The NZD/JPY pair has shown a bullish performance, upheld by strong buying momentum over past trading sessions. Although it stands at 92.55, a high since February, signs of a potential market shift are emerging as indicators are near overbought territory.
Based on the daily chart, the Relative Strength Index (RSI) indicates increasing bullish momentum, having moved from a negative territory into positive conditions during the previous session and it resides near the 70 threshold. Concurrently, the Moving Average Convergence Divergence (MACD) shows rising green bars, indicating a developing positive momentum. Nonetheless, the RSI nearing overbought conditions provides a warning about the potential for market correction.
On the hourly chart, the RSI moved steadily upwards from a negative to a positive trend. However, recent RSI levels are slightly lower as they seem to be correcting overbought conditions noted earlier in the session.
In a broader context, the placement of the NZD/JPY relative to its Simple Moving Average (SMA), the cross pair is trading above its 20, 100, and 200-day SMA, suggestive of an upward trajectory. This positioning supports both short-term buy opportunities and a favorable long-term outlook, affirming a sustained long-term bullishness for the NZD/JPY.
Overview | |
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Today last price | 92.56 |
Today Daily Change | 0.39 |
Today Daily Change % | 0.42 |
Today daily open | 92.17 |
Trends | |
---|---|
Daily SMA20 | 91.22 |
Daily SMA50 | 91.45 |
Daily SMA100 | 90.71 |
Daily SMA200 | 89.43 |
Levels | |
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Previous Daily High | 92.18 |
Previous Daily Low | 91.74 |
Previous Weekly High | 91.62 |
Previous Weekly Low | 89.96 |
Previous Monthly High | 92.2 |
Previous Monthly Low | 90.17 |
Daily Fibonacci 38.2% | 92.01 |
Daily Fibonacci 61.8% | 91.91 |
Daily Pivot Point S1 | 91.88 |
Daily Pivot Point S2 | 91.59 |
Daily Pivot Point S3 | 91.44 |
Daily Pivot Point R1 | 92.32 |
Daily Pivot Point R2 | 92.47 |
Daily Pivot Point R3 | 92.76 |
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