The NZD/JPY stabilized at around 90.94 and managed to clear most of its daily losses. However, in the shorter time frames, there are signs of a bullish recovery.
The daily Relative Strength Index (RSI) hovers in the negative territory. The most recent reading fell to 48, reflecting a market momentum currently dominated by sellers. Furthermore, the Moving Average Convergence Divergence (MACD) histogram prints flat green bars, indicating a lack of positive momentum.
Transitioning to the hourly chart, the RSI seems to confirm the tepid sentiment observed on the daily chart. The most recent reading also lands in the 48 range. Nevertheless, signs of slight improvement towards the positive territory appear in the RSI and the latest session reading climbed from a preceding low of 41. Moreover, the MACD histogram on the hourly chart prints green bars, suggesting a possible pick-up in positive momentum.
The broader outlook, on the other hand, suggests that the bulls control the overall trend, but as long as the buyers fail to reclaim the 20-day Simple Moving Average (SMA), the short-term outlook will remain tilted in favor of the buyers.
Overview | |
---|---|
Today last price | 90.98 |
Today Daily Change | -0.09 |
Today Daily Change % | -0.10 |
Today daily open | 91.07 |
Trends | |
---|---|
Daily SMA20 | 91.12 |
Daily SMA50 | 91.39 |
Daily SMA100 | 90.65 |
Daily SMA200 | 89.3 |
Levels | |
---|---|
Previous Daily High | 91.6 |
Previous Daily Low | 90.84 |
Previous Weekly High | 92.37 |
Previous Weekly Low | 90.7 |
Previous Monthly High | 92.2 |
Previous Monthly Low | 90.17 |
Daily Fibonacci 38.2% | 91.31 |
Daily Fibonacci 61.8% | 91.13 |
Daily Pivot Point S1 | 90.74 |
Daily Pivot Point S2 | 90.4 |
Daily Pivot Point S3 | 89.97 |
Daily Pivot Point R1 | 91.51 |
Daily Pivot Point R2 | 91.94 |
Daily Pivot Point R3 | 92.27 |
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.