NZD/JPY Price Analysis: Bears gains ground with eyes on 20-day SMA
15.01.2024, 21:39

NZD/JPY Price Analysis: Bears gains ground with eyes on 20-day SMA

  • The NZD/JPY saw a minor decline to 90.35 and eyes the 20-day SMA at 89.90.
  • Daily chart indicators reveal that sellers have a slight upper hand in the short term.
  • Despite bearish indicators, the overall trend is still bullish.

In Monday's session, NZD/JPY experienced a slight drop to 90.35 following losses from its daily high at 90.55. With the daily chart establishing a neutral to bullish prospect, the bears are nevertheless gaining ground as the buyer's momentum remains weak. The four-hour chart indicators also remain in the red zone.

Given the current positioning within the daily time frame, the indicators reflect that the buying momentum is dominant when considering the overall trend indicated by the pair's positioning above the 20, 100, and 200-day Simple Moving Averages (SMAs). However, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) show that the momentum in the short term is waning and that bears are gaining traction.

While the broader picture carries an overall upward bias, the short-form charts tell a different story. Considering the four-hour chart, the selling pressure is gaining some ground progressively. With indicators situated within the negative terrain, the four-hour RSI is trending down while the four-hour MACD prints red bars, further reinforcing the short-term downward bias. The change in momentum on the shorter-term charts might be an early sign that the bulls are losing strength, allowing the bears to slowly take over.

NZD/JPY technical levels

NZD/JPY daily chart

© 2000-2025. 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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

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.

Politika poverenja

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
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik