Skip to content
  • Forex News
    • EURUSD
    • GBPUSD
    • GBPJPY
    • USDTRY
  • Crypto
    • Bitcoin
    • Ethereum
    • Bitcoin Cash
    • Litecoin
  • Metals
    • Gold
    • Silver
    • Copper
    • Platinum
  • Energy
    • Crude Oil
    • Brent
    • Natural Gas
    • Gasoline
  • Equity Indices
    • Russell 2000
    • S&P 500
    • FTSE 100
    • Nikkei 225
  • US Stocks
  • Free Trading Course
  • About+
    • Contact
    • Contributors
    • Our Mission: Help Traders Make Better Decisions
    • Widgets for Crypto, Stock Indices, and More

GBPNZD

(Last Updated April 15, 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
United Kingdom BoE Credit Conditions Survey NA British Pound GBP 2021-04-15 08:30 GMT
New Zealand Business NZ PMI Mar 2021 New Zealand Dollar NZD 2021-04-15 22:30 GMT
United Kingdom BoE Cunliffe Speech NA British Pound GBP 2021-04-16 09:00 GMT

The Trend

As for trends on GBPNZD, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 and 30 day timeframes. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.

GBPNZD Moving Averages

GBPNZD’s moving averages suggest the trend on a number of time horizons is bullish.

Below is a chart showing GBPNZD’s price with its moving averages.

Regarding GBPNZD’s correlations over the past 7 days, it has demonstrated the strongest correlation with GBPAUD. GBPAUD is the asset with which GBPNZD has been most correlated with over the past two weeks as well, so this may be a structural correlation in the market. Alternatively, the asset least correlated with GBPNZD over the past week has been USDTRY, but if we observe the prior two weeks, USDHKD has been the asset least correlated with GBPNZD. See the chart below to observe the recent price action in GBPNZD versus those of assets it hasn’t been well correlated with.

.

The View From the Weekly Timeframe

At the time of this writing, GBPNZD’s rate is down -185 pips (-0.95%) from the week prior. Moreover, note that the weekly chart shows that GBPNZD has seen 3 straight down weeks. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists 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. The weekly chart below shows GBPNZD’s price action over the past year.

GBPNZD: The Monthly View

Strongest trend on the 60 month timeframe.

GBPNZD Up 2 Pips Over Past Hour, 2 Day Down Streak Broken; Eyes 20 Day Average

Categories Forex News Tags GBPNZD
April 8, 2021April 7, 2021

Or to simplify this another way, note that out of the past 10 days gbpnzd’s price has gone up 5 them.

GBPNZD Down 0 Pips Over Past Hour, in an Uptrend Over Past 90 Days; Eyes 20 Day Average

Categories Forex News Tags GBPNZD
April 7, 2021April 6, 2021

The closest is the 20 day average, which is 49.3 pips away.

GBPNZD Down 12 Pips On Hourly Chart, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart

Categories Forex News Tags GBPNZD
April 6, 2021April 5, 2021

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.

GBPNZD Up 5 Pips Over Past Hour, in an Uptrend Over Past 14 Days; Social Sentiment Biased Towards Selling

Categories Forex News Tags GBPNZD
April 5, 2021April 2, 2021

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.

GBPNZD Down 3 Pips On Hourly Chart, 2 Day Up Streak Ended; in an Uptrend Over Past 14 Days

Categories Forex News Tags GBPNZD
April 3, 2021March 31, 2021

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.

GBPNZD Down 0 Pips Over Past Hour, in an Uptrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart

Categories Forex News Tags GBPNZD
April 1, 2021March 30, 2021

Price action traders may also wish to note that we see a pin bar candlestick pattern on gbpnzd.

GBPNZD Up 2 Pips Over Past Hour; in an Uptrend Over Past 14 Days

Categories Forex News Tags GBPNZD
March 31, 2021March 26, 2021

Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.

GBPNZD Down 5 Pips Over Past Hour; in an Uptrend Over Past 14 Days

Categories Forex News Tags GBPNZD
March 26, 2021March 25, 2021

The closest is the 20 day average, which is 358.5 pips away.

GBPNZD Down 5 Pips On Hourly Chart, 4 Day Up Streak Broken; Doji and Pin Bar Patterns Appearing on Chart

Categories Forex News Tags GBPNZD
March 26, 2021March 24, 2021

For additional context, note that price has gone up 18 out of the past 30 days.

GBPNZD Down 5 Pips Over Past Hour, Makes Big Move Relative to Past Month; Moves Up For the 4th Straight Day

Categories Forex News Tags GBPNZD
March 25, 2021March 23, 2021

The closest is the 200 day average, which is 333.9 pips away.

Post navigation
Older posts
Newer posts
← Previous 1 2 3 … 29 Next →
+ More
© 2021 CFDTrading

747 Third Avenue
New York, NY 10017 USA

Brokers and Publishers: Advertise | Widgets

Follow on social media: Facebook | Twitter | LinkedIn

Scroll back to top