NZDJPY Up 6 Pips On Hourly Chart, 2 Day Down Streak Ended; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated April 9, 2021 3:22 GMT)

At the time of this writing, NZDJPY’s rate is up 640 pips (0.08%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as NZDJPY has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 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)

The back and forth price flow continues for NZDJPY, which started today off at 77.2005549, up 19 pips 0.25% from the previous day. Compared to its peers in the Forex, NZDJPY gave its buyers a return that ranked 7th in terms of percentage change since the previous day. Here is a price chart of NZDJPY.

NZDJPY

NZDJPY Technical Analysis

Notably, NZDJPY is now close to its 20, 50 and 100 day averages, located at 77.4156, 77.0164 and 75.4188 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 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.