If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
Relative to other instruments in the forex asset class, nzdjpy ranked 7th yesterday in terms of percentage price change.
This is a reversal of the price action on the previous hour, in which price moved down.
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up.
For additional context, note that price has gone down 16 out of the past 30 days.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
The closest is the 20 day average, which is 141.6 pips away.
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.