NZD/JPY Down 12 Pips On Hourly Chart, Makes Big Move Relative to Past Two Months; Came Into Today Up For the 4th Straight Day

Hourly Update

(Last Updated September 8, 2022 1:42 GMT)

Currently, NZDJPY’s rate is down -1220 pips (-0.14%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists 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 up 116 pips (1.34%) since the previous day (opening today near 87.547316472), marking the 4th straight day an upward move has occurred. Compared to its peers in the Forex, NZDJPY gave its buyers a return that ranked 4th in terms of percentage change since the previous day. Let’s take a look at price chart of NZDJPY.

NZDJPY

NZDJPY Technical Analysis

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. For additional context, note that price has gone up 9 out of the past 14 days.