| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
Since the end of August, the GBP/NZD exchange rate has been trading downwards, guided by a descending trend line.
It is likely that some downside potential could prevail in the market, as the currency pair is pressured by the 55– and 100-period moving averages in the 1.9900 area. In this case the pair could gain support from the Fibo 61.80% at 1.9218.
In the meantime, it is unlikely that bulls could prevail in the market, and the exchange rate could exceed the Fibo 23.60% at 2.0308 in the nearest future.