(Last Updated February 25, 2021 0:24 GMT)
At the moment, NZDJPY’s rate is up 680 pips (0.09%) from the hour prior. NZDJPY has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
NZDJPY End of Day Recap
Updated 00:30 GMT (04:30 EST)
NZDJPY is up 34 pips (0.44%) since the previous day (opening today near 77.28218366), marking the 4th straight day it has gone up. Compared to its peers in the Forex, NZDJPY gave its buyers a return that ranked 12th 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 day averages, located at 75.8646 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 10 days.