NZDUSD Down 4 Pips in Last Hour, Moves Up For the 8th Straight Day; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated November 12, 2020 22:20 GMT)

At the time of this writing, NZDUSD’s rate is down -4 pips (-0.06%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as NZDUSD has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

NZDUSD End of Day Recap

Updated 00:30 GMT (04:30 EST)

NZDUSD is up 62 pips (0.9%) since the day prior (opening today near 0.68815), marking the 8th straight day an increase has occurred. Compared to its peers in the Forex, NZDUSD gave its buyers a return that ranked 5th in terms of percentage change since the day prior. The price chart of NZDUSD below illustrates.

NZDUSD

NZDUSD Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 14 days NZDUSD’s price has gone up 10 them.