EUR/NZD Up 13 Pips in Last Hour, Entered Today Up For the 2nd Straight Day; Breaks Above 50, 100 and 200 Day Averages

Hourly Update

(Last Updated September 30, 2021 21:35 GMT)

At the time of this writing, EURNZD’s rate is up 13 pips (0.08%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as EURNZD has now gone down 8 of the past 10 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

EURNZD End of Day Recap

Updated 00:30 GMT (04:30 EST)

EURNZD is up 94 pips (0.56%) since yesterday (opening today near 1.68892), marking the 2nd straight day an increase has occurred. Compared to its peers in the Forex, EURNZD gave its buyers a return that ranked 5th in terms of percentage change since yesterday. Let’s take a look at price chart of EURNZD.

EURNZD

EURNZD Technical Analysis

Notably, EURNZD crossed above its 50, 100 and 200 day moving averages yesterday. 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 100 day average, which is 31.9 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 and 90 day timeframes. For additional context, note that price has gone up 7 out of the past 10 days.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for EURNZD; just 3 sell signals and 3 buy signals. This imputes a buy/sell ratio of 1, which is neutral. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

Hey tradomaniacs,welcome to another free trading-setup.EUR/NZD: Daytrade-Preparation Market-Buy: 1.67530 Stop-Loss: 1.67070 Point of Risk-Reduction: 1.68100 Take-Profit: 1.70500 Stop-Loss: 42 pips Risk: 0,5% -1% Risk-Reward: 7,0 https://www.tradingview.com/x/GXoyLnR2/ LEAVE A LIKE AND A COMMENT – I appreciate every support! =) Peace and good tradesIrasorWanna see more? Don`t forget to follow me