(Last Updated March 26, 2021 1:22 GMT)
At the moment, NZDJPY’s rate is up 780 pips (0.1%) from the hour prior. This is the 2nd consecutive hour NZDJPY has seen its price head up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning above it. 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.
NZDJPY End of Day Recap
Updated 00:30 GMT (04:30 EST)
NZDJPY is down 9 pips (0.11%) since yesterday (opening today near 75.77944752), marking the 5th straight day a decrease has occurred. Compared to its peers in the Forex, NZDJPY gave its buyers a return that ranked 22nd in terms of percentage change since yesterday. Here is a price chart of NZDJPY.
NZDJPY Technical Analysis
Coming into today the current price of NZDJPY is sitting close to its 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 10 days NZDJPY’s price has gone down 7 them.