(Last Updated February 11, 2021 1:28 GMT)
At the time of this writing, NZDJPY’s rate is up 530 pips (0.07%) from the hour prior. The hourly chart shows that NZDJPY has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 200 hour moving average has been crossed, 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)
The back and forth price flow continues for NZDJPY, which started today off at 75.72508592, down 29 pips 0.38% from the previous day. Out of the 39 instruments in the Forex asset class, NZDJPY ended up ranking 32nd for the day in terms of price change. Below is a price chart of NZDJPY.
NZDJPY Technical Analysis
The first thing we should note is that NZDJPY is now close to its 20 and 50 day averages, located at 74.9491 and 74.3185 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 14 days NZDJPY’s price has gone up 9 them.