NZD/JPY Down 1 Pips Over Past Hour, Makes Big Move Relative to Past Month; Moves Down For the 3rd Consecutive Day
Relative to other instruments in the forex asset class, nzdjpy ranked 37th yesterday in terms of percentage price change.
NZDJPY
(Last Updated April 15, 2021)
Hello! This is the news page for NZDJPY. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for NZDJPY
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| Japan BoJ Gov Kuroda Speech | NA | Japanese Yen | JPY | 2021-04-15 | 01:00 GMT | ||
| New Zealand Business NZ PMI | Mar 2021 | New Zealand Dollar | NZD | 2021-04-15 | 22:30 GMT | ||
| Japan Reuters Tankan Index | Apr 2021 | Japanese Yen | JPY | 2021-04-15 | 23:00 GMT | ||
| Japan Exports YoY | Mar 2021 | Japanese Yen | JPY | 2021-04-18 | 23:50 GMT | ||
| Japan Balance of Trade | Mar 2021 | Japanese Yen | JPY | 2021-04-18 | 23:50 GMT |
The Trend
As for trends on NZDJPY, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.
NZDJPY Moving Averages
The moving averages on NZDJPY summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bullish, implying a upward trend, aside from a drop about 3 weeks prior.
The chart below illustrates.
Regarding NZDJPY’s correlations over the past 7 days, it has been most correlated with EURNZD. If we zoom out to a two week basis, though, the asset showing the strongest correlation to NZDJPY is AUDJPY. Alternatively, the asset least correlated with NZDJPY over the past week has been USDHKD, but if we observe the prior two weeks, the asset least correlated with NZDJPY has been USDMXN. 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 6626 pips (0.86%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows NZDJPY’s price action over the past year.
NZDJPY: The Monthly View
Clearest trend on the monthly is apparent at the 24 month timeframe.
NZDJPY Down 8 Pips in Last Hour, Makes Big Move Relative to Past Month; in a Downtrend Over Past 14 Days
Given that we see downtrend on the 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
NZDJPY Up 11 Pips Over Past Hour, Makes Big Move Relative to Past Month; in a Downtrend Over Past 14 Days
Or to simplify this another way, note that out of the past 10 days nzdjpy’s price has gone down 7 them.
NZDJPY Up 8 Pips in Last Hour, Breaks Below 50 Day Average; Price Base in Formation Over Past 30 Days
Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
NZDJPY Up 0 Pips in Last Hour, Breaks Above 50 Day Average; Price Base in Formation Over Past 30 Days
This move is a reversal from the hour prior, which saw price move down.
NZDJPY Up 7 Pips in Last Hour, Makes Big Move Relative to Past Month; Breaks Below 50 Day Average
It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe.
NZDJPY Down 1 Pips Over Past Hour, Moves Down For the 3rd Consecutive Day; is Inching Close to 20 and 50 Day Averages
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.
NZDJPY Up 1 Pips in Last Hour, Moves Down For the 3rd Consecutive Day; Price Base in Formation Over Past 14 Days
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
NZDJPY Down 1 Pips Over Past Hour, Came Into Today Down For the 2nd Straight Day; is Inching Close to 20 and 50 Day Averages
Relative to other instruments in the forex asset class, nzdjpy ranked 32nd the previous day in terms of percentage price change.
NZDJPY Up 11 Pips On Hourly Chart, Makes Big Move Relative to Past Month; Crosses 20 Day Moving Average
Our trading plan is to bid at better price and hoping the market pick up our bid and move further with trend.the bidding plan should come with expiry date.d1/m55 (t.cont.pb.aclim)1.