change.
This move is a reversal from the hour prior, which saw price move down.
For additional context, note that price has gone up 8 out of the past 10 days.