Compared to its peers in the forex, eurnzd gave its buyers a return that ranked 37th in terms of percentage change since the previous day.
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
Of note is that the 20 hour changed directions on eurnzd; it is now pointing up.
Price action traders may also wish to note that we see a doji candlestick pattern on eurnzd.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down.
This move is a reversal from the hour prior, which saw price move up.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
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 clearest trend exists on the 14 day timeframe, which shows price moving down over that time.
Relative to other instruments in the forex asset class, eurnzd ranked 34th yesterday in terms of percentage price change.