NZDJPY Up 2 Pips On Hourly Chart, Moves Up For the 2nd Day In A Row; Crosses 100 Day Moving Average

Hourly Update

(Last Updated October 12, 2021 0:22 GMT)

At the moment, NZDJPY’s rate is up 210 pips (0.03%) from the hour prior. This is the 2nd straight hour NZDJPY has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on NZDJPY. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 38 pips (0.49%) since the day prior (opening today near 77.79153135), marking the 2nd day in a row an increase has occurred. Compared to its peers in the Forex, NZDJPY gave its buyers a return that ranked 4th in terms of percentage change since the day prior. The price chart of NZDJPY below illustrates.

NZDJPY

NZDJPY Technical Analysis

Notably, NZDJPY crossed above its 100 day moving average yesterday. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 100 day average, which is 28.3 pips away. For additional context, note that price has gone up 15 out of the past 30 days.