It may be worth observing that nzdusd was the worst performer of the 39 members in the forex asset class over the past day.
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time.
Or to simplify this another way, note that out of the past 10 days nzdchf’s price has gone up 7 them.
It’s been a feast for bears operating on an hourly timeframe, as nzdcad has now gone down 4 of the past 5 hours.
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.
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.
Volatility for gbpjpy has been contracting over the past two weeks relative to volatility over the past month.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
Given that we see downtrend on the 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
The closest is the 200 day average, which is 10.4 pips away.