GBPNZD Down 0 Pips On Hourly Chart, in an Uptrend Over Past 14 Days; Nears 20 and 50 Day Moving Averages
This is a reversal of the price action on the previous hour, in which price moved up.
GBPNZD
(Last Updated January 18, 2021)
Hello! This is the news page for GBPNZD. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for GBPNZD
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| New Zealand NZIER Capacity Utilization | Q4 2020 | New Zealand Dollar | NZD | 2021-01-18 | 21:00 GMT | ||
| New Zealand NZIER Business Confidence | Q4 2020 | New Zealand Dollar | NZD | 2021-01-18 | 21:00 GMT | ||
| New Zealand Electronic Retail Card Spending YoY | Dec 2020 | New Zealand Dollar | NZD | 2021-01-18 | 21:45 GMT | ||
| New Zealand Electronic Retail Card Spending MoM | Dec 2020 | New Zealand Dollar | NZD | 2021-01-18 | 21:45 GMT | ||
| United Kingdom BoE Haldane Speech | NA | British Pound | GBP | 2021-01-19 | 18:00 GMT |
The Trend
On GBPNZD, we don’t see a clear trend until the 90 day basis, where we see a clear downtrend.
GBPNZD Moving Averages
The moving averages on GBPNZD summarize its price action in an interesting way. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 20 are bearish, suggesting the trend is generally downward, save for a spike that occurred about 3 weeks ago. Moreover, today we saw the 20 moving average turn bullish.
The chart below illustrates.
Regarding GBPNZD’s correlations over the past 7 days, it has been most correlated with GBPAUD. GBPNZD has been most correlated with GBPAUD over the past 14 days also, so this may be a structural correlation in the market. On the flip side, USDHKD has been the asset least correlated with GBPNZD — but if we observe the prior two weeks, EURAUD has been the asset least correlated with GBPNZD. The chart below illustrates GBPNZD against its least correlated assets.
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The View From the Weekly Timeframe
Currently, GBPNZD’s rate is up 309 pips (1.65%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move down. As for the trend on the weekly timeframe, we see the clearest trend on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. GBPNZD’s weekly price action over the past 52 weeks can be seen via the chart below.
GBPNZD: The Monthly View
Monthly view favors rangebound strategies. No clear trend on the 24, 60 and 120 month timeframes.
GBP/NZD Up 19 Pips On Hourly Chart, Nears 20 and 50 Day Moving Averages; Pin Bar Pattern Appearing on Chart
It’s been a feast for bulls operating on an hourly timeframe, as gbpnzd has now gone up 8 of the past 10 hours.
GBPNZD Down 12 Pips Over Past Hour, in an Uptrend Over Past 14 Days; Eyes 20 and 50 Day Averages
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
GBPNZD Down 16 Pips in Last Hour, Came Into Today Up For the 2nd Day In A Row; Price Base in Formation Over Past 30 Days
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
GBPNZD Up 25 Pips On Hourly Chart, 5 Day Up Streak Ended; is Inching Close to 20 and 50 Day Averages
Price action traders may also wish to note that we see a doji candlestick pattern on gbpnzd.
GBPNZD Up 11 Pips Over Past Hour, in a Downtrend Over Past 90 Days; Nears 20 and 50 Day Moving Averages
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
GBPNZD Up 3 Pips On Hourly Chart, Moves Up For the 5th Day In A Row; Nears 20 and 50 Day Moving Averages
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
GBPNZD Up 10 Pips in Last Hour, Moves Up For the 4th Straight Day; Breaks Above 20 Day Average
Of note is that the 200 hour changed directions on gbpnzd; it is now pointing up.
GBPNZD Down 2 Pips in Last Hour, Came Into Today Up For the 3rd Day In A Row; Nears 20 Day Moving Average
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
GBPNZD Down 3 Pips Over Past Hour, 3 Day Down Streak Ended; in a Downtrend Over Past 14 Days
This move is a reversal from the hour prior, which saw price move up.