The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.
Or to simplify this another way, note that out of the past 14 days gbpnzd’s price has gone down 8 them.
It should be noted, though, the 20 day simple moving average turned downwards, which may be a bearish sign.
It should be noted, though, that a trend in the opposite direction, going up, exists on the 30 day timeframe.
Compared to its peers in the forex, gbpnzd gave its buyers a return that ranked 33rd in terms of percentage change since yesterday.
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
This is a reversal of the price action on the previous hour, in which price moved down.
As for the rationale, technical traders seem to be citing the appearance of demand zone and fibonacci technical patterns.
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.
Volatility for gbp/nzd has been contracting over the past two weeks relative to volatility over the past month.