NZDJPY

(Last Updated September 22, 2020)

Welcome to the news page for NZDJPY (NZDJPY). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

As for trends on NZDJPY, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 and 30 day timeframes. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.

NZDJPY Moving Averages

The moving averages on NZDJPY summarize its price action in an interesting way. The 20 and 100 day averages suggest a bullish trend, as they are pointing upwards, in contrast to the downward-facing 50 and 200 day averages that imply a bearish trend. Moreover, today we saw the 50 moving average turn bearish.

Below is a chart showing NZDJPY’s price with its moving averages.

In terms of correlations over the past week for NZDJPY, it has been most correlated with USDCAD. If we zoom out to a two week basis, though, USDNOK is the asset most correlated to NZDJPY. Alternatively, the asset least correlated with NZDJPY over the past week has been AUDCAD, but over the past two weeks, the asset least correlated with NZDJPY has been USDZAR. The chart below illustrates NZDJPY against its least correlated assets.

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The View From the Weekly Timeframe

Currently, NZDJPY’s rate is down -0.807 (-1.14%) from the week prior. Moreover, note that this is the 3rd week in a row NZDJPY has seen its price head down. As for the trend on the weekly timeframe, we see the clearest trend on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bearishness 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.