EURNZD Down 3 Pips in Last Hour, Crosses 50 Day Moving Average; in a Downtrend Over Past 14 Days

Hourly Update

(Last Updated April 27, 2021 2:19 GMT)

At the time of this writing, EURNZD’s rate is down -3 pips (-0.02%) from the hour prior. This is the 2nd hour in a row EURNZD has seen its price head down. 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 20, 50, 100 and 200 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 1.67059, down 90 pips (0.53%) from yesterday. Relative to other instruments in the Forex asset class, EURNZD ranked 33rd yesterday in terms of percentage price change. Below is a price chart of EURNZD.

EURNZD

EURNZD Technical Analysis

Notably, EURNZD crossed below its 50 day moving average 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 50 day average, which is 10.6 pips away. It should be noted, though, the 50 day simple moving average turned downwards, which may be a bearish sign. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 14 days EURNZD’s price has gone down 7 them.