GBPNZD Up 22 Pips On Hourly Chart; Moves Down For the 3rd Consecutive Day

2 mins read
GBPNZD

Hourly Update (Last Updated January 7, 2021 14:21 GMT) At the time of this writing, GBPNZD’s rate is up 22 pips (0.12%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as GBPNZD has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on GBPNZD. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often…

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