GBP/NZD Down 37 Pips in Last 4 Hours, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
As for the rationale, technical traders seem to be citing the appearance of a divergence technical pattern.
GBPNZD
(Last Updated June 5, 2020)
Welcome to the news page for GBPNZD (GBPNZD). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
If we observe the 90, 30 and 14 day timeframes, we see a downtrend in place for GBPNZD.
GBPNZD Moving Averages
The moving averages on GBPNZD indicate a trend that is clearly bearish.
Below is a chart showing GBPNZD’s price with its moving averages.
As for correlation, Regarding GBPNZD’s correlations over the past 7 days, it has been most correlated with EURCHF. If we zoom out to a two week basis, though, the asset showing the strongest correlation to GBPNZD is ZARJPY. Alternatively, AUDNZD has been the asset least correlated with GBPNZD — but over the past two weeks, the asset least correlated with GBPNZD has been EURCAD. The chart below illustrates GBPNZD against its least correlated assets.
.
GBP/NZD Down 5 Pips Over Past 4 Hours, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
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.
GBP/NZD Down 10 Pips Over Past 4 Hours, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
Or to simplify this another way, note that out of the past 30 days gbp/nzd’s price has gone down 19 them.
GBP/NZD Down 22 Pips in Last 4 Hours, 2 Day Down Streak Ended; in a Downtrend Over Past 30 Days
The closest is the 20 day average, which is 311.6 pips away.
GBP/NZD Up 18 Pips in Last 4 Hours; in a Downtrend Over Past 30 Days
Volatility for gbp/nzd has been contracting over the past two weeks relative to volatility over the past month.
GBP/NZD Up 16 Pips Over Past 4 Hours, Moves Up For the 3rd Day In A Row; Pin Bar Pattern Appearing on Chart
Price showed us signs that price is about to breakthrough descending channel however, price has lost it’s momentum and now is looking to go back inside of descending channel….
GBP/NZD Down 24 Pips Over Past 4 Hours, Outperforms All Forex; Moves Up For the 2nd Day In A Row
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down.
GBP/NZD Up 28 Pips in Last 4 Hours, 2 Day Down Streak Snapped; Pin Bar Pattern Appearing on Chart
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.
GBP/NZD Down 9 Pips Over Past 4 Hours, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
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.
GBP/NZD Down 5 Pips in Last 4 Hours, Entered Today Up For the 3rd Day In A Row; in a Downtrend Over Past 30 Days
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.