- Analytics
- News and Tools
- Market News
- NZD/JPY Price Analysis: Pair resumed losses, remains sideways in range, neutral outlook
NZD/JPY Price Analysis: Pair resumed losses, remains sideways in range, neutral outlook
- The cross saw a decline of 0.71% in Thursday’s session.
- NZD/JPY remains range-bound between 90.00 and 92.00, with selling pressure weighing.
- Until a decisive breakout occurs either way, the cross is set to continue sideways trading.
The NZD/JPY resumed losses on Thursday, declining by 0.71% to 90.60, but remains range-bound between 90.00 and 92.00.
The daily Relative Strength Index (RSI) stands bearish at 45, while the Moving Average Convergence Divergence (MACD) histogram remains red and flat, indicating a soft but steady selling pressure. Until a decisive breakout occurs, the cross is expected to continue its sideways trading pattern but with indicators showing that there is no clear dominant the outlook remains neutral.
The bulls task will be to conquer the 20 and 100-day Simple Moving Average convergence which stands within the defined range. A close above would improve the outlook.
NZD/JPY daily chart
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
