EURNZD Down 2 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; in a Downtrend Over Past 90 Days

Hourly Update

(Last Updated February 22, 2021 23:19 GMT)

Currently, EURNZD’s rate is down -2 pips (-0.01%) from the hour prior. The hourly chart shows that EURNZD has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend 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)

EURNZD entered today at 1.66066, down 143 pips (0.85%) from the previous day. Compared to its peers in the Forex, EURNZD gave its buyers a return that ranked 37th in terms of percentage change since the previous day. Below is a price chart of EURNZD.

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 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 7 out of the past 14 days.