NZDJPY Down 2 Pips On Hourly Chart, Moves Up For the 2nd Consecutive Day; in an Uptrend Over Past 90 Days

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Hourly Update (Last Updated January 7, 2021 5:22 GMT) Currently, NZDJPY’s rate is down -150 pips (-0.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. NZDJPY…

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