NZD/JPY Up 6 Pips in Last 4 Hours, Makes Big Move Relative to Two Week Trend; is Inching Close to 200 Day Average
Or to simplify this another way, note that out of the past 10 days nzd/jpy’s price has gone down 6 them.
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.
NZD/JPY Down 9 Pips On 4 Hour Chart, Moves Up For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
The closest is the 200 day average, which is 39.5 pips away.
NZD/JPY Down 2 Pips Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Breaks Below 200 Day Average
As for the rationale, technical traders seem to be citing the appearance of a channel technical pattern.
NZD/JPY Down 20 Pips in Last 4 Hours, Makes Big Move Relative to Two Week Trend; Pin Bar Pattern Appearing on Chart
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
NZD/JPY Down 3 Pips On 4 Hour Chart, Moves Up For the 3rd Day In A Row; is Inching Close to 20 Day Average
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.
NZD/JPY Up 14 Pips On 4 Hour Chart, 4 Day Down Streak Broken; in a Downtrend Over Past 14 Days
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.
NZD/JPY Up 7 Pips Over Past 4 Hours, 3 Day Down Streak Broken; in a Downtrend Over Past 14 Days
Volatility for nzd/jpy has been contracting over the past two weeks relative to volatility over the past month.
NZD/JPY Up 7 Pips Over Past 4 Hours, Entered Today Down For the 3rd Day In A Row; Crosses 20 Day Moving Average
Volatility for nzd/jpy has been contracting over the past two weeks relative to volatility over the past month.
NZD/JPY Up 26 Pips in Last 4 Hours, in an Uptrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
If flag broken downside, expecting 200+ pips bearish wave so keep your eyes on it..!!…
NZD/JPY Down 62 Pips On 4 Hour Chart, in an Uptrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
The closest is the 20 day average, which is 114.9 pips away.