EURNZD Up 4 Pips Over Past Hour, in a Downtrend Over Past 90 Days; Eyes 20 and 50 Day Averages

Hourly Update

(Last Updated April 5, 2021 2:19 GMT)

At the time of this writing, EURNZD’s rate is up 4 pips (0.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Of note is that the 20 hour changed directions on EURNZD; it is now pointing down. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

EURNZD End of Day Recap

Updated 00:30 GMT (04:30 EST)

EURNZD entered today at 1.67705, up 1 pips (0.01%) from the previous day. Compared to its peers in the Forex, EURNZD gave its buyers a return that ranked 20th in terms of percentage change since the previous day. The price chart of EURNZD below illustrates.

EURNZD

EURNZD Technical Analysis

Notably, EURNZD is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. It should be noted, though, that a trend in the opposite direction, going up, exists on the 30 day timeframe. Or to simplify this another way, note that out of the past 14 days EURNZD’s price has gone up 7 them. And for candlestick traders, a special treat: there is a doji pattern showing up on the charts as well. Rejoice!