The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
For additional context, note that price has gone up 19 out of the past 30 days.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
Price action traders may also wish to note that we see a pin bar candlestick pattern on nzdcad.
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
The closest is the 200 day average, which is 30.2 pips away.
Relative to other instruments in the forex asset class, gbpjpy ranked 11th the previous day in terms of percentage price change.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
This move is a reversal from the hour prior, which saw price move down.
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.