GBP/NZD: Dovish RBNZ to underpin further advances – DBS Bank
- ByFXStreet-
GBP/NZD is recovering from a recent 1.8713 low and appears to be pushing higher on a near-term bullish falling wedge pattern. The cross faces the risk
Symbol | Exchange | Currency |
|---|
GBP/NZD is recovering from a recent 1.8713 low and appears to be pushing higher on a near-term bullish falling wedge pattern. The cross faces the risk
The New Zealand dollar is following in the footsteps of the risk-sensitive currencies that were pounded on Tuesday.
GBPAUD and GBPNZD cross pairs may have a completed five-wave bearish cycle that can be followed by a three-wave A-B-C corrective pullback.
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.It was an extremely volatile day for sterling. Taking a look at how GBP/USD traded on an intraday basis,...
Type | 5 Min | 15 Min | Hourly | Daily | Monthly |
|---|---|---|---|---|---|
| Moving Averages | Strong Sell | Sell | Buy | Strong Buy | Sell |
| Technical Indicators | Strong Sell | Strong Sell | Buy | Strong Buy | Sell |
| Summary | Strong Sell | Strong Sell | Buy | Strong Buy | Sell |
Pattern | Timeframe | Reliability | Candles Ago | Candle Time | |
|---|---|---|---|---|---|
| Completed Patterns | |||||
| Three White Soldiers | 1M | 4 | Jan 22 | ||
| Three Black Crows | 15 | 4 | May 16, 2022 02:45 | ||
| Engulfing Bearish | 1D | 4 | May 11, 2022 | ||
| Engulfing Bullish | 30 | 15 | May 15, 2022 20:00 | ||
| Three Black Crows | 1M | 23 | Jun 20 | ||
Time | Cur. | Imp. | Event | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| Mon, May 16, 2022 | ||||||
| 01:30 | GBP | 44.60% | 45.90% | |||
| 01:30 | NZD | 50.00% | 53.70% | |||
| 10:15 | GBP | |||||
| 23:00 | NZD | 53.70% | ||||
| Tue, May 17, 2022 | ||||||
| 02:00 | GBP | 4.20% | 4.00% | |||
| 02:00 | GBP | 5.40% | 5.40% | |||
| 02:00 | GBP | -38.80K | -46.90K | |||
| 02:00 | GBP | 5.00K | 10.00K | |||
| 02:00 | GBP | 0.70% | ||||
| 02:00 | GBP | 3.80% | 3.80% | |||
| 05:00 | GBP | 1.58% | ||||
| 11:00 | NZD | -8.50% | ||||
| 11:05 | GBP | |||||
| 18:45 | NZD | 1.10% | ||||
| 18:45 | NZD | 1.40% | ||||
Bank of England(BOE) | ||
| Current Rate | 1.00% | |
| Chairman | Andrew Bailey |
| Current Rate | 1.50% | |
| Chairman | Graeme Wheeler |