NZD/USD Down 13 Pips Over Past Hour, Entered Today Down For the 2nd Day In A Row; in a Downtrend Over Past 90 Days
This is a reversal of the price action on the previous hour, in which price moved up.
July 1, 2022 15:53 GMT
Over the past 88 days, NZDUSD’s price has been in a clear downtrend, falling by about $0.00 per day.
Over the past 135 days, NZDUSD’s price has been in a clear downtrend, falling by about $0.00 per day.
NZDUSD’s price has moved down $0.02 over the prior 32 months.
NZDUSD has a price of $0.6191, down 0.8% from its value 1 days prior.
+ 500 – Internal server error
+ 500 – Internal server error
This is a reversal of the price action on the previous hour, in which price moved up.
Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down.
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
Relative to other instruments in the forex asset class, nzdusd ranked 29th the day prior in terms of percentage price change.
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.