EUR/NZD Up 17 Pips in Last Hour, 2 Day Down Streak Broken; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated April 22, 2022 1:44 GMT)

At the time of this writing, EURNZD’s rate is up 17 pips (0.1%) from the hour prior. The hourly chart shows that EURNZD has seen 2 straight up 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 entered today at 1.60915, up 98 pips (0.61%) from yesterday. Compared to its peers in the Forex, EURNZD gave its buyers a return that ranked 11th in terms of percentage change since yesterday. The price chart of EURNZD below illustrates.

EURNZD

EURNZD Technical Analysis

The first thing we should note is that EURNZD is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed down. Or to simplify this another way, note that out of the past 14 days EURNZD’s price has gone up 8 them.