NZD/JPY Down 3 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; in a Downtrend Over Past 30 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
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 Up 6 Pips in Last Hour
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.
NZDJPY Down 3 Pips Over Past Hour; Entered Today Down For the 2nd Day In A Row
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.
NZDJPY Down 4 Pips Over Past Hour
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 Up 3 Pips Over Past Hour; 3 Day Down Streak Ended
This is a reversal of the price action on the previous hour, in which price moved down.
NZDJPY Up 8 Pips On Hourly Chart, 4 Day Up Streak Ended; Crosses 20 and 100 Day Moving Averages
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.
NZDJPY Up 5 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; Pin Bar Pattern Appearing on Chart
The closest is the 20 day average, which is 28.2 pips away.
NZDJPY Up 14 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; Moves Up For the 4th Day In A Row
This imputes a buy/sell ratio of 0.33, which is bearish.
NZDJPY Up 4 Pips Over Past Hour, 3 Day Down Streak Broken; Nears 100 Day Moving 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.
NZDJPY Down 5 Pips Over Past Hour; Entered Today Down For the 3rd Day In A Row
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.