(Last Updated September 8, 2021 0:22 GMT)
Currently, NZDJPY’s rate is up 430 pips (0.05%) 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 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)
A moment of silence, please, for the end of NZDJPY’s 4 day up streak; price ended the previous day down 14 pips (-0.17%) to finish the day at a rate of 78.38177333. Relative to other instruments in the Forex asset class, NZDJPY ranked 33rd the previous day in terms of percentage price change. Here is a price chart of NZDJPY.
NZDJPY Technical Analysis
Notably, the current price of NZDJPY is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 100 day average, which is 64.5 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed down. For additional context, note that price has gone up 7 out of the past 10 days.