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CFD Trading Rate New Zealand Dollar vs Japanese Yen (NZDJPY)

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  • 27.03.2024 18:12
    NZD/JPY Price Analysis: Bearish forces at play, bulls continue strugguling
    • The NZD/JPY trades neutral after getting rejected by the 20-day SMA.
    • The daily chart shows that the RSI reveals weak buying traction.
    • The hourly chart also showcases a similar situation with its RSI hinting at weak buying pressure.

    The NZD/JPY is currently trading at 90.90, mostly neutral after trimming daily gains. From a broader perspective, the pair's position above the 100 and 200-day Simple Moving Averages (SMAs) suggests that despite the weakened buying momentum, the bulls continue to assert their control. Buyers must target the 20-day SMA to continue edging higher.

    On the daily chart, the current market dynamics for the NZD/JPY pair reveal a neutral to negative trend as buyers are struggling to gather traction. The Relative Strength Index (RSI) presently resides in the negative territory. This trend is further emphasized by the red bars of the Moving Average Convergence Divergence (MACD), which reveals a steady selling momentum and weakened buying traction.

    NZD/JPY daily chart

    Switching to the hourly chart, the RSI recently read 41, which also positions it within negative territory. As with the daily chart, the MACD histogram on the hourly also illustrates flat red bars, further signifying weak market momentum.

    NZD/JPY hourly chart

    In conclusion, both the daily and hourly charts indicate a negative trend for NZD/JPY with weak buying pressure. Notwithstanding, on a larger scale, the pair remains above the 100 and 200-day Simple Moving Averages, hinting that bulls may still have broader control of the market. The negative market outlook could be further confirmed if the 20 and 100-day SMA complete a bearish crossover around the 91.00 area.

     

    NZD/JPY

    Overview
    Today last price 90.73
    Today Daily Change -0.21
    Today Daily Change % -0.23
    Today daily open 90.94
     
    Trends
    Daily SMA20 91.18
    Daily SMA50 91.16
    Daily SMA100 90.5
    Daily SMA200 89.11
     
    Levels
    Previous Daily High 91.25
    Previous Daily Low 90.78
    Previous Weekly High 92.2
    Previous Weekly Low 90.52
    Previous Monthly High 93.45
    Previous Monthly Low 89.26
    Daily Fibonacci 38.2% 91.07
    Daily Fibonacci 61.8% 90.96
    Daily Pivot Point S1 90.73
    Daily Pivot Point S2 90.52
    Daily Pivot Point S3 90.26
    Daily Pivot Point R1 91.19
    Daily Pivot Point R2 91.45
    Daily Pivot Point R3 91.66

     

     

  • 26.03.2024 18:01
    NZD/JPY Price Analysis: Bearish sentiment continues, potential bullish reversal on the horizon
    • The daily technical analysis reveals a steady bearish momentum but with indicators recovering.
    • The hourly chart hints at initial signs of bullish momentum with the RSI in the positive territory.
    • Despite the bearish short-term indicators, the pair is trading above the main SMAs, indicating a persisting bullish sentiment in the larger trend.

    During Tuesday's session, the NZD/JPY pair rose to the 91.05 level, showing a slight gain of 0.15%. Currently, the market is primarily under the seller's control, resulting in a short-term bearish outlook. Nonetheless, the broader outlook remains bullish, signifying the potential for buyers to regain control in the next sessions.

    On the daily chart, the NZD/JPY pair has been demonstrating a bearish momentum, as suggested by the Relative Strength Index (RSI) readings. The RSI, which was in the positive territory last week, plunged into the negative zone, marking a progressive decline with an upswing printed in Tuesday's session.

    NZD/JPY daily chart

    Moving on to the hourly chart, the RSI paints a slightly different picture with the pair showing early signs of bullish momentum. The RSI oscillates between negative and positive territories, with more recent readings soaring into the positive area. This suggests that in the short term, buyers might be gaining control. However, the presence of rising red bars on the Moving Average Convergence Divergence (MACD) histogram suggests that the bears are still present and that the bears are around the corner.

    NZD/JPY hourly chart

    Despite bears currently holding ground as evidenced by the pair trading below the 20-day Simple Moving Average (SMA), the overall trend remains with bulls. This is proven by the fact that the pair is trading above the 100- and 200-day SMAs indicating a strong bullish momentum in broader timelines. That being said, the buyers shouldn't relax and continue targeting the 20-day SMA to continue climbing higher.

    NZD/JPY

    Overview
    Today last price 91.05
    Today Daily Change 0.16
    Today Daily Change % 0.18
    Today daily open 90.89
     
    Trends
    Daily SMA20 91.28
    Daily SMA50 91.15
    Daily SMA100 90.48
    Daily SMA200 89.09
     
    Levels
    Previous Daily High 91.14
    Previous Daily Low 90.52
    Previous Weekly High 92.2
    Previous Weekly Low 90.52
    Previous Monthly High 93.45
    Previous Monthly Low 89.26
    Daily Fibonacci 38.2% 90.9
    Daily Fibonacci 61.8% 90.76
    Daily Pivot Point S1 90.56
    Daily Pivot Point S2 90.24
    Daily Pivot Point S3 89.95
    Daily Pivot Point R1 91.18
    Daily Pivot Point R2 91.46
    Daily Pivot Point R3 91.79

     

     

  • 22.03.2024 18:17
    NZD/JPY Price Analysis: Bearish signals intensify short-term, long-term bullish trend remains
    • Bearish pressure intensified on the daily chart, and the pair lost the 20-day SMA.
    • As the pair lies deeply oversold on the hourly chart, buyers might start taking profits.

    The NZD/JPY pair is trading at 90.748, marking a significant dip of 0.98%. Despite the presence of strong selling pressure, the pair persistently resides above its 100 and 200-day Simple Moving Averages (SMAs). This suggests a dominant bullish force in long-term time frames. But the fact the sellers conquered the 20-day average, paints the short-term outlook with a negative tone.

    Based on the indicators of the daily chart, some important dynamics can be observed. The Relative Strength Index (RSI), currently at 43, resides in the negative territory. This position, coupled with its falling, suggests a dominance of sellers in the market for now. In addition, the Moving Average Convergence Divergence (MACD) histogram reveals rising red bars, further substantiating the negative momentum.

    NZD/JPY daily chart

    Shifting to the hourly chart, the RSI shows a value of 23, indicating that the pair is deeply oversold. Compared to the daily chart, an amplified negative trend is apparent. However, the MACD on this shorter time frame similarly showcases flat red bars, emphasizing the current bearish momentum but a less intense grip which might suggest that the pair might start consolidating.

    NZD/JPY hourly chart

    If the bulls want to maintain the overall bullish trend, they must defend the 100 and 200-day SMAs. In case lost, the bearish pressure might intensify further. In the meantime, they could act as a support for sellers to consolidate their downward movements.

    NZD/JPY

    Overview
    Today last price 90.8
    Today Daily Change -0.82
    Today Daily Change % -0.90
    Today daily open 91.62
     
    Trends
    Daily SMA20 91.51
    Daily SMA50 91.13
    Daily SMA100 90.45
    Daily SMA200 89.07
     
    Levels
    Previous Daily High 92.2
    Previous Daily Low 91.58
    Previous Weekly High 91.22
    Previous Weekly Low 90.37
    Previous Monthly High 93.45
    Previous Monthly Low 89.26
    Daily Fibonacci 38.2% 91.82
    Daily Fibonacci 61.8% 91.96
    Daily Pivot Point S1 91.4
    Daily Pivot Point S2 91.18
    Daily Pivot Point S3 90.78
    Daily Pivot Point R1 92.02
    Daily Pivot Point R2 92.43
    Daily Pivot Point R3 92.65

     

     

  • 21.03.2024 19:53
    NZD/JPY Price Analysis: Bulls dictate the market rhythm, hinting at temporary selling pressure
    • On the daily chart, indicators are consolidating but the outlook is favoring the bulls.
    • The hourly chart gives hints of mounting selling traction with indicators deep in the red.

    The NZD/JPY pair is currently trading at 91.60, slightly down in Thursday's session. Bulls hold a strong command over the market, even amidst transient selling pressure, which seems not to have weakened their movement with the pair holding above the 20,100 and 200-day Simple Moving Averages (SMAs).

    On the daily chart, the NZD/JPY pair reveals an influx of buyers dominating the market, as indicated by the Relative Strength Index (RSI) progressing towards positive territory. The latest reading at 55, sits in the positive zone, but points down, as indicators consolidate. Meanwhile, the Moving Average Convergence Divergence (MACD) reveals a declining trend with red bars, indicating steady but weakening negative momentum.

    NZD/JPY daily chart

    The hourly landscape provides a more detailed perspective. The RSI has been fluctuating around the negative territory in the recent hours, dropping to 45 by the last hour. It suggests an increase in selling pressure in the short term compared to the daily setup. The continuous red bars of the MACD affirm this, reflecting the negative momentum represented in the RSI. This implies that the sellers step in as the buyers seem to be taking profits.

    NZD/JPY hourly chart

    Overall, while bulls are in command of the broad trend, the pair could see some additional selling pressure, as selling momentum is present and buyers might continue taking profits from the last two days' gains.

     

    NZD/JPY

    Overview
    Today last price 91.65
    Today Daily Change -0.29
    Today Daily Change % -0.32
    Today daily open 91.94
     
    Trends
    Daily SMA20 91.59
    Daily SMA50 91.11
    Daily SMA100 90.43
    Daily SMA200 89.05
     
    Levels
    Previous Daily High 92.01
    Previous Daily Low 91.23
    Previous Weekly High 91.22
    Previous Weekly Low 90.37
    Previous Monthly High 93.45
    Previous Monthly Low 89.26
    Daily Fibonacci 38.2% 91.72
    Daily Fibonacci 61.8% 91.53
    Daily Pivot Point S1 91.44
    Daily Pivot Point S2 90.95
    Daily Pivot Point S3 90.66
    Daily Pivot Point R1 92.22
    Daily Pivot Point R2 92.51
    Daily Pivot Point R3 93

     

     

  • 20.03.2024 16:40
    NZD/JPY Price Analysis: Bulls are firmly in control according to daily trends, houly indicators consolidate
    • The daily chart reveals bullish sentiment, with RSI on an upward trajectory out of the negative zone and MACD depicting decreasing red bars.
    • Indicators are consolidating overbought conditions on the hourly chart.
    • Bulls must recover the 20-day SMA to confirm a recovery.

    The NZD/JPY currency pair is trading at 91.54, showing gains in Wednesday's session. The broader technical landscape suggests the buyers. Despite recent bearish activity pushing the pair below the 20-day Simple Moving Averages (SMAs), the pair remains aloft of the 100 and 200-day SMAs, indicating an enduring bullish control.

    On the daily chart, the NZD/JPY pair exhibits relatively bullish momentum. The Relative Strength Index (RSI) indicates a positive trend with an upward slope, moving above the negative territory. This, combined with the decreasing red bars from the Moving Average Convergence Divergence (MACD) which indicates declining negative momentum, suggests the buyers are gaining the upper hand over sellers.

    NZD/JPY Daily Chart

    Transitioning to the hourly chart for the NZD/JPY presents a slightly different scenario. Here, the RSI consistently indicates positive with minor fluctuations, hinting at strong buying momentum but consolidating after entering in the overbought area during the European session. Meanwhile, the MACD reveals flat red bars, signifying stagnant negative momentum suggesting that the buyers are gearing up for the next upward leg.

    NZD/JPY Hourly Chart

    NZD/JPY

    Overview
    Today last price 91.52
    Today Daily Change 0.22
    Today Daily Change % 0.24
    Today daily open 91.3
     
    Trends
    Daily SMA20 91.64
    Daily SMA50 91.09
    Daily SMA100 90.39
    Daily SMA200 89.02
     
    Levels
    Previous Daily High 91.38
    Previous Daily Low 90.52
    Previous Weekly High 91.22
    Previous Weekly Low 90.37
    Previous Monthly High 93.45
    Previous Monthly Low 89.26
    Daily Fibonacci 38.2% 91.05
    Daily Fibonacci 61.8% 90.85
    Daily Pivot Point S1 90.75
    Daily Pivot Point S2 90.2
    Daily Pivot Point S3 89.89
    Daily Pivot Point R1 91.61
    Daily Pivot Point R2 91.93
    Daily Pivot Point R3 92.48

     

     

  • 19.03.2024 19:53
    NZD/JPY Price Analysis: Bulls add gains and indicators reach overbought conditions
    • The positive outlook on the daily chart improved but bulls aren’t yet in command.
    • the RSI was seen above 70 in recent hours, which may lead to a consolidation.
    • To prevent any potential losses, the bulls must defend the key SMAs.

    In Tuesday's session, NZD/JPY is trading at 91.36, registering an uptick of 0.74%. Despite some signals of a consolidation incoming, the market sees dominance by buyers, which leads to a broader bullish outlook. Ahead of the Asian session, the pair may correct overbought conditions on the hourly chart and see some red.

    On the daily chart, the NZD/JPY pair posts positive momentum following a shift from the negative territory. The Relative Strength Index (RSI) now sits in the positive territory at 52 while the Moving Average Convergence Divergence (MACD) red bars recede, signaling a potential decrease in negative momentum.

    NZD/JPY daily chart

    Transitioning to the hourly chart, the NZD/JPY pair displays a stronger positive trend. The RSI enters the overbought territory due to consistent readings above 70. Sharp green bars in the MACD histogram signify strong positive momentum over the past few hours, suggesting buyers dominate the market for now. An RSI above 70 suggests an overextended buying momentum which typically leads to a downward consolidation

    NZD/JPY hourly chart

    In conclusion, both daily and hourly analyses point to a bullish outlook for the NZD/JPY pair. Traders should monitor the MACD for continued red bar reduction or a shift to green bars, and the RSI to see if it remains within or moves away from the overbought territory in the hourly chart. These data points would suggest a potential price reversal or continuation, respectively.

    Regarding a Simple Moving Average (SMA) analysis, despite the bears gaining ground and pushing the pair below the 20-day Simple Moving Average (SMA), the pair remains above the 100 and 200-day SMAs. This pattern suggests that the bulls maintain control of the overall trend.

     

    NZD/JPY

    Overview
    Today last price 91.35
    Today Daily Change 0.60
    Today Daily Change % 0.66
    Today daily open 90.75
     
    Trends
    Daily SMA20 91.69
    Daily SMA50 91.06
    Daily SMA100 90.36
    Daily SMA200 89
     
    Levels
    Previous Daily High 90.99
    Previous Daily Low 90.58
    Previous Weekly High 91.22
    Previous Weekly Low 90.37
    Previous Monthly High 93.45
    Previous Monthly Low 89.26
    Daily Fibonacci 38.2% 90.83
    Daily Fibonacci 61.8% 90.74
    Daily Pivot Point S1 90.56
    Daily Pivot Point S2 90.37
    Daily Pivot Point S3 90.15
    Daily Pivot Point R1 90.96
    Daily Pivot Point R2 91.18
    Daily Pivot Point R3 91.37

     

     

  • 18.03.2024 18:35
    NZD/JPY Price Analysis: Bears intensify their grip, bulls must defend SMAs
    • The NZD/JPY gave up daily gains and trades with losses in the American Session.
    • The hourly chart, shows indicators moving towards oversold terrain.
    • On the daily chart, indicators stand mostly flat.

    In Monday's trading, the NZD/JPY reversed its course and gave up daily gains to decline towards 90.60. Recent movements show an intensification of seller activity as indicators slowly move towards oversold territory while on the daily chart the selling traction somewhat flattened.

    On the daily chart, the Relative Strength Index (RSI) fell last week within negative territory and currently stands at around 40.65, mostly flat. This reveals lower momentum from the sellers. This tendency is exalted with the Moving Average Convergence Divergence (MACD) 's flat red bars suggest that negative momentum is consolidating.

    NZD/JPY daily chart

    Turning attention to the hourly chart, the RSI fell deeper into negative territory while the MACD exhibited rising red bars. However, as short-term indicators seem to be moving towards oversold territory, it could pave the way for a short-term recovery to consolidate losses.

    NZD/JPY hourly chart

    In conclusion, while indicators appear to have turned flat on the daily chart, the selling momentum intensified in the hourly chart, suggesting that the pair could suffer more pain for the rest of the session. Looking at the broader trend, there are not enough arguments to conclude a bearish outlook as the pair sits above the 100 and 200-day Simple Moving Average (SMA). That being said, the sellers are in control for the immediate short term.

    NZD/JPY

    Overview
    Today last price 90.6
    Today Daily Change -0.08
    Today Daily Change % -0.09
    Today daily open 90.68
     
    Trends
    Daily SMA20 91.77
    Daily SMA50 91.05
    Daily SMA100 90.32
    Daily SMA200 88.97
     
    Levels
    Previous Daily High 90.95
    Previous Daily Low 90.37
    Previous Weekly High 91.22
    Previous Weekly Low 90.37
    Previous Monthly High 93.45
    Previous Monthly Low 89.26
    Daily Fibonacci 38.2% 90.59
    Daily Fibonacci 61.8% 90.73
    Daily Pivot Point S1 90.38
    Daily Pivot Point S2 90.08
    Daily Pivot Point S3 89.8
    Daily Pivot Point R1 90.97
    Daily Pivot Point R2 91.25
    Daily Pivot Point R3 91.55

     

     

  • 15.03.2024 19:46
    NZD/JPY Price Analysis: Bears maintain control, despite recent bullish resurgence
    • On the daily chart, sellers remain in control despite the improvement of the RSI and MACD.
    • While the daily chart emits bearish signals, the hourly indicators provide a more balanced picture, showcasing an equilibrium between buyers and sellers.
    • The cross saw a recovery during the American session and managed to clear daily losses.

    In Friday's session, the NZD/JPY is trading at 90.70, recording a slight loss of 0.22% after bottoming at a low of 90.35. The positioning of the pair above the key 100 and 200-day Simple Moving Averages (SMAs) might hint at bullish prospects in the overall trend, yet the shorter technical outlook tilts toward the bears as it trades below the 20-day average.

    On the daily chart, the NZD/JPY's Relative Strength Index (RSI) has been in negative territory, signaling that sellers have been dominant. The Moving Average Convergence Divergence (MACD) doesn't present any brighter picture either. Its histogram has flat red bars, indicating negative momentum and a lack of buying strength.

    NZD/JPY daily chart

    Switching to the hourly chart, the RSI recovered towards 50, the neutral level, suggesting a balance between buyers and sellers. On the other hand, the MACD histogram displays flat green bars, indicating a steady positive momentum.

    NZD/JPY hourly chart

    To conclude, the broader daily analysis paints a reasonably bearish picture, with the RSI and MACD indicating seller dominance and the pair below the 20-day SMA. Yet, the hourly chart presents a somewhat mixed picture, showing a balance between buyers and sellers. Considering the pair's position above the 100 and 200-day SMAs, despite the immediate bearish sentiment, the bulls might still have a chance to regain control.

    NZD/JPY

    Overview
    Today last price 90.74
    Today Daily Change -0.18
    Today Daily Change % -0.20
    Today daily open 90.92
     
    Trends
    Daily SMA20 91.84
    Daily SMA50 91.04
    Daily SMA100 90.29
    Daily SMA200 88.94
     
    Levels
    Previous Daily High 91.22
    Previous Daily Low 90.76
    Previous Weekly High 91.83
    Previous Weekly Low 90.72
    Previous Monthly High 93.45
    Previous Monthly Low 89.26
    Daily Fibonacci 38.2% 90.93
    Daily Fibonacci 61.8% 91.04
    Daily Pivot Point S1 90.71
    Daily Pivot Point S2 90.51
    Daily Pivot Point S3 90.26
    Daily Pivot Point R1 91.17
    Daily Pivot Point R2 91.42
    Daily Pivot Point R3 91.63

     

     

  • 14.03.2024 19:51
    NZD/JPY Price Analysis: Sellers rule the roost, additional retracements may be on the horizon
    • Bulls failed to maintain their momentum and gave up daily gains.
    • The daily RSI remains in negative zone, underscoring the current bearish momentum.
    • On the hourly chart, indicators further uphold the short-term bearish bias.

    In Thursday's session, the NZD/JPY pair is trading with a mild loss and is currently pegged at 90.79 after peaking at a high of 91.21. Sell-offs dominate the market landscape in the short term and buyers are failing to gather additional momentum.

    Based on the indicators of the daily chart, the Relative Strength Index (RSI) currently resides in negative territory, indicating bearish momentum. The RSI has witnessed a minor decline from the previous day's level, representing slightly increased bearish sentiment. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram exhibits flat red bars, suggesting that the bears have gone nowhere while the bulls remain on the sidelines..

    NZD/JPY daily chart

    Turning to the hourly chart, the RSI pair also operates within the negative territory, signaling the prevalence of short-term sellers in the market. The MACD histogram here too presents flat red bars, sustaining the bearish momentum on a shorter timeframe.

    NZD/JPY hourly chart

    Despite the pair being below the 20-day Simple Moving Average (SMA), it remains above its 100 and 200-day SMAs, suggesting the overall trend remains bullish. However, the bearish indications from both the daily and hourly charts suggest potential retracements before a continuation of the bullish trend.

     

     

  • 13.03.2024 18:26
    NZD/JPY Price Analysis: Bullish momentum on the rise, short-term outlook still negative
    • Daily chart reveals an ongoing tussle between buyers and sellers; RSI demonstrates growing buying.
    • The hourly RSI stands in positive territory pointing south, while MACD shows a contraction of negative momentum.
    • As long as the pair stands below the 20-day SMA, the outlook will be negative for the short term.

    The NZD/JPY pair is trading at 90.98, with a gain of 0.22%. There is a continuous tug of war between both buyers and sellers, and neither manages to establish clear dominance. Though the pair demonstrates strengthened buyer momentum, it also retains an undercurrent of negative momentum trading below the 20-day Simple Moving Average (SMA). However, the overall trend will remain bullish if it holds above the 100 and 200-day SMAs.

    On the daily chart, the Relative Strength Index (RSI) for the NZD/JPY pair is currently in negative territory. The RSI, after bottoming out near 40 on Tuesday, has shown an upward trend, signaling growing buyer momentum. The Moving Average Convergence Divergence (MACD) histogram's red bars are on a downward trend, indicating a negative but less intense momentum.

    NZD/JPY daily chart

    Upon examining the hourly charts, the RSI appears to oscillate in positive territory during recent hours but prints a negative slope. This is in contrast with the daily chart, suggesting a slowing buying momentum. The MACD histogram also shows rising red bars, reflecting a rising rate of negative momentum. In conclusion, the data shows that the bulls are gaining some traction on the daily chart, and now seem to be consolidating on the shorter timeframes. However, if the buyers want to confirm, the first target is the 20-day SMA at around 91.85.

    NZD/JPY hourly chart

     

  • 11.03.2024 19:45
    NZD/JPY Price Analysis: Bears maintain control, potential bullish shift on the horizon
    • The daily chart indicates a supremacy of sellers, as depicted by the RSI's continuation below 50 and a growing MACD negative momentum.
    • Small signs of recovery are evident on the hourly chart.
    • Despite hourly swings favoring the bulls, overall market bias in the NZD/JPY remains bearish.

    The NZD/JPY is currently trading at 90.61, reflecting a slight decrease at the start of the week. Sellers continue to hold a strong dominance, which dictates a primarily negative technical outlook for the pair. However, the hourly chart reveals signs of buyers coming into play.

    On the daily chart of the NZD/JPY pair, the Relative Strength Index (RSI) shows a positioning in negative territory. The consecutive decline of RSI from levels above 50 to 36 suggests that sellers currently command the market. In addition, the daily Moving Average Convergence Divergence (MACD) features rising red bars, indicating an increase in negative momentum, which further supports the sellers' dominance.

    NZD/JPY daily chart

    Contrarily, on the hourly chart, the RSI of the NZD/JPY shows a slight recovery near its middle point, with the latest reading being around 42. However, this minor upturn does not challenge the overall negative bias. The first signs of a positive swing are also noted in the MACD, with green bars suggesting positive momentum building in the short term.

    NZD/JPY hourly chart

    In conclusion, despite the slight positive swing observed in the hourly indicators, the overall market bias for the NZD/JPY remains negative as evidenced by the daily chart. The pair below the 20-day Simple Moving Average (SMA) suggests that the short-term outlook is negative. However, the positive divergence between the MACD and RSI on the hourly chart may imply a forthcoming bullish reversal, subject to further confirmation.

     

  • 08.03.2024 19:54
    NZD/JPY Price Analysis: Bearish sentiment rules, potential seller fatigue signals a pause
    • Indications from the daily chart imply a dominance by sellers for the short term.
    • The same indicators on the hourly chart also imply a bearish momentum, although depicting potential signs of diminishing selling traction.
    • The hourly RSI is recovering after hitting oversold conditions earlier in the session.

    In Friday's session, the NZD/JPY pair is currently changing hands at 90.84, down 0.50%. The technical outlook for the pair points to strong control from sellers. Even though the market has been under a selling spree, recent conditions hint at a potential weakening of this selling pressure.

    Based on the indicators of the daily chart, the NZD/JPY pair appears to be dominated by sellers. The Relative Strength Index (RSI) remains within negative territory. Additionally, the rising red bars on the Moving Average Convergence Divergence (MACD), which suggest negative momentum, strengthen the belief of ongoing bearish sentiment.

    NZD/JPY daily chart

    Shifting attention to the hourly chart, the RSI oscillates near the oversold territory, indicating heavy selling pressure. However, the recent uptick in the RSI value might suggest seller fatigue. Combined with the decreasing red bars in the MACD histogram, this demonstrates a possible loss in the pace of negative momentum.

    NZD/JPY hourly chart

    In conclusion, there is consistency between the daily and hourly charts, both implying bearish momentum in NZD/JPY. However, the latest hourly indicators hint towards a possible slowdown in the selling pressure – a divergence that traders should keep an eye on. In addition, the overall trend continues to favor the buyers as the cross remains above the 100 and 200-day Simple Moving Averages (SMAs). The fact that it sits below the 20-day Average adds negativity to the short-term outlook.

     

  • 07.03.2024 20:01
    NZD/JPY Price Analysis: Bears exert pressure, possible bullish resurface observed
    • The daily chart of the NZD/JPY suggests a growing selling momentum.
    • In contrast, indicators at the hourly chart show a mild recovery, with an improving RSI.
    • Whilst the pair have been subject to short-term selling pressure, the dominant bullish trend still prevails.

    The NZD/JPY pair was trading at 91.36 in Thursday's session, experiencing a decline of 0.18%. From a technical perspective, bearish signals are evident on the daily chart, whereas the hourly chart shows potential improvement.

    On the daily chart, the Relative Strength Index (RSI) has been residing in negative territory for the past few sessions. The most recent RSI value stands at 45, indicating a slightly bearish bias daily. This bearish stance is further reinforced by the MACD, which shows rising red bars, indicating negative momentum in the pair.

    NZD/JPY daily chart

    However, when in the hourly chart, the RSI has been showing signs of improvement with the latest RSI level of 55 sitting in the positive territory. Despite this, the MACD is presenting green bars, indicating a steady positive momentum.

    NZD/JPY hourly chart

    Regarding broader technical aspects, the NZD/JPY sits below its 20-day Simple Moving Average (SMA). However, it remains above its longer-term 100 and 200-day SMAs. This suggests that the longer-term bullish trend could still remain intact despite the recent short-term selling pressure. Thus, the divergence between the daily and hourly readings may imply that the underlying bullish bias could resurface, especially if the hourly indicators continue to improve.

     

  • 06.03.2024 21:16
    NZD/JPY Price Analysis: Bulls gain some ground, bears are still around the corner
    • The daily chart of the NZD/JPY shows a period of consolidation following last week’s sharp losses.
    • Red bars seen consistently on the daily MACD further depict a steady selling momentum.
    • RSI values on the hourly chart signal short-term buyer domination.

    In Wednesday’s session, the NZD/JPY showed some gains. Bears seem to be consolidating last week’s losses but for the short term, the outlook is turning negative. The overall trend, however, remains bullish.

    On the daily chart, the Relative Strength Index (RSI) displays a positive slope in negative territory. It quickly corrected overbought conditions reached last week and fell below 50. This indicates a shift in momentum with sellers gaining ground. The consistently flat red bars on the Moving Average Convergence Divergence (MACD) histogram further show a decline in positive momentum, reinforcing the selling pressure taking place.

    NZD/JPY daily chart

    Examining the hourly chart, RSI values hover within positive territory suggesting buyers dominate shorter-term trades. Simultaneously, the decreasing green bars on the MACD histogram indicate a drop in positive momentum. Despite temporary bearish pressure, the pair displays strength in a broader perspective, given its position above the 100 and 200-day Simple Moving Averages (SMAs).

    NZD/JPY hourly chart

    In conclusion, while sellers appear to have gained traction intraday according to the daily RSI and MACD, the overarching trend remains bullish. The pair holds resilience above the long-term averages.

     

     

  • 05.03.2024 21:51
    NZD/JPY Price Analysis: Bears exert control, subtle signs of bullish comeback appear
    • The NZD/JPY is currently trading at 91.26, down by 0.45%.
    • On the daily chart, increasing selling traction is reflected by the RSI in the negative territory.
    • On the hourly chart, signs of mounting buyers' momentum are shown by the recovering RSI.
    • At a larger scale, the bullish trend remains intact.

    In Tuesday's session, the NZD/JPY is currently trading at 91.26, reflecting a decrease of 0.45% with sellers demonstrating a solid stance. Nonetheless, the general sentiment remains somewhat mixed. While the bearish momentum is clear, the pair's position above key Simple Moving Averages (SMAs) suggests an overall persistent bullish bias. In addition, buyers seem to be bullying momentum on the hourly chart.

    On the daily chart of NZD/JPY, the Relative Strength Index (RSI) is currently in negative territory, recognizing the dominant sellers in the market. Following a peak in the overbought zone on February 23, the RSI has descended, revealing a significant drop in buying strength. Similarly, the Moving Average Convergence Divergence (MACD) histogram supports this bearish stance, as signified by the rising red bars, typically suggesting a negative momentum.

    NZD/JPY daily chart

    Analyzing the hourly chart, however, it presents contrasting observations. The RSI has shown an upward movement from the oversold territory in the last sessions, hinting at a potential increase in buyers’ traction. Regardless, the MACD histogram hints at negative momentum reflected through its steady red bars.

    NZD/JPY hourly chart

    In the larger context, notwithstanding this intra-day bearish outlook, the pair still holds a bullish stance in an overall trend, by staying above the 100 and 200-day Simple Moving Averages (SMAs). Hence, while short-term traders could look for selling opportunities, long-term investors may still hold onto their bullish rhetoric.

     

  • 04.03.2024 19:42
    NZD/JPY Price Analysis: Bearish pressure persists, buyers present battle on the hourly chart
    • NZD/JPY kicks off Monday's session, operating at 91.71 with mild gains.
    • On the daily chart, RSI places the NZD/JPY within the negative zone, signifying short-term rising selling traction.
    • If the buyers fail to reclaim the 20-day Average, the outlook may start to turn in favor of the sellers.

    In Monday's trading session, NZD/JPY is navigating around the 91.71 level, trading with mild gains. The overall market tone for the pair suggests a bearish bias as sellers remain in control, after closing a 1.70% losing week and tallying a five-day losing streak. Yet, signs of a gradual build-up of bullish momentum can be observed in the shorter timeframes.

    On the daily chart, the Relative Strength Index (RSI) shows the NZD/JPY pair in the negative territory, indicating bearish momentum in the short-term, as sellers control the market after hitting overbought conditions last week. The rising red bars of the Moving Average Convergence Divergence (MACD) histogram, signal that negative momentum is increasing.

    NZD/JPY daily chart

    Meanwhile, on the hourly chart, the RSI is fluctuating within the positive territory, suggesting that bullish momentum may be building. However, the MACD histogram on this chart also presents rising red bars, suggesting a steady negative pull.

     

    NZD/JPY hourly chart

    In conclusion, while investors demonstrate a short-term bearish inclination on the daily chart, patterns on the hourly chart suggest that bulls are presenting a battle. That being said, the pair is holding up the 100 and 200-day Simple Moving Averages (SMAs) which typically suggest an overall bullish trend. Still, as long as the buyers fail to conquer the 20-day Average, the short-term bias will remain negative.

     

  • 29.02.2024 19:47
    NZD/JPY Price Analysis: Bears take control conquering key level, hourly chart signals oversold conditions
    • The NZD/JPY is currently trading at around 91.20, recording a 0.73% decrease in Thursday's session.
    • Based on the daily chart, RSI suggests a shift from a bullish to a bearish area.
    • A closer look at the hourly chart underlines the intensified selling pressure with the RSI residing near oversold territory.
    • Despite these short-term bearish signals, the NZD/JPY is still operating above main SMAs suggesting a continued influence from long-term bullish buyers.

    In Thursday's session, the NZD/JPY pair is trading substantially lower at around the 91.20 level, implying a potent selling momentum marking a 0.73% decrease on the day. Despite the immediate downward inclination, the pair maintains its stance in a broader bullish territory as long-term buyers retain control and these movements could be considered as a consolidation phase after reaching multi-year highs.

    Based on the daily Relative Strength Index (RSI), the pair has recently fallen from positive territories into negative. Yet, before this transposition, the pair spent considerable time in overbought territories, which could indicate profit-taking movements. Turning now to the Moving Average Convergence Divergence (MACD) histogram, an uninterrupted sequence of increasing red bars is seen. These highlight an expansion in negative momentum, suggesting that sellers are currently dictating the market dynamics.

    NZD/JPY daily chart

    Shifting focus to the hourly chart, the RSI is noticeably near the oversold territories revealing how the selling pressure has accelerated. This is further strengthened when topped by the continuous red bars on the MACD in the hourly chart cementing the argument for the increased selling pace.

    NZD/JPY hourly chart

    Despite the bearish signals from the daily and hourly charts, the pair is still in broader bullish territory as it lies above the 100 and 200-day Simple Moving Averages (SMAs), showing that long-term buyers are still in command. This discrepancy could imply a temporary bearish correction within an overall bullish trend ordained by the alignment of the SMAs.

     

     

  • 28.02.2024 22:06
    NZD/JPY bears step in after RBNZ dovish hold
    • The NZD/JPY is currently trading at 91.84, registering a significant drop of 1% in Wednesday's session.
    • The RBNZ's dovish hold during the Asian session significantly weakened the NZD.
    • The daily RSI indicates a possible shift in momentum, with NZD/JPY buyer strength declining from the overbought territory near 50..
    • A short-term advantage for sellers is evident, with hourly RSI values oscillating near oversold territory.

    In Wednesday's session, the NZD/JPY dived towards the 91.84 level, recording a notable decline of 1%. The main driver of this movement was the dovish decision from the Reserve Bank of New Zealand (RBNZ) which contributed to the Kiwi being the weakest currency in the session.

    The RBNZ held the rates steady at 5.5%, with a revised outlook reducing the likelihood of another 25 bps hike from 75% to 40%. In addition, the bank cut down near-term Gross Domestic Product (GDP) growth projections, slightly adjusting inflation projections downwards. It expects, however, that inflation will return to the 1-3% target band in Q3 2025, implying the persistence of a tighter monetary policy. As a reaction, the combination of projections of a weaker economic activity with expectations of fewer hikes drove the Kiwi’s selloff.

    NZD/JPY technical analysis

    The daily Relative Strength Index (RSI) recently slid from the overbought territory and took a big hit in Wednesday’s session. This signals a potential turnaround moment, although the pair maintains a positive outlook within the broader technical landscape, as affirmed by its position above the 20,100,200-day Simple Moving Averages (SMAs). At the same time, the MACD histogram indicated a drop in bullish momentum, as marked by the shrinking green bars.

    NZD/JPY daily chart

    Interestingly, the hourly RSI values are oscillating within the negative territory, pointing to a short-term advantage for the sellers. Simultaneously, the MACD histogram on the hourly chart suggests the return of bullish momentum, as evidenced by the rising green bars. This hourly divergence hints at some level of intraday volatility for the NZD/JPY pair as indicators seem to be correcting oversold conditions.

    NZD/JPY hourly chart

     

  • 27.02.2024 19:45
    NZD/JPY Price Analysis: Subtle cues in momentum shifts emerge, bulls still in charge
    • The NZD/JPY is trading at 92.87, which represents a slight decline of 0.10% during Tuesday's session.
    • Indicators continue consolidating overbought conditions while the overall trend is still positive.

    In Tuesday's session, the NZD/JPY pair is seen at 92.87, trading with a slight loss of 0.10%. Even with this minor retreat, the overall technical sentiment continues to remain bullish. However, there's a hint of weakening buying momentum in the short term as buyers seem to be taking a breather to correct overbought conditions.

    On the daily chart, the Relative Strength Index (RSI) for the NZD/JPY pair is indicating a positive yet slightly weakened momentum, marking a slight decline. The Moving Average Convergence Divergence (MACD) on the other hand, has been showing decreasing green bars, signaling a declining positive momentum. This indicates that the buying pressure is showing signs of slowing down, a typical situation after an asset hits overbought conditions.

    NZD/JPY daily chart

    On the hourly chart, the RSI trend portrays a weaker picture, leaning more towards the negative territory, attesting to a short-term slowdown in buying pressure. Concurrently, the hourly MACD records flat green bars, reinforcing this short-term dip in positive momentum.

    NZD/JPY hourly chart

    However, the overall analysis suggests a predominance of bullish pressure in the broader outlook. The NZD/JPY pair maintains a position above the 20, 100, and 200-day Simple Moving Averages (SMAs) underpinning the control of the bulls. A balance between the daily and hourly perspective from the RSI and MACD could, therefore, suggest potential investment opportunities on moderate retracements as buyers may continue taking profits in the next sessions.

     

  • 26.02.2024 21:31
    NZD/JPY Price Analysis: Bearish short-term signals surface, as buyers take profits
    • The NZD/JPY currently trades at 93.031, down 0.21% in Monday's session.
    • The daily RSI remains in the overbought area, suggesting that further consolidating may be incoming.
    • Despite the short-term bearish signals, the pair is operating above the main SMAs, indicating an overall bullish trend.

    In Monday's session, the NZD/JPY pair is trading at 93.03, experiencing a decline of 0.21% as indicators seem to be correcting overbought conditions that propelled the pair to highs since 2015.

    The daily Relative Strength Index (RSI) for the NZD/JPY pair is showing a downward trajectory, still correcting overbought conditions, lying around 70. This suggests a loss of upward momentum, signaling that sellers might be gaining an upper hand. Additionally, falling green bars of the Moving Average Convergence Divergence (MACD) histogram on the daily and hourly chart indicates a decrease in positive momentum, further strengthening the case for bearish sentiment in the short term.

    On the other hand, the pair is trading above the 20, 100, and 200-day Simple Moving Averages (SMAs), indicative of an overall bullish long-term trend. This divergence between short-term and long-term indicators suggests that buyers took a step back to consolidate profits after last week’s 2% rally. In that sense, as long as the cross holds above these key levels, all downward movements won’t affect the bullish bias of the pair and could be considered a consolidation.

    NZD/JPY daily chart

    NZD/JPY hourly chart

     

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