The NZD/JPY tallied daily gains on Tuesday’s session and rose to 91.78. The pair maintains a solid footing above all main Simple Moving Averages (SMAs), which may signal additional strength despite intra-day pull-backs seen during the American session. Indicators remain strong on the daily chart but the hourly ones are losing traction as they are correcting overbought conditions.
On the daily chart, the Relative Strength Index (RSI) for the NZD/JPY has been trending positively within the positive territory. The Moving Average Convergence Divergence (MACD) histogram also displays increasing green bars, indicating bullish momentum.
On the hourly chart, the RSI shows a reading of 68 but points south which reveals that buyers seem to be taking a breather as they hit overbought conditions earlier in the session. The hourly MACD, similar to the daily chart, also prints green bars, suggesting an ongoing upward trajectory.
Looking at the bigger picture, the NZD/JPY remains favourably positioned above its relevant Simple Moving Average (SMA) metrics, these being the 20, 100, and 200-day time horizons. However, ahead of the Asian session the pair may see further pullbacks as indicators start to lose traction on the hourly chart. One the other hand, the daily RSI and MACD remain strong and unless the bears conquer the 20-day SMA, the outlook will remain positive.
Overview | |
---|---|
Today last price | 91.78 |
Today Daily Change | 0.14 |
Today Daily Change % | 0.15 |
Today daily open | 91.64 |
Trends | |
---|---|
Daily SMA20 | 91.11 |
Daily SMA50 | 91.43 |
Daily SMA100 | 90.67 |
Daily SMA200 | 89.38 |
Levels | |
---|---|
Previous Daily High | 91.69 |
Previous Daily Low | 90.95 |
Previous Weekly High | 91.62 |
Previous Weekly Low | 89.96 |
Previous Monthly High | 92.2 |
Previous Monthly Low | 90.17 |
Daily Fibonacci 38.2% | 91.41 |
Daily Fibonacci 61.8% | 91.23 |
Daily Pivot Point S1 | 91.16 |
Daily Pivot Point S2 | 90.69 |
Daily Pivot Point S3 | 90.43 |
Daily Pivot Point R1 | 91.9 |
Daily Pivot Point R2 | 92.16 |
Daily Pivot Point R3 | 92.64 |
Keep up with the financial markets, know what's happening and what is affecting the markets with our latest market updates. Analyze market movers, trends and build your trading strategies accordingly.