By IFCMarkets
Rising food prices in New Zealand bearish for GBPNZD
Food prices rose in New Zealand in March: the food price index rose 0.7% after no change February. At the same time, retail sales fell in UK: same-store retail sales fell 3.5% in March after 0.4% decline in February. These developments are bearish for GBPNZD.
Indicator | VALUE | Signal |
---|---|---|
RSI | Neutral | |
MACD | Sell | |
Donchian Channel | Neutral | |
MA(200) | Buy | |
Fractals | Sell | |
Parabolic SAR | Sell |
Summary of technical analysis
Order | Sell |
Buy stop | Below 2.0703 |
Stop loss | Above 2.0840 |
Market Analysis provided by IFCMarkets