(Last Updated March 26, 2021 23:22 GMT)
At the time of this writing, NZDJPY’s rate is up 780 pips (0.1%) from the hour prior. The hourly chart shows that NZDJPY has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being 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)
After 5 down days, NZDJPY snaps its streak, rising 29 pips (0.39%) over the past day to close at an exchange rate of 76.07250413. Relative to other instruments in the Forex asset class, NZDJPY ranked 12th the day prior in terms of percentage price change. Below is a price chart of NZDJPY.
NZDJPY Technical Analysis
Coming into today the current price of NZDJPY is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 17 out of the past 30 days.