NZDJPY Up 2 Pips On Hourly Chart, Came Into Today Up For the 4th Consecutive Day; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated September 6, 2021 23:21 GMT)

At the time of this writing, NZDJPY’s rate is up 240 pips (0.03%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 20 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 36 pips (0.46%) since the previous day (opening today near 78.51796104), marking the 4th consecutive day an increase has occurred. Out of the 39 instruments in the Forex asset class, NZDJPY ended up ranking 8th for the day in terms of price change. Below is a price chart of NZDJPY.

NZDJPY

NZDJPY Technical Analysis

Coming into today NZDJPY is now close to its 20, 50, 100 and 200 day averages, located at 76.7958, 76.9567, 77.7304 and 76.7267 respectively, and thus may be at a key juncture along those timeframes. 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 78.8 pips away. It should be noted, though, the 50 day simple moving average turned upwards, which may be a bullish sign. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe. For additional context, note that price has gone up 8 out of the past 10 days.