(Last Updated January 15, 2021 3:20 GMT)
At the moment, EURNZD’s rate is up 8 pips (0.04%) from the hour prior. EURNZD has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. 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)
The back and forth price flow continues for EURNZD, which started today off at 1.68282, down 103 pips 0.61% from yesterday. Compared to its peers in the Forex, EURNZD gave its buyers a return that ranked 38th in terms of percentage change since yesterday. Here is a price chart of EURNZD.
EURNZD Technical Analysis
The first thing we should note is that the current price of EURNZD is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 6 out of the past 10 days.