GBPNZD

It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe.

Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.

Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

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.

Bulls may note that this suggests a buy/sell ratio that is infinite.

It should be noted, though, the 200 day simple moving average turned upwards, which may be a bullish sign.

For additional context, note that price has gone down 17 out of the past 30 days.

Volatility for gbpnzd has been contracting over the past two weeks relative to volatility over the past month.

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down.

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down.