NZD/JPY inches higher on Friday, touching 88.90 and holding recent upside momentum. MACD bars remain green but have flattened, signaling cautious optimism amid lingering downside risks. RSI moves up to 51, entering positive territory as buyers tentatively return. NZD/JPY added a modest 0.20% on Friday, climbing to 88.90 and building on the gains seen since…
If you’re trading Japanese Yen (JPY) pairs, understanding key support and resistance levels is critical. The IQ FX Gann Levels v1.3 indicator offers traders a powerful tool to identify these levels and predict market moves with precision. In this short blog post, we’ll take a closer look at how the Gann Levels Indicator has accurately…
The NZD/JPY pair fell sharply on Friday and reaching a low of 87.85. The RSI has plunged to 36, indicating that the bears are in full control and the negative momentum is likely to persist. Bears have the 87.00 threshold on their sight. The NZD/JPY pair has maintained its bearish stance, extending the selloff that…
NZD/JPY mildly rose to 89.30, testing the 20-day SMA. The RSI is near 50 while the MACD shows flat green bars, signaling that the momentum is sideways. A jump above the 20-day SMA would confirm a bullish outlook. The NZD/JPY pair gained ground in Friday’s session, climbing to 89.30. The uptick follows side-ways movements during…
Kiwi’s grip loosens against the Yen on Friday, moving towards the 20-day SMA. The cross cruises through a consolidation phase while the stance of the bear is strengthening. Defense around the 20-day SMA starts showing signs of weakness, hinting at potential declines. On Friday, the NZD/JPY pair faced selling pressure, with the cross declining towards…