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

• 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

• NZD/JPY has been trading sideways recently, with a slightly bullish outlook.
• RSI is in the positive area and rising, MACD is flat and green.
• A breakout above 92.50 could confirm further upside potential.

The NZD/JPY pair resumed its upward trajectory on Monday, gaining 0.15% to 91.25. Since early October, the pair has been trading in a narrow range, consolidating the gains from last month but the 20,100 and 200-day Simple Moving Averages (SMAs) seem to be converging towards the 92.50 which could signal that a test of that level may be on the horizon.

The Relative Strength Index (RSI) is in the positive area and rising, indicating that buying pressure is strong. The Moving Average Convergence Divergence (MACD) is flat and green, suggesting that buying pressure is steady.

The price action has been contained within a narrow range, and the pair has not made any significant upward or downward spikes. The technical outlook remains bullish, and a breakout above 92.50 could confirm further upside potential. Supports are seen at 90.00, 90.50, and 91.00, and resistances at 91.50, 92.00 (20,100 and 200-day SMA convergence), and 92.50.

NZD/JPY daily chart

• NZD/JPY is trading within a range, bounded by 90.10 and 91.60.
• RSI is slightly rising in positive territory, MACD declining but still positive.
• A clear direction is lacking, but a potential upside breakout could take place.

The NZD/JPY pair continues moving sideways on Wednesday, extending the consolidation of the past week. The pair is currently trading at 91.00, with 0.30% gains and a slight upward bias. The pair remains trapped within the range defined by the 90.00 support and the 91.00 resistance, with indicators showing a lack of clear direction.

The technical indicators provide a mixed picture. The Relative Strength Index (RSI) is at 55, in the positive terrain, and has a slightly rising slope, indicating that buying pressure is steady. However, the Moving Average Convergence Divergence (MACD) is green and decreasing, suggesting that buying pressure is weak.

The overall outlook is slightly bullish due to the pair's position above the 20-day Simple Moving Averages (SMA). However, caution is advised as the MACD shows signs of weakening which could lead to a bearish leg. The main support level is the 90.00 area (20-day SMA) which in case of being lost could ignite a drop to the 88.00-87.00 range. On the other hand, the main resistance to conquer is the 91.00 area which could fuel a rise towards 91.60.

NZD/JPY daily chart

• NZD/JPY continues to trade within a range, just below 91.00.
• RSI retreats towards 50, MACD flat, indicating neutral momentum.
• A decisive breakout above 91.00 could extend gains toward 92.00.

The NZD/JPY pair pulled back on Monday, declining by 0.80% to 90.70, but it continues to side-ways trade between 91.00 and 90.00.

The Relative Strength Index (RSI) is currently at 53, which is in the positive area. However, the RSI has been declining sharply, which suggests that buying pressure is declining. The MACD is currently flat and green, which suggests that buying pressure is flat and that there is no clear trend in the pair.

The NZD/JPY pair has been trading within a range for the past seven sessions, after an upwards spike on October 2. The pair is currently trading around 90.70, near the middle of the range. Support levels are seen at 90.30, 90.15, and 90.00, while resistance levels are at 91.00, 91.50, and 92.00. In the short-term, the outlook seems to be neutral, but as the pair trades below the 100 and 200-day Simple Moving Averages (SMA) it paints the trend with bearishness.

NZD/JPY daily chart

• NZD/JPY snaps a seven-day streak and consolidates above 90.00.
• RSI holds near 60, indicating bullish momentum; MACD flat, suggests flattening buying pressure.
• Bulls target resistance at 91.00, breakout could extend gains.

The NZD/JPY pair, after posting a 0.20% drop on Wednesday, continues to consolidate above the 90.00 mark. The bulls are holding on to their control of the market, with the technical indicators indicating a still-bullish outlook. The Relative Strength Index (RSI) currently stands at 60, suggesting that buying pressure persists. On the other hand, the Moving Average Convergence Divergence (MACD), a momentum indicator, is showing flat green bars, which points to a flattening of buying pressure. Overall, the NZD/JPY outlook remains positive, with the bulls looking towards a potential breakout above the 91.00 mark.

Since mid-September, the cross tallied a seven-day winning streak which improved the short-term outlook as it positioned the pair above the 20-day Simple Moving Average (SMA). With the buying pressure weakening the pair could find support at 90.00, 89.30, and 89.00 as well as resistance levels at 90.50, 90.80, and 91.00.

NZD/JPY daily chart

• NZD/JPY retreats from Monday's high, and consolidates around 90.00.
• RSI remains in positive territory, MACD rising green bars indicate bullish momentum.
• Bulls target resistance at 90.50, breakout could extend gains.

The NZD/JPY pair, after logging a 0.30% gain on Monday, retreated slightly and consolidated around the 90.00 level. The bulls remain in control in the near term, with the technical indicators painting a bullish picture. The Relative Strength Index (RSI) is currently at 56, indicating that buying pressure remains elevated and corresponds to a rising RSI slope, suggesting that buying pressure is increasing. The Moving Average Convergence Divergence (MACD) is also bullish, with the histogram rising and green.

Over the past seven sessions, NZD/JPY has traded sideways, fluctuating between the levels of 89.40 and 90.40. This consolidation period has formed three clear round support levels at 87.50, 88.00, and 88.50. Notably, the pair has also established resistance levels at 89.50, 90.00, and 90.50. The recent price action suggests that the bulls are in control, and a breakout above the 90.50 resistance level could lead to further gains in the near term.

NZD/JPY daily chart

• The NZD/JPY rose by nearly 0.90% to 89.80 on Friday.
• The RSI is in positive territory and rising, indicating buying pressure.
• The MACD is showing rising green bars, suggesting increasing bullish momentum.

In Friday's session, the NZD/JPY continued its climb, propelled by a 0.90% rise to 89.80. This upward trajectory indicates that the pair is gaining strength following the recent consolidation above the 89.00 level. The pair is also riding a substantial winning streak and exhibiting signs of technical strength, amplifying the possibility of further advancements.

Examining the Relative Strength Index (RSI), it is currently positioned at 54, suggesting that buying pressure is elevated and remains a driving force behind the pair's momentum. Additionally, the Moving Average Convergence Divergence (MACD) is painting a bullish picture, with rising green bars indicating increasing bullish momentum.

NZD/JPY daily chart

As for notable support and resistance levels, round support levels can be identified at 87.00, 86.50, and 86.00. Meanwhile, resistance levels can be found at 89.50, 90.00, and 90.50. The pair's breach past the 89.00 level has provided further confirmation of its bullish momentum, and sustained trading above this level could pave the way for a continued ascent..

• The NZD/JPY pair is on a three-day winning streak, with Wednesday's session adding to those gains, rising to 88.25.
• RSI is still negative but shows a rising slope, indicating recovering buying pressure.
• Decreasing red bars in the MACD confirms that selling pressure is weakening.

In Wednesday's session, the NZD/JPY pair rose by to 88.25. Considering the fresh gains and the latest technical outlook, the possibility of a reversal of last week's losses is growing.

The Relative Strength Index (RSI) is currently at 46, which is still in negative area. However, the slope of the RSI is sharply rising, indicating that buying pressure is recovering. The Moving Average Convergence Divergence (MACD) is also red, but the histogram is decreasing, suggesting that selling pressure is declining. With the cross accumulating gains and tallying a three-day winning streak the bulls are making an argument for a reversal.

NZD/JPY daily chart

Key support levels are at 87.00, 86.50, and 86.00, while resistance points are at 88.00, 88.50, and 89.00 (20-day SMA). A break above the latter would confirm a recovery and further upside movements could be expected if the bulls complete it.

• The NZD/JPY pair's latest price action shows a reversal of last week's losses with the pair extending gains from Tuesday’s session.
• RSI is sharply rising, showing that buying pressure is recovering.
• Decreasing red bars in the MACD suggests that selling pressure is weakening.

In Tuesday's session, the NZD/JPY pair rose by 0.95% above 88.00. Considering the fresh gains and the latest technical outlook, a reversal of last week's losses is on the cards.

The Relative Strength Index (RSI) is currently at 45, which is still in negative area. However, the slope of the RSI is sharply rising, indicating that buying pressure is recovering. The Moving Average Convergence Divergence (MACD) is also red, but the histogram is decreasing, suggesting that selling pressure is declining. This mixed technical outlook suggests that the NZD/JPY pair may continue to consolidate in the short term after the latest sharp losses.

NZD/JPY daily chart

Supports to the downside are located at 86.50, 86.30, and 86.00, while resistances are seen at 87.50, 87.70, and 88.00. Traders should watch for a break above 88.50 or below 86.50 to confirm a breakout in either direction.

• NZD/JPY pair has been moving downwards in the last week, but today's price action showed a sharp uptick.
• The RSI is in a negative area, but its value is sharply rising suggesting that buying pressure is recovering.
• The MACD suggests that selling pressure is flattening.

Monday's session saw the NZD/JPY pair rise by 0.60% to 87.20. However, the overall technical outlook for the NZD/JPY remains negative due to the losses seen in the last week as sellers seem to be taking a breather.

The RSI is currently at 36, which is still near the oversold area. However, the slope of the RSI is sharply rising, which suggests that buying pressure is recovering. The MACD is also red and flat, indicating that selling pressure is flat. This suggests that last week’s downward movements became over-extended and the sellers paused to take a breather. This also gives light to the buyers as the cross might continue consolidating upwards.

NZD/JPY daily chart

Supports to the downside are located at 86.30, 86.60, and 87.00, while resistances are seen at 87.30, 87.60, and 87.90.

• The NZD/JPY pair has been in a downtrend, declining in four of the last six sessions.
• The RSI is oversold and has a declining slope, indicating that selling pressure is increasing.
• The MACD is also negative and the histogram is rising.

Friday's session saw the NZD/JPY pair decline by more than 1% to 86.60 marking another day of losses. The pair has been in a downtrend over the past week, closing lower in four of the last six sessions. The overall technical outlook for the NZD/JPY is negative, and the pair is likely to continue to decline in the near term.

The RSI is currently near 30, approaching the oversold area. The slope of the RSI is also declining, which suggests that selling pressure is increasing. The MACD is also negative and the histogram is rising, indicating that selling pressure is increasing. However, the oversold signals may indicate that the pair may be poised for an upward correction to consolidate the latest downward movements.

NZD/JPY daily chart

Supports to the downside are located at 86.00, 85.00, and 84.00, while resistances are seen at 88.00, 89.00, and 90.00.

• The NZD/JPY pair has been trading sideways, with a slight downward bias, over the last sessions.
• The RSI is in the negative area, but the slope is rising, suggesting that buying pressure is recovering.

Thursday's session saw the NZD/JPY pair rise by 0.50% to 87.70. Despite the uptick, the pair has been trading sideways, with a slight downward bias, over the last sessions. The overall technical outlook is mixed, and the pair is likely to continue trading sideways in the near term.

The RSI is currently at 37, which is in the negative area. However, the slope of the RSI is rising sharply, which suggests that buying pressure is recovering. The MACD histogram is currently flat and red, which suggests that selling pressure is flat. The overall outlook for the NZD/JPY is mixed, and the pair is likely to continue trading sideways in the near term.

NZD/JPY daily chart

Supports to the downside are located at 87.00, 86.00, and 85.00, while resistances are seen at 88.00, 89.00, and 90.00.

• The NZD/JPY pair has been moving lower and broke below the key support of 87.50.
• A break below 87.00 could open the doors to a further decline towards 86.00.

The NZD/JPY pair has resumed its decline on Wednesday after failing to hold the 87.50 area. The pair is now testing the support level of 87.00, and a break below this level could open the doors to a further decline. In the meantime, indicators show that the sellers are in command.

The Relative Strength Index (RSI) is nearing the oversold area while the MACD is printing red bars, indicating that selling pressure is still strong and that the pair is likely to continue to decline.

NZD/JPY daily chart

Overall, the technical picture for the NZD/JPY pair is bearish. The pair is showing strong signs of a downtrend, with the RSI in an oversold area and with the MACD printing red bars. Supports to the downside are located at 87.00, 86.500, and 86.00 while resistances are seen at 87.50, 88.00, and 89.00.

• The NZD/JPY pair rose by 0.15% in Monday's session but remains below 88.00.
• The pair is currently trading in a range between 87.50 and 88.40.
• Bears have the 87.000 threshold on their sight.

The NZD/JPY pair has recovered some of its recent losses, suggesting that the bears' grip is weakening. In the meantime, indicators remain in negative terrain and the outlook suggests that the sellers are taking a breather.

The Relative Strength Index (RSI) flattened below 50, indicating that the bears are losing momentum. The Moving Average Convergence Divergence (MACD) printed a red bar which indicates a steady selling pressure.

NZD/JPY daily chart

After having fallen below the 20-day Simple Moving Average (SMA) of 89.60, bulls have stepped up action to defend the 87.50 support which might have parked the pair from further southers movements. If the buying continues, critical resistance levels appear at 89.00, 89.50, and 90.00.

Overall, the technical picture for the NZD/JPY pair is mixed. The pair is showing signs of a potential reversal, but it remains below its key moving averages. If the pair can break above its 20-day SMA, it could signal a further rally in the pair. Meanwhile, bears command.