(Last Updated September 23, 2022 1:42 GMT)
Currently, NZDJPY’s rate is down -510 pips (-0.06%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend 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)
NZDJPY is down 125 pips (1.48%) since the previous day (opening today near 83.2314603), marking the 4th day in a row it has gone down. Out of the 39 instruments in the Forex asset class, NZDJPY ended up ranking 38th for the day in terms of price change. Here is a price chart of NZDJPY.
NZDJPY Technical Analysis
Notably, NZDJPY is now close to its 50, 100 and 200 day averages, located at 85.1954, 84.5253 and 82.3758 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 7 out of the past 10 days.
The View From Around the Web
Not much in terms quality buy/sell signals we’re seeing for NZDJPY; just 1 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.
✅Pair Name : CAD/JPY📉Time Frame : 4hrsScale Type : Large Scale Analysis Way : Volume + Classic + High & low + Market Map Direction : / Short➕ Educational —————**-🔰 Update – VIP Opportunity ————🔰Down + 70 PIP.Target Hit ( 1 )+ 5 % Account Growth