NZD/JPY Up 8 Pips On Hourly Chart, 5 Day Down Streak Snapped; Eyes 50 Day Average

2 mins read

Hourly Update (Last Updated March 26, 2021 1:59 GMT) At the time of this writing, NZDJPY’s rate is up 780 pips (0.1%) from the hour prior. This is the 2nd straight hour NZDJPY has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20,…

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