NZDJPY

(Last Updated July 10, 2020)

Hello! This is the news page for NZDJPY. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

On NZDJPY, there is currently an uptrend on the 90 and 14 day timeframes.

NZDJPY Moving Averages

NZDJPY’s moving averages suggest the trend on a number of time horizons is bullish.

The chart below illustrates.

In terms of correlations over the past week for NZDJPY, it has been most correlated with CHFJPY. Over the past 14 days, however, the asset showing the strongest correlation to NZDJPY is NZDUSD. On the flip side, EURCHF has been the asset least correlated with NZDJPY — but if we observe the prior two weeks, USDJPY has been the asset least correlated with NZDJPY. The chart below illustrates NZDJPY against its least correlated assets.

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The View From the Weekly Timeframe

At the moment, NZDJPY’s rate is up 0.3888 (0.55%) from the week prior. Moreover, note that the weekly chart shows that NZDJPY has seen 3 straight up weeks. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bearishess in price, as the 20 and 50 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. NZDJPY’s weekly price action over the past 52 weeks can be seen via the chart below.