GBP/NZD Up 56 Pips Over Past 4 Hours, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone down 16 out of the past 30 days.
GBPNZD
(Last Updated July 7, 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
Across several time periods between 20 and 200 days, the trend on GBPNZD has remained consistently bearish.
The chart below illustrates.
Regarding GBPNZD’s correlations over the past 7 days, it has been most correlated with USDCAD. Over the past 14 days, however, GBPAUD is the asset most correlated to GBPNZD. Alternatively, the asset least correlated with GBPNZD over the past week has been EURCHF, but over the past two weeks, GBPUSD 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.
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GBP/NZD Down 59 Pips On 4 Hour Chart, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
Volatility for gbp/nzd has been contracting over the past two weeks relative to volatility over the past month.
GBP/NZD Down 72 Pips On 4 Hour Chart, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
Volatility for gbp/nzd has been contracting over the past two weeks relative to volatility over the past month.
GBP/NZD Down 17 Pips On 4 Hour Chart, 2 Day Down Streak Snapped; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone down 7 out of the past 14 days.
GBP/NZD Down 38 Pips in Last 4 Hours; in a Downtrend Over Past 30 Days
As for the rationale, technical traders seem to be citing the appearance of channel and divergence technical patterns.
GBP/NZD Down 51 Pips in Last 4 Hours, 3 Day Up Streak Broken; Pin Bar Pattern Appearing on Chart
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
GBP/NZD Up 84 Pips On 4 Hour Chart, Moves Up For the 2nd Day In A Row; in a Downtrend Over Past 30 Days
As for the rationale, technical traders seem to be citing the appearance of a channel technical pattern.
GBP/NZD Up 17 Pips in Last 4 Hours, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
As for the rationale, technical traders seem to be citing the appearance of a channel technical pattern.
GBP/NZD Down 20 Pips Over Past 4 Hours, in a Downtrend Over Past 30 Days; Social Sentiment Biased Towards Buying
This imputes a buy/sell ratio of 4.6, which is bullish.
GBP/NZD Up 17 Pips On 4 Hour Chart; in a Downtrend Over Past 14 Days
This imputes a buy/sell ratio of 3.75, which is bullish.