NZD/JPY Up 13 Pips Over Past Hour, 2 Day Down Streak Broken; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated November 19, 2021 1:44 GMT)

At the time of this writing, NZDJPY’s rate is up 1270 pips (0.16%) from the hour prior. NZDJPY has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend 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)

The back and forth price flow continues for NZDJPY, which started today off at 80.38762731, up 44 pips 0.55% from the previous day. Relative to other instruments in the Forex asset class, NZDJPY ranked 6th the previous day in terms of percentage price change. Let’s take a look at price chart of NZDJPY.

NZDJPY

NZDJPY Technical Analysis

Notably, NZDJPY is now close to its 20 and 50 day averages, located at 80.9564 and 79.3758 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. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed up. For additional context, note that price has gone up 18 out of the past 30 days.