NZD/USD Down 5 Pips On 4 Hour Chart, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
The closest is the 20 day average, which is 89.6 pips away.
NZDUSD
(Last Updated July 10, 2020)
Hello! This is the news page for NZDUSD. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
On NZDUSD, there is currently an uptrend on the 90 and 14 day timeframes.
NZDUSD Moving Averages
NZDUSD’s moving averages suggest the trend on a number of time horizons is bullish.
Below is a chart showing NZDUSD’s price with its moving averages.
Regarding NZDUSD’s correlations over the past 7 days, it has been most correlated with USDCHF. If we zoom out to a two week basis, though, the asset showing the strongest correlation to NZDUSD is AUDUSD. Alternatively, the asset least correlated with NZDUSD over the past week has been EURCHF, but over the past two weeks, the asset least correlated with NZDUSD has been EURCAD. See the chart below to observe the recent price action in NZDUSD versus those of assets it hasn’t been well correlated with.
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The View From the Weekly Timeframe
Currently, NZDUSD’s rate is up 0.0053 (0.82%) from the week prior. Moreover, note that this is the 3rd week in a row NZDUSD has seen its price head up. Regarding the trend, note that the strongest trend exists on the 20 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. NZDUSD’s weekly price action over the past 52 weeks can be seen via the chart below.
NZD/USD Up 7 Pips On 4 Hour Chart, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
NZD/USD Up 5 Pips Over Past 4 Hours, Moves Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days
Or to simplify this another way, note that out of the past 14 days nzd/usd’s price has gone up 9 them.
NZD/USD Up 2 Pips On 4 Hour Chart; in an Uptrend Over Past 14 Days
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
NZD/USD Down 3 Pips Over Past 4 Hours, in an Uptrend Over Past 14 Days; Sentiment Suggests Sellers in Charge
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/USD Up 17 Pips On 4 Hour Chart, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
As for the rationale, technical traders seem to be citing the appearance of a channel technical pattern.
NZD/USD Down 2 Pips in Last 4 Hours, Came Into Today Up For the 4th Day In A Row; Pin Bar Pattern Appearing on Chart
Or to simplify this another way, note that out of the past 14 days nzd/usd’s price has gone up 9 them.
NZD/USD Down 3 Pips Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; in an Uptrend Over Past 90 Days
This imputes a buy/sell ratio of 0.71, which is bearish.
NZD/USD Up 3 Pips On 4 Hour Chart, Entered Today Up For the 3rd Day In A Row; Pin Bar Pattern Appearing on Chart
Compared to its peers in the forex, nzd/usd gave its buyers a return that ranked 6th in terms of percentage change since the previous day.
NZD/USD Up 8 Pips Over Past 4 Hours, in an Uptrend Over Past 90 Days; Nears 20 Day Moving Average
Compared to its peers in the forex, nzd/usd gave its buyers a return that ranked 9th in terms of percentage change since the previous day.