NZD/JPY 4 Hour Price Update
Updated March 26, 2020 12:53 AM GMT (08:53 PM EST)
NZD/JPY entered the current 4 hour candle at 64.336, down 56 pips (0.86%) from the last 4 hour candle. Out of the 40 instruments in the Forex asset class, NZD/JPY ended up ranking 37th for the four-hour candle in terms of price change.
NZD/JPY End of Day Recap
Updated 00:30 GMT (04:30 EST)
NZD/JPY is down 43 pips (0.66%) since the previous day (opening today near 64.32664), marking the 2nd day in a row a decline has happened. Compared to its peers in the Forex, NZD/JPY gave its buyers a return that ranked 26th in terms of percentage change since the previous day. Below is a price chart of NZD/JPY.
NZD/JPY Technical Analysis
Coming into today NZD/JPY is now close to its 20 day moving averages, which may act as price barrier for the asset. 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. The closest is the 20 day average, which is 47.1 pips away. Volatility for NZD/JPY has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 30 days NZD/JPY’s price has gone down 20 them.
The View From Around the Web
Of note is that traders in aggregate have opinions on NZDJPY, with 0 buy signals on our radar and 4 sell signals. This imputes a buy/sell ratio of 0, which is quite bearish. Here’s a piece we found on tradingview.com that we thought you might enjoy.