(Last Updated June 2, 2021 2:22 GMT)
Currently, NZDJPY’s rate is up 1600 pips (0.2%) from the hour prior. This is the 2nd hour in a row NZDJPY has seen its price head up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 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 entered today at 79.38678992, down 30 pips (0.38%) from yesterday. Relative to other instruments in the Forex asset class, NZDJPY ranked 32nd yesterday 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 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 6 out of the past 10 days.