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Weekly forecast New Zealand Dollar / Japanese Yen technical chart
Symbol NZDJPY

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateSeptember 11, 2022 - 10:20
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 84.249, resumption of uptrend is expected.
  • We make sure when the resistance at 87.330 breaks.
  • If the support at 84.249 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
  • A trough is formed in daily chart at 84.225 on 08/29/2022, so more gains maximum to Major Resistance (87.330) 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 65.

Supports and Resistances:

  1. 84.249
  2. 82.154
  3. 79.434
  4. 78.080
  5. 76.610
  6. 75.282
Click on the level to view price action history.