NZD/JPY Price Analysis: Bearish reversal cues emerge, buyers give up gains
04.04.2024, 20:00

NZD/JPY Price Analysis: Bearish reversal cues emerge, buyers give up gains

  • The daily chart signifies a bullish market; yet, the hourly chart shows hints of a short-term bearish reversal.
  • The NZD significantly weakened during the American session and cleared daily gains.
  • The hourly RSI dived from the overbought area near oversold terrain.

The NZD/JPY cleared all of its daily gains and fell by nearly 0.75% during the American session. Bearish clues emerge on the hourly chart, but the daily technical outlook remains somewhat bullish.

On the daily chart, the NZD/JPY Relative Strength Index (RSI) reveals its latest reading, slightly shifting towards a positive trend. The value is edging past the 50 mark after a period of predominantly being in negative terrain. However, with the latest RSI reading barely past 50, the momentum can still be seen as not strongly favoring the buyers.

NZD/JPY daily chart

On the hourly RSI reading fell on the negative side after being near 70. The MACD histogram has begun to print rising red bars, also suggesting a rising negative momentum.

NZD/JPY hourly chart

 

Regarding the overall trend, the NZD/JPY pair jumped above the 20-day SMA today, often serving as a bullish short-term signal. In addition, the pair stands above its 100 and 200-day Simple Moving Average (SMA), also flashing a long-term positive outlook.

In conclusion, based on both the daily and hourly trends, plus taking the position in relation to the SMA into consideration, the NZD/JPY shows signs of a potential shift from a bearish to a bullish stance in the immediate term. However, if the bulls hold the above main SMAs, the outlook will still be positive.

 

NZD/JPY

Overview
Today last price 91.02
Today Daily Change -0.11
Today Daily Change % -0.12
Today daily open 91.13
 
Trends
Daily SMA20 90.9
Daily SMA50 91.19
Daily SMA100 90.55
Daily SMA200 89.18
 
Levels
Previous Daily High 91.18
Previous Daily Low 90.22
Previous Weekly High 91.25
Previous Weekly Low 90.17
Previous Monthly High 92.2
Previous Monthly Low 90.17
Daily Fibonacci 38.2% 90.81
Daily Fibonacci 61.8% 90.59
Daily Pivot Point S1 90.51
Daily Pivot Point S2 89.89
Daily Pivot Point S3 89.56
Daily Pivot Point R1 91.46
Daily Pivot Point R2 91.8
Daily Pivot Point R3 92.41

 

 

© 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