The NZD/JPY pair is down by 0.45% on Tuesday, trading at 92.99. Despite some bearish undertones, the NZD/JPY maintains a long-term bullish trend above its principal Simple Moving Averages (SMAs). There is potential for short-term momentum shifts, as investors are stepping back to take profits after propelling the pair to highs since 2015 on Monday.
On the daily chart, the Relative Strength Index (RSI) for NZD/JPY has decreased over the previous sessions. The index moved from overbought terrain to below 70 indicating a possible reversal or slowdown in the buyer’s traction.
Moving to an intraday basis, the hourly chart presents a similar scenario. The RSI plunged into negative territory. Simultaneously, the Moving Average Convergence Divergence (MACD) printed a red bars signaling a rising negative momentum. This indicates that investors continued taking profits on Tuesday and that the sellers commanded the trades during the session.
From a broader perspective, NZD/JPY remains bullish despite the downside as it remains above its Simple Moving Averages (SMA) of 20,100, and 200-day periods. However, if the bears manage to gather additional momentum they might reclaim the 20-day SMA which may worsen the outlook for the pair in case of being lost.
Overview | |
---|---|
Today last price | 92.91 |
Today Daily Change | -0.54 |
Today Daily Change % | -0.58 |
Today daily open | 93.45 |
Trends | |
---|---|
Daily SMA20 | 91.66 |
Daily SMA50 | 91.53 |
Daily SMA100 | 90.84 |
Daily SMA200 | 89.52 |
Levels | |
---|---|
Previous Daily High | 95.42 |
Previous Daily Low | 92.2 |
Previous Weekly High | 94.09 |
Previous Weekly Low | 90.95 |
Previous Monthly High | 92.2 |
Previous Monthly Low | 90.17 |
Daily Fibonacci 38.2% | 93.44 |
Daily Fibonacci 61.8% | 94.19 |
Daily Pivot Point S1 | 91.96 |
Daily Pivot Point S2 | 90.47 |
Daily Pivot Point S3 | 88.74 |
Daily Pivot Point R1 | 95.18 |
Daily Pivot Point R2 | 96.91 |
Daily Pivot Point R3 | 98.4 |
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