GBP/NZD Down 22 Pips in Last 4 Hours, Makes Big Move Relative to Past Month; is Inching Close to 20 Day Average
As for the rationale, technical traders seem to be citing the appearance of a channel technical pattern.
GBPNZD
(Last Updated April 7, 2020)
Hello! This is the news page for GBPNZD. Below you’ll find our daily market updates. Here’s a summary of where things currently stand:
The Latest News On Trends by Moving Averages
Here is what the moving averages are indicating about the trend in the rate of GBPNZD:
20 Day Moving Average Direction: bullish
50 Day Moving Average Direction: bullish
100 Day Moving Average Direction: bullish
200 Day Moving Average Direction: bullish
How the Current GBPNZD Rate Fares Relative to the Past Year?
The previous trading day saw GBPNZD close at a rate of 2.0571. On a relative basis, that puts the pair closer to its 52 week high (currently at 2.17821) than its 52 week low (now at 1.8279).To dig deeper and get the latest news on GBPNZD, try the links below. You can also visit the MarketWatch or Investing.com pages on GBPNZD for more news as well.
GBP/NZD Down 84 Pips Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Crosses 20 and 50 Day Moving Averages
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
GBP/NZD Makes Big Move Relative to Past Month, Moves Down For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was up 11.4% from the day prior, but down 6.46% from the same day the week before.
GBP/NZD Down 8 Pips, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
As for the rationale, technical traders seem to be citing the appearance of a trendline technical pattern.
GBP/NZD Makes Big Move Relative to Past Month, Up 51 Pips; in an Uptrend Over Past 90 Days
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
GBP/NZD Makes Big Move Relative to Two Week Trend, 2 Day Down Streak Snapped; in an Uptrend Over Past 30 Days
This imputes a buy/sell ratio of 0.43, which is bearish.
GBP/NZD Makes Big Move Relative to Two Week Trend, Up 205 Pips; in an Uptrend Over Past 30 Days
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
GBP/NZD Makes Big Move Relative to Two Week Trend, Moves Down For the 2nd Day In A Row; in an Uptrend Over Past 30 Days
Out of the 40 instruments in the forex asset class, gbp/nzd ended up ranking 30th for the day in terms of day-over-day price change.
GBP/NZD Down 109 Pips; in an Uptrend Over Past 30 Days
Relative to other instruments in the forex asset class, gbp/nzd ranked 29th yesterday in terms of percentage price change.
GBP/NZD Makes Big Move Relative to Past Three Months, Up 184 Pips; Pin Bar Pattern Appearing on Chart
As for the rationale, technical traders seem to be citing the appearance of a channel technical pattern.