(Last Updated September 14, 2022 1:42 GMT)
Currently, NZDJPY’s rate is down -1180 pips (-0.14%) from the hour prior. This is the 2nd hour in a row NZDJPY has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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)
The back and forth price flow continues for NZDJPY, which started today off at 86.576244, down 94 pips 1.07% from the day prior. Compared to its peers in the Forex, NZDJPY gave its buyers a return that ranked 31st in terms of percentage change since the day prior. Here is a price chart of NZDJPY.
NZDJPY Technical Analysis
Notably, the current price of NZDJPY 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 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 10 days NZDJPY’s price has gone up 7 them.
The View From Around the Web
Not much in terms quality buy/sell signals we’re seeing for NZDJPY; just 2 sell signals and 0 buy signals. This imputes a buy/sell ratio of 0, which is quite bearish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.
NZDJPY SELL @87.350TP1 @87.150TP2 @86.850TP3 @86.350SL @87.900Note:- Use exact Entry or below this level. Trade in sell Stop only.