website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast New Zealand Dollar / Japanese Yen technical chart
Symbol NZDJPY

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (75.28 to 74.55). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (75.28)
  • Ending of entry zone (74.55)

DateMarch 13, 2022 - 19:42
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 74.550, beginning of uptrend is expected.
  • We make sure when the resistance at 82.520 breaks.
  • If the support at 74.550 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 76.046 on 2021-12-03 and the trough at 75.216106 on 2022-02-02, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 75.86 on 02/14/2022, so more gains to resistance(s) 80.17, 80.99 and maximum to Major Resistance (82.52) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 72.

Take Profits:

  1. 80.17
  2. 82.52
  3. 83.85
Click on the level to view price action history.