The NZD/JPY pair has shown a strong bullish momentum this week, with Wednesday's 2% gain towards 88.00 suggesting that the bulls are waking up.
NZD/JPY's strong bullish momentum continues, with technical indicators signaling a potential shift. The RSI is vertically up but remains in oversold terrain. The MACD indicator is also bullish, as the histogram is turning positive. The NZD/JPY pair has shown a strong bullish momentum this week, with Wednesday's 2% gain towards 88.00 suggesting that the bulls are waking up.
On the other hand, the Relative Strength Index has moved from 10 to 30. This suggests that the bulls are in control of the market and that further gains are likely as technically the pair is oversold so the bulls have more room to go. NZD/JPY daily chart The NZD/JPY pair is consolidating above the 87.00 level, and the bulls are attempting to push the pair towards the 90.00 zone. If the bulls are successful, it could open the door to further gains towards the 91.00 zone.
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NZD/JPY Price Analysis: Potential pullback, as the pair struggles to surpass 99.00In the Tuesday trading session, the NZD/JPY pair exhibited a minor uptick, hovering near the 99.00 mark.
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NZD/JPY Price Analysis: Momentum declined, bulls defend the 20-day SMADuring Wednesday's trading session, the NZD/JPY pair experienced a 0.40% decline to land at 98.30.
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NZD/JPY Price Analysis: Bears seize control, key 20-day SMA broken breachedIn Thursday's trading session, the NZD/JPY pair dropped substantially, losing 1.40% to land at 96.80.
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NZD/JPY Price Analysis: Four-day losing streak intensifies as cross plunges deeperOn Monday, the NZD/JPY registered a substantial decline of 0.45% to end at 96.15.
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NZD/JPY Price Analysis: Cross extends losing streak, indicators near oversold declineOn Tuesday, the NZD/JPY saw more losses and fell below 96.00.
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NZD/JPY Price Analysis: Pair extends losing streak to six days, indicators flash oversold signalsOn Wednesday, the NZD/JPY pair witnessed a further drop to land at 95.00.
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