NZD/JPY Price Analysis: Bullish momentum flattens on the daily chart, buyers still in control


  • The NZD/JPY settled at 91.12 mild losses in the Friday session.
  • The daily RSI reveals a steady bullish momentum.
  • Hourly chart indicators show a rising bullish sentiment despite some variability.

The NZD/JPY pair, with a slight decline, is currently trading at 91.12 in Friday's session.On the daily chart, the bullish momentum remains steady while the buyers are more present on the hourly timeframes.

The daily chart reveals that the Relative Strength Index (RSI) for the pair is displaying a broadly favorable trend, with a recent rise from the negative zone into positive territory. Meanwhile, the Moving Average Convergence Divergence (MACD) is producing green bars, indicating positive ascending momentum.

NZD/JPY daily chart

Turning attention to the hourly chart a similar pattern is observed in the RSI values. Despite some variability, in recent hours, the RSI remains in the positive sector, rendering the momentum chiefly bullish. The MACD supports this bullish inclination as it illustrates ascending green bars, implying intensified upward momentum on an hourly timeline.

NZD/JPY hourly chart

As for the overall trend, NZD/JPY sits above its 20,100 and 200-day Simple Moving Average (SMA), indicating a bullish stance in the long run.

In summary, as the daily and hourly RSI indicators, in conjunction with the MACD's green bars, the momentum favors the buyers. However, some flatness was seen in the daily indicators but as long as the pair remains above its main SMAs, the outlook will be positive.

 

NZD/JPY

Overview
Today last price 91.15
Today Daily Change -0.03
Today Daily Change % -0.03
Today daily open 91.18
 
Trends
Daily SMA20 90.89
Daily SMA50 91.21
Daily SMA100 90.56
Daily SMA200 89.2
 
Levels
Previous Daily High 91.7
Previous Daily Low 91
Previous Weekly High 91.25
Previous Weekly Low 90.17
Previous Monthly High 92.2
Previous Monthly Low 90.17
Daily Fibonacci 38.2% 91.43
Daily Fibonacci 61.8% 91.27
Daily Pivot Point S1 90.88
Daily Pivot Point S2 90.59
Daily Pivot Point S3 90.18
Daily Pivot Point R1 91.59
Daily Pivot Point R2 92
Daily Pivot Point R3 92.3

 

 

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