NZD/JPY Up 5 Pips On Hourly Chart, Came Into Today Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated September 13, 2022 1:44 GMT)

Currently, NZDJPY’s rate is up 490 pips (0.06%) 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 50 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)

NZDJPY is up 37 pips (0.43%) since the previous day (opening today near 87.5159272), marking the 2nd day in a row an increase has occurred. Relative to other instruments in the Forex asset class, NZDJPY ranked 12th the previous day in terms of percentage price change. Here is a price chart of NZDJPY.

NZDJPY

NZDJPY Technical Analysis

Coming into today NZDJPY is now close to its 20 day averages, located at 85.5429 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.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for NZDJPY; just 2 sell signals and 0 buy signals. This imputes a buy/sell ratio of 0, which is quite bearish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

I can see a good chance for entry on this pair on daily chart . When = if entry conditions are met, I will update this trade as usual. If you follow me, you are going to get the message. Please do not enter before clear rejection candle on at least 8H chart. I´m not a signal service, do not publish 20 ideas in a day with 30-40% winning ratio, but I do my best to make you some money. If you want to ask, discuss or comment, please do it here. We are learning together. Check my previous ideas if you want to trade this idea. Wish you good luck.