NZD/JPY Up 15 Pips On 4 Hour Chart, 5 Day Up Streak Snapped; in an Uptrend Over Past 30 Days

NZD/JPY 4 Hour Price Update

Updated July 23, 2020 09:21 AM GMT (05:21 AM EST)

NZD/JPY is up 15 pips (0.21%) since the previous 4 hours (opening the current 4 hour candle near 71.618), marking the 2nd candle in a row it has gone up. NZD/JPY outperformed all 37 assets in the Forex asset class the previous 4 hours. Congrats to its holders!

NZD/JPY End of Day Recap

Updated 00:30 GMT (04:30 EST)

After 5 up days, NZD/JPY snaps its streak, falling 3 pips (-0.04%) over the past day to close at an exchange rate of 71.3527143. Compared to its peers in the Forex, NZD/JPY gave its buyers a return that ranked 35th in terms of percentage change since the day prior. Here is a price chart of NZD/JPY.

NZD/JPY Technical Analysis

The first thing we should note is that NZD/JPY is now close to its 20 day moving averages, which may act as price barrier for the asset. 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 20 day average, which is 101 pips away. 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 8 out of the past 14 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!