NZD/JPY Down 11 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; Breaks Below 50 and 200 Day Averages

Hourly Update

(Last Updated September 30, 2021 21:38 GMT)

At the time of this writing, NZDJPY’s rate is down -1130 pips (-0.15%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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 70 pips (0.9%) since the previous day (opening today near 76.885783), marking the 2nd straight day a decline has happened. Compared to its peers in the Forex, NZDJPY gave its buyers a return that ranked 38th in terms of percentage change since the previous day. Here is a price chart of NZDJPY.


NZDJPY Technical Analysis

Notably, NZDJPY crossed below its 50 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 200 day average, which is 21.7 pips away. It should be noted, though, the 20 day simple moving average turned downwards, which may be a bearish sign. Or to simplify this another way, note that out of the past 14 days NZDJPY’s price has gone down 8 them.