EUR/NZD Makes Big Move Relative to Past Three Months, Up 302 Pips; in an Uptrend Over Past 14 Days

EUR/NZD Price Recap

The choppiness in the recent daily price action of EUR/NZD continues; to start today, it comes in at a price of 1.80482 US dollars, up 302 pips (1.7%) since yesterday. The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 27.86% from the day prior, and up 79.47% from the same day the week before. Out of the 40 instruments in the Forex asset class, EUR/NZD ended up ranking 12th for the day in terms of day-over-day price change. Below is a price chart of EUR/NZD.

EUR/NZD Technical Analysis

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. The closest is the 20 day average, which is 755.1 pips away. 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 EUR/NZD’s price has gone up 8 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

The View From Around the Web

Of note is that traders in aggregate have opinions on EURNZD, with 1 buy signals on our radar and 4 sell signals. This imputes a buy/sell ratio of 0.25, which is bearish. Here’s a piece we found on that we thought you might enjoy.