(Last Updated March 26, 2021 23:23 GMT)
At the moment, NZDUSD’s rate is up 6 pips (0.09%) from the hour prior. The hourly chart shows that NZDUSD has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
NZDUSD End of Day Recap
Updated 00:30 GMT (04:30 EST)
NZDUSD is down 1 pips (0.02%) since the day prior (opening today near 0.69659), marking the 6th straight day a decline has happened. Relative to other instruments in the Forex asset class, NZDUSD ranked 32nd the day prior in terms of percentage price change. The price chart of NZDUSD below illustrates.
NZDUSD Technical Analysis
The first thing we should note is that the current price of NZDUSD is sitting close to its 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 200 day average, which is 103.2 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe. Or to simplify this another way, note that out of the past 10 days NZDUSD’s price has gone down 8 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing doji and pin bar patterns appearing here.