| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The GBP/NZD currency pair has been trading within a descending triangle pattern since the middle of April.
Note that the pair is pressured by the 200-hour moving average near 2.0650. Thus, a breakout south from the pattern could occur in the nearest future. In this case the pair could gain support from the monthly S1 and the Fibo 38.20% at 1.9900.
On the other hand, the exchange rate could gain support from the 55– and 100-hour SMAs near 2.0600 and breach the given pattern north. Note that the rate would have to surpass the psychological level at 2.0980.