- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- NZD/JPY Price Analysis: Bears maintain grip and further descend beneath 200-day SMA
NZD/JPY Price Analysis: Bears maintain grip and further descend beneath 200-day SMA
- Monday's trading session saw a mild downward deviation in the NZD/JPY.
- Losses materialized in thirteen of the past fourteen sessions, pointing to an intensifying bearish tendency.
- Sellers retain the upper hand, having plummeted beyond the pivotal 200-day SMA.
In Monday's trading session, the NZD/JPY pair slightly declined and dropped to 90.50, marking a continuation of the downward trend. The pair has witnessed losses in thirteen out of the last fourteen sessions, strengthening the bearish trend substantially. Since the beginning of July, the cross has now plunged by over 7%, positioning itself significantly below the vital 200-day Simple Moving Average (SMA).
Despite this seemingly relentless journey south, daily technical indicators deep in oversold territory suggest a potential for a looming side-ways trading period. The Relative Strength Index (RSI) is now at 14, sinking further into oversold territory. Moreover, the Moving Average Convergence Divergence (MACD) continues to print decreasing red bars, indicating that the selling pressure is easing off.
NZD/JPY daily chart
With the pair now below 91.00, bulls will need to defend levels at 90.50, 90.30, and 90.00 to prevent further losses. On the other hand, resistance levels reside at the previous points of 92.15 (200-day SMA), 92.50, and 94.20 (100-day SMA).
© 2000-2024. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
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.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
