NZDJPY Up 1 Pips On Hourly Chart; in an Uptrend Over Past 90 Days
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
NZDJPY
(Last Updated February 24, 2021)
Welcome to the news page for NZDJPY (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 |
|---|---|---|---|---|---|---|---|
| New Zealand Interest Rate Decision | 2021 | New Zealand Dollar | NZD | 2021-02-24 | 01:00 GMT | 0.25% | 0.25% |
| New Zealand RBNZ Press Conference | NA | New Zealand Dollar | NZD | 2021-02-24 | 02:00 GMT | ||
| New Zealand Balance of Trade | Jan 2021 | New Zealand Dollar | NZD | 2021-02-25 | 21:45 GMT | ||
| Japan Retail Sales YoY | Jan 2021 | Japanese Yen | JPY | 2021-02-25 | 23:50 GMT | -2.6% | |
| Japan Industrial Production MoM Prel | Jan 2021 | Japanese Yen | JPY | 2021-02-25 | 23:50 GMT | 4% |
The Trend
On NZDJPY, there is currently an uptrend on the 90, 30 and 14 day timeframes.
NZDJPY Moving Averages
Across several time periods between 20 and 200 days, the trend on NZDJPY has remained consistently bullish.
The chart below illustrates.
Regarding NZDJPY’s correlations over the past 7 days, it has been most correlated with USDCAD. If we zoom out to a two week basis, though, AUDJPY is the asset most correlated to NZDJPY. On the flip side, CADJPY has been the asset least correlated with NZDJPY — but over the past two weeks, USDNOK has been the asset least correlated with NZDJPY. See the chart below to observe the recent price action in NZDJPY versus those of assets it hasn’t been well correlated with.
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The View From the Weekly Timeframe
Currently, NZDJPY’s rate is up 3719 pips (0.48%) from the week prior. NZDJPY has seen its price go up 4 out of the past 5 weeks, thus creating some compelling opportunities for bulls. 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 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
Strongest trend on the 60 month timeframe.
NZDJPY Down 2 Pips Over Past Hour; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone up 17 out of the past 30 days.
NZDJPY Up 18 Pips Over Past Hour, 2 Day Down Streak Broken; in an Uptrend Over Past 90 Days
Note – please do your own analysis before taking the trade.
NZDJPY Up 5 Pips Over Past Hour, 2 Day Up Streak Broken; in an Uptrend Over Past 14 Days
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
NZDJPY Up 3 Pips On Hourly Chart, Moves Up For the 2nd Consecutive Day; in an Uptrend Over Past 90 Days
Relative to other instruments in the forex asset class, nzdjpy ranked 9th the day prior in terms of percentage price change.
NZDJPY Up 5 Pips in Last Hour, Moves Up For the 2nd Consecutive Day; in an Uptrend Over Past 90 Days
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
NZDJPY Up 13 Pips Over Past Hour, 2 Day Up Streak Broken; in an Uptrend Over Past 14 Days
Or to simplify this another way, note that out of the past 14 days nzdjpy’s price has gone up 9 them.
NZDJPY Down 3 Pips Over Past Hour; in an Uptrend Over Past 90 Days
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
NZDJPY Up 9 Pips On Hourly Chart; in an Uptrend Over Past 14 Days
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
NZDJPY Up 10 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; Doji and Pin Bar Patterns Appearing on Chart
Price action traders may also wish to note that we see a doji candlestick pattern on nzdjpy.