The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
Or to simplify this another way, note that out of the past 14 days nzdjpy’s price has gone up 9 them.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
For additional context, note that price has gone up 10 out of the past 14 days.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
Compared to its peers in the forex, gbpchf gave its buyers a return that ranked 34th in terms of percentage change since the previous day.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
This move is a reversal from the hour prior, which saw price move down.