NZD/USD 4 Hour Price Update
Updated March 25, 2020 01:39 PM GMT (09:39 AM EST)
A moment of silence, please, for the end of NZD/USD’s 5 four-hour candle up streak; price ended the last 4 hour candle down 37 pips (-0.63%) to finish the four-hour candle at a rate of 0.5835. Out of the 40 instruments in the Forex asset class, NZD/USD ended up ranking 35th for the four-hour candle in terms of price change.
NZD/USD End of Day Recap
Updated 00:30 GMT (04:30 EST)
NZD/USD is up 5 pips (0.09%) since the previous day (opening today near 0.583), marking the 3rd day in a row an increase has occurred. Out of the 40 instruments in the Forex asset class, NZD/USD ended up ranking 19th for the day in terms of price change. Here is a price chart of NZD/USD.
NZD/USD Technical Analysis
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 20 day average, which is 211.8 pips away. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 6 out of the past 10 days.
The View From Around the Web
Of note is that traders in aggregate have opinions on NZDUSD, with 4 buy signals on our radar and 14 sell signals. This imputes a buy/sell ratio of 0.29, which is bearish. As for the rationale, technical traders seem to be citing the appearance of flag and pennant technical patterns. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.
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