GBP/NZD Up 72 Pips in Last 4 Hours, 2 Day Up Streak Broken; Eyes 20 Day Average

GBP/NZD 4 Hour Price Update

Updated March 27, 2020 09:11 PM GMT (05:11 PM EST)

GBP/NZD entered the current 4 hour candle at 2.0586, up 72 pips (0.35%) from the previous 4 hours. Out of the 40 instruments in the Forex asset class, GBP/NZD ended up ranking 13th for the four-hour candle in terms of price change.

GBP/NZD End of Day Recap

Updated 00:30 GMT (04:30 EST)

GBP/NZD entered today at 2.0446, down 6 pips (0.03%) from the day prior. Relative to other instruments in the Forex asset class, GBP/NZD ranked 22nd the day prior in terms of percentage price change. The price chart of GBP/NZD below illustrates.

GBP/NZD Technical Analysis

Notably, the current price of GBP/NZD is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 5 out of the past 10 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for GBPNZD; just 3 sell signals and 1 buy signals. This imputes a buy/sell ratio of 0.33, which is bearish. Here’s a piece we found on that we thought you might enjoy.