(Last Updated September 10, 2021 2:21 GMT)
Currently, NZDJPY’s rate is down -1000 pips (-0.13%) from the hour prior. This is the 2nd consecutive hour NZDJPY has seen its price head down. Regarding the trend, note that the strongest trend exists 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.
NZDJPY End of Day Recap
Updated 00:30 GMT (04:30 EST)
NZDJPY is down 25 pips (0.32%) since the previous day (opening today near 78.00017508), marking the 4th consecutive day a decrease has occurred. Compared to its peers in the Forex, NZDJPY gave its buyers a return that ranked 26th in terms of percentage change since the previous day. Here is a price chart of NZDJPY.
NZDJPY Technical Analysis
Notably, NZDJPY is now close to its 20, 50, 100 and 200 day averages, located at 76.9553, 77.0025, 77.7572 and 76.8262 respectively, and thus may be at a key juncture along those timeframes. 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 24.3 pips away. 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 30 days NZDJPY’s price has gone down 16 them.