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

• NZD/JPY declines on Wednesday, trading near 91.45.
• The pair completed a bearish crossover between the 20 and 100-day SMA.
• The RSI and MACD technical indicators suggest the NZD/JPY pair outlook remains mixed.

The NZD/JPY pair witnessed a slight pullback during Wednesday's session, dipping below the 91.50 level. This retracement follows a period of gains on Tuesday, but the pair remains confined within a clear trading channel between 92.00 and 91.00. Additionally A bearish crossover, recently completed between the 20 and 100-day Simple Moving Average (SMA) might push the pair lower.

Technically, the Relative Strength Index (RSI) suggests that buying pressure is declining, as it stands at 53, in positive terrain, but declining. Additionally, the Moving Average Convergence Divergence (MACD) histogram is flat and red, suggesting that selling pressure is present. Therefore, the overall outlook for the pair remains mixed, and it is worth monitoring the price action around the 91.00 and 92.00 boundaries.

Support levels are located at 91.00, 90.50, and 90.00, while resistance levels are at 92.00, 92.50, and 93.00.

NZD/JPY daily chart

• NZD/JPY price up in Tuesday's session, mildly rose to 91.65.
• The pair rose some but stayed in a trading channel from 92.00 and 91.00.
• RSI displayed growing buying pressure, while MACD showed flat selling pressure during the past price action.

The NZD/JPY rose mildly to 91.65 in Tuesday's session. The pair saw some gains but remains stuck in a clear trading channel between 92.00 and 91.00. A bearish crossover, about to be completed between the 20 and 100-day Simple Moving Average (SMA) might push the pair lower.

Despite rising Relative Strength Index (RSI) buying pressure and flat Moving Average Convergence Divergence (MACD) selling pressure, overall momentum seems to be mixed. The pair’s latest price action formed a neutral candlestick pattern, following negative and positive candles, suggesting indecisiveness in trend.This suggests that the overall market sentiment is neutral, with neither buyers nor sellers holding a clear advantage. However, the potential bearish crossover between the 20 and 100-day SMAs could signal a potential decline in the pair's value.

Traders should monitor the boundaries of the mentioned channel to gauge the pair's future direction as well as the pending bearish crossover for potential losses.

NZD/JPY daily chart

• NZD/JPY rose by 0.58% to 91.65 during Monday's session.
• NZD/JPY gained ground, but the cross remains stuck within a clear trading range between 92.00 and 91.00.
• The RSI indicates that buying pressure has been building, while the MACD suggests that selling pressure has been flat.

The NZD/JPY pair rose by 0.58% to 91.65, continuing the positive momentum seen during Monday's session. However, the pair remains stuck within a clear trading channel between 92.00 and 91.00. The overall momentum seems to be mixed, as the pair has been unable to break out of its trading range. A bearish crossover completed between the 20 and 100-day Simple Moving Averages (SMA) might push the pair lower, according to recent technical analysis.

The technical indicators provide mixed signals for NZD/JPY. The Relative Strength Index (RSI) is currently at 55, which suggests that buying pressure is rising. However, the Moving Average Convergence Divergence (MACD) is currently flat, which suggests that selling pressure is flat. The overall outlook is mixed, as the trend is unable to break out of its trading range.

Despite positive momentum, the pair has not broken out of its trading range. Traders should monitor the pair's reaction at its current trading channel to gauge potential breakout or reversal signals.

NZD/JPY daily chart

• NZD/JPY extends downtrend, breaking below key support.
• Technical indicators suggest further downside potential.
• The overall picture sees the pair stuck in a side-ways trading channel.

In Friday's session, the NZD/JPY declined by 1.20% to 91.00, continuing its bearish momentum. This break below the crucial 91.00 support level and the convergence of the 20 and 100-day Simple Moving Averages (SMAs) further confirms the strength of the selling pressure.

The analysis of technical indicators reveals a bearish outlook. The Relative Strength Index (RSI) has fallen into the negative territory and is declining sharply, indicating increasing selling pressure. The Moving Average Convergence Divergence (MACD) is also indicating rising selling momentum, as the histogram is red and rising.

Based on these observations, the NZD/JPY pair is expected to continue its downward trajectory. The initial support level to watch is 90.80, followed by 90.50 and then 90.30. On the upside, the first resistance level is 91.50, followed by 91.80 and 92.00.

NZD/JPY daily chart

• NZD/JPY continues to trade withing a range despite Wednesday's sharp gains.
• Indicators show that buying pressure spiked.
• The pair jumped above the 20 and 100-day SMA convergence.

In Wednesday's session, the NZD/JPY underwent upward fluctuations, gaining 0.96% to reach 91.80 and regaining key levels.

Regarding technical indicators, the Relative Strength Index (RSI) stands at 58, indicating a positive market sentiment with growing buying pressure. Moreover, the Moving Average Convergence Divergence (MACD) histogram displays decreasing red bars, suggesting a decline in selling pressure. These indicators collectively paint an improving technical picture For the NZD/JPY.

The NZD/JPY pair has rallied significantly, driven by buyers pushing the price action higher above the convergence of the 20 and 100-day Simple Moving Averages (SMAs). This move suggests a bullish momentum, as the SMAs are key technical indicators that gauge the average price movement over specific periods. The buyers must now maintain this level above the SMA convergence to sustain the bullish trend. If they succeed, it could lead to further upside potential.

NZD/JPY daily chart

• NZD/JPY pair remains directionless, showing a lack of clear upward or downward momentum.
• Sellers maintain some control as the pair remains below its 20-day Simple Moving Average.

The NZD/JPY pair has been trading sideways over the past sessions, consolidating within a range and rose to 91.10 on Tuesday. Bears continue to win small battles and are slowly pushing the cross below the 20-day Simple Moving Average (SMA). 

The Moving Average Convergence Divergence (MACD) histogram presents rising red bars, indicating increasing selling pressure. However, the Relative Strength Index (RSI) is rising from the midpoint, suggesting a potential recovery in buying momentum. Overall, the technical outlook for NZD/JPY remains mixed, with no clear trend emerging but with some selling signals emerging.

Traders can closely monitor key support and resistance levels to gauge market sentiment. Support levels currently stand at 91.00, 90.70 and 90.30, while resistance levels reside at 91.30, 91.50, and 92.00.

The prevailing range-bound movement aligns with the mixed technical outlook, indicating indecision in the market. Until a clear break above or below these support and resistance levels occurs, the sideways movement is likely to continue.

NZD/JPY daily chart

• NZD/JPY extended its decline on Monday, dropping to 90.90.
• Technical indicators suggest a bearish outlook, with increasing selling pressure and a declining RSI.
• The 20-day SMA is the last barrier against the sellers.

The NZD/JPY’s recent sideways movement seems to be ending, as the pair resumed its decline and fell slightly below the 20-day Simple Moving Average (SMA), below 91.00 on Monday. 

The Moving Average Convergence Divergence (MACD) indicator shows rising red bars, indicating increasing bearish momentum while the Relative Strength Index (RSI) is below 50, with a declining slope, also suggesting a bearish outlook.

The selling pressure is likely to continue, with potential support levels at 90.50, 90.00, and 89.50. If the pair breaks below 90.50, it could signal further decline. On the other hand, a close above 91.50 resistance could indicate a trend reversal. However, the overall outlook remains bearish, as the MACD and RSI indicators suggest strong selling pressure. In addition, the 100-day SMA is looming near the 20-day average and in case of completing a bearish crossover more selling pressure should be expected.

NZD/JPY daily chart

• NZD/JPY has been trading sideways recently, with mixed signals from technical indicators.
• The pair is currently supported at 90.70 and faces resistance at 91.90.
• There are some signs of bearish momentum mounting which could threaten the 20-day SMA.

Friday's trading saw the NZD/JPY pair continue its sideways movement of the past sessions. The pair exhibits a range-bound pattern with no significant upward or downward spikes. By the end of the week the cross mildly rose to 91.20, but the outlook remains neutral.

Technical indicators provide mixed signals regarding the NZD/JPY's future direction. The Relative Strength Index (RSI) sits at 53, indicating positive territory for the pair. The upward slope of the RSI suggests a steady buying pressure. However, the Moving Average Convergence Divergence (MACD) shows signs of increasing selling pressure, with rising red bars in the histogram. 

Support levels lie at 91.00 (20-day Simple Moving Average (SMA)), 90.70, and 90.50. Conversely, resistance levels are found at 91.30, 91.50, and 91.70. These levels define the range within which the NZD/JPY has been trading recently.

NZD/JPY Daily chart

• NZD/JPY faces mild gains, trading at 91.60.
• The short-term outlook remains neutral to bullish, with support at the 20-day SMA temporarily halting the decline.
• A breakout above 92.20 is needed to confirm the uptrend.

In Wednesday's session, the NZD/JPY pair exhibited a modest upward movement, reaching 91.60. The overall technical picture suggests a prevailing neutral to bullish bias for the short-term, due to  mixed signals from technical indicators. In addition a bearish crossover between the 20, 100 and 200-day Simple Moving Averages (SMA) might also change the outlook.

The Relative Strength Index (RSI) currently stands at 58, indicating a strengthening buying pressure. The Moving Average Convergence Divergence (MACD) displays flat green bars, suggesting a neutral stance between buyers and sellers. This confluence of indicators highlights a potential shift in the balance of power, but with some evidence of buying pressure gaining momentum.

Traders should eye the 91.50 area where the 20, 100 and 200-day SMA are about to confirm a bearish crossover which might trigger a sell-off. However, the 20-day SMA proved to be a strong barrier so sellers might have a hard time breaching it.

Supports: 91.60,91.30 and 91.15
Resistances: 91.80, 92.00,92.30

NZD/JPY daily chart

• NZD/JPY has dropped to 91.50 in Tuesday's session, signaling a mild bearish turn.
• Technical indicators show a neutral outlook, with the RSI starting to slow down but remaining in positive territory.

NZD/JPY has reversed its upward trajectory after a period of sideways consolidation. In Tuesday's session, the pair declined mildly to 91.50, suggesting a potential shift in market sentiment. However, its unlikely that Tuesday’s movements are a trend shift as the pair continues stuck between the 20-day Simple Moving Average and the 92.00 threshold.

The Relative Strength Index (RSI) has slid from 57, indicating that buying pressure is decreasing. Meanwhile the MACD is showing flat momentum with a neutral histogram and a declining signal line. This change in the signal line could point a potential bearish momentum in the price.

The pair has been trading sideways over the past sessions, within a narrow range defined by support at around 90.70 (20-day SMA) and resistance at 92.20.The 20-day SMA serves as a critical support level that could trigger stronger selling pressure if breached while the 100 and 200-day SMA convergence around 92.00 is the resistances to be breached which could improve the outlook.

NZD/JPY daily chart

• NZD/JPY has risen by 0.75% to 91.70 in Monday's session, signaling a bullish resumption.
• Technical indicators show a neutral outlook, with the RSI at 58 and the MACD hovering around the zero line.

NZD/JPY has resumed its upward trajectory after a period of consolidation. In Monday's session, the pair surged to 91.70, suggesting a potential shift in market sentiment. This move could be the beginning of a new bullish phase for NZD/JPY.

While technical indicators currently portray a neutral outlook, they do not contradict the bullish momentum evident in the price action. The Relative Strength Index (RSI) has risen at 58, indicating that buying pressure has stabilized. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram is hovering around the zero line, signaling a lack of clear direction. However, the MACD is beginning to show signs of a bullish crossover, which would align with the positive price action.

The pair has been trading sideways over the past sessions, within a narrow range defined by support at 91.00 and resistance at 92.00. The 20-day Simple Moving Average (SMA), around the mentioned lower boundary will hold as critical support in the event of a pullback as it was defended by the buyers in the last two weeks but if sellers breach it, it might flip the table.

NZD/JPY daily chart

• The NZD/JPY has been trading sideways recently, showing no clear trend.
• Technical indicators suggest a growing bearish momentum, with the RSI and MACD starting to turn in favor of the sellers.
• The 100 and 200-day SMA completed a bearish crossover at 92.00.

The NZD/JPY pair has traded within a tight range recently, demonstrating a lack of clear directional momentum. However, Friday's session saw a modest decline of 0.32% to 91.00, hinting at a potential shift in sentiment.

Technical indicators align with this observation. The Relative Strength Index (RSI) of 52 suggests that buying pressure is on the wane. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram is red and rising, indicating growing bearish momentum. This divergence between the price action and technical indicators suggests that selling forces may be gaining the upper hand.

It is important to note that the 100 and 200-day Simple Moving Averages (SMAs) have converged and crossed at 92.00, forming a strong resistance level. A break below this confluence could intensify selling pressure and add further downward momentum to the pair. Conversely, a break above this key level could indicate a reversal of the current trend.

NZD/JPY daily chart

• NZD/JPY pair has seen a pullback with some selling pressure emerging.
• Technical indicators suggest a weakening bullish outlook, with the RSI and MACD flattening.
• The pair has formed a strong resistance near the convergence of the 100 and 200-day SMAs.

The NZD/JPY pair has retreated from its recent highs, signaling a potential shift in momentum. In Thursday's session, the pair shed 0.40% to 91.30, and continues to side-ways trade but with some signs of bulls weakening.

The technical indicators are mirroring this shift. The RSI, which measures the strength of buying pressure, has declined to 56, indicating a weakening bullish sentiment. The MACD, which gauges the relationship between the pair's short-term and long-term moving averages, has flattened, suggesting a neutral outlook remains flat and green.

Important support and resistance levels need to be watched closely are seen at 91.30, 91.00, and 90.50. Resistance levels are located at 91.50, 92.00 (the convergence of the 100 and 200-day SMAs), and 92.30. The pair's price action is likely to fluctuate within these levels in the near term. The 20-day SMA remains as a critical support level on the downside, and its breach could intensify the selling pressure and strengthen the bearish momentum.

That being said, the price action will be determined by fundamentals as the pair continues to be stuck between the 20-day SMA and the 100 and 200-day SMA convergence. Investors should monitor a breach of these two boundaries.

NZD/JPY daily chart

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• NZD/JPY sees a continuation of its uptrend with buying pressure dominating.
• Technical indicators, including the RSI and MACD, support the bullish outlook.
• The pair attempting to breach the 100 and 200-day SMA convergence.

Wednesday's trading session witnessed sustained buying pressure in NZD/JPY, leading to a 0.45% increase to 91.65. The pair extended its upward momentum from previous sessions, indicating a growing bullish sentiment.

Technical indicators reinforce the positive outlook for NZD/JPY. The RSI, which measures the strength of buying pressure, has risen to 60 and the upward sloping movement suggests that buying pressure is increasing. The MACD, which measures the relationship between the pair's short-term and long-term moving averages, also supports the bullish sentiment. The histogram is green and flat, indicating that buying pressure is dominant.

Key support and resistance levels remain relevant, with support at 91.50,91.30 and 91.00 and resistances are seen at 92.00 (100 and 200-day SMA convergence), 92.30 and 92.50. These levels are likely to influence the pair's price action in the near term. The 20-day SMA, a crucial support level, has successfully held off selling pressure, contributing to the pair's bullish bias.

NZD/JPY daily chart

• NZD/JPY sees modest gains on the day, and buying pressure rises somewhat.
• The uptrend momentum is capped by flat selling pressure, leading to neutral momentum.
• The 20-day SMA remains a crucial support level with bears unable to breach it.

In Tuesday's trading session, the NZD/JPY pair has risen by 0.20% to 90.95, reflecting a slight bullish sentiment on the session. On the bigger picture, the pair continues to trade within a narrow range, with buyers and sellers in a tussle for dominance.

Technical indicators provide a mixed outlook for NZD/JPY. The Relative Strength Index (RSI) for NZD/JPY has mildly climbed to 54, indicating a positive buying trend that is growing in strength. This suggests that buyers are regaining momentum and may push the pair higher.

On the other hand, the Moving Average Convergence Divergence (MACD) histogram remains flat and red, showing that selling pressure is currently weak but persistent. Due to the opposing signals from the RSI and the MACD, the pair's momentum can be considered neutral for now.

The key support and resistance levels remain unchanged, with support at 90.65, 90.95, and 91.15, and resistance at 91.35, 92.00, and 92.15. These price level are set to play a pivotal role in determining the pair's future direction. The 20-day SMA, a pivotal support level, has been instrumental in preventing the pair's slide and will likely continue to do so in the near term.

NZD/JPY daily chart

• NZD/JPY edges lower under the 91.000 mark as selling pressure mounts.
• RSI declining, suggesting falling buying momentum.
• The 20-day SMA continues to be a strong barrier.

In Friday's session, the NZD/JPY pair declined by 0.20% to 90.80, encountering increased resistance and losing ground still holding the key 20-day Simple Moving Average (SMA).

NZD/JPY daily chart

The daily Relative Strength Index (RSI) for NZD/JPY has dropped to 52, indicating a decline in buying pressure. The decreasing RSI values suggest that momentum is shifting in favor of the sellers but while it remains close to the middle point it suggests a neutral momentum. Moreover, the Moving Average Convergence Divergence (MACD) histogram has flattened and moved into negative territory. This technical indicator suggests that selling pressure is increasing and that the downward trend could continue.

The 100, and 200-day SMAs are close to perform a bearish crossover around the 92.00 mark which could be the catalyst the sellers need to enter the next bearish leg.

On the buyer’s side, the 20-day SMA, serves as a critical support level, continues to attract buyers and the sellers are being unable to breach it. However, if the pair breaks below this level, it could signal a further decline in prices. Critical support levels for the NZD/JPY pair are located at 91.00, 90.30 and 90.00, while resistance levels lie at 92.00, 92.15 ,and 92.50.

• NZD/JPY continues to trade sideways using the 20-day SMA as a support.
• RSI and MACD are sending mixed signals.
• Buyers and sellers remain indecisive which favours a neutral outlook.

In Thursday's session, the NZD/JPY pair rose by 0.45% to 90.95, continuing the sideways movement seen in the past few sessions.

The daily Relative Strength Index (RSI) is currently at 54, indicating that the pair is in neutral territory. However, the RSI is rising, suggesting that buying pressure is steady. In addition, the Moving Average Convergence Divergence (MACD) histogram is red confirming a bearish presence.

Regarding the overall outlook, the 20,100 and 200-day SMAs seem to be converging to the 92.00 area to perform a crossover which might define the short-term trajectory. In the meantime, the 20-day SMA continues serving as a solid support and bears continue to battle with it and seem to be struggling to conquer it. Overall price action continue to side-ways trade and neither bulls nor bears are clear dominants, at least for the short term.

Support levels can be found at 90.50, 90.30 and 90.00, while resistance levels lie at 92.00, 92.50 and 93.00.

NZD/JPY daily chart

• The NZD/JPY continues trading side-ways using the 20-day SMA as a support.
• RSI and MACD indicate declining buying pressure.
• Buyers must defend th 20-day SMA to avoid losses.

In Wednesday's session, the NZD/JPY mildly fell to 90.60, continuing the sideways movement seen in the past few sessions.

The daily Relative Strength Index (RSI) is currently at 51, indicating that the pair is in the positive area. However, the RSI is declining, suggesting that buying pressure is declining. The Moving Average Convergence Divergence (MACD) histogram is green and decreasing, confirming the bearish momentum.

The 90.60 level remains crucial for the near-term outlook of the NZD/JPY pair. On Wednesday, the pair continued to struggle near this support level. A breakdown below 90.60 could pave the way for further losses, potentially targeting the next psychological support at 89.50. However, if the pair holds above 90.60 and buyers regain strength, a reversal could push the price towards the 91.00 resistance level and even up to 92.00, where the 20, 100, and 200-day Simple Moving Averages (SMA) converge.

Bears have been persistently testing the 20-day SMA, which has served as a notable support. A successful break below this level could solidify the bearish momentum, leading to increased downside pressure.

NZD/JPY Daily chart

• NZD/JPY has been in a sideways movement for the past few sessions, with sharp losses in Tuesday's session.
• RSI is declining sharply, MACD histogram is green and decreasing, suggesting that buying pressure is declining.
• A breakdown below 90.00 could confirm further downside potential.

The NZD/JPY pair declined by 0.60% to 90.70 in Tuesday's session and threatens with a reversal in the recent bullish movements.

The daily Relative Strength Index (RSI) is currently at around 52, indicating that the pair is in the positive area. However, the RSI is declining sharply, suggesting that buying pressure is declining. The Moving Average Convergence Divergence (MACD) histogram is green and decreasing, suggesting that buying pressure is declining. The MACD histogram direction is green and decreasing, confirming the bearish momentum.

The 90.00 level is crucial for the pair’s near-term outlook. A breakdown below this support could open the door to additional losses, potentially targeting the next psychological support at 89.50. However, if the pair finds support above this level and buyers step in, a reversal could occur, targeting resistances at 91.00 and potentially 92.00, where the 20, 100, and 200-day simple moving averages converge.

NZD/JPY daily chart