. NZDJPY Technical Analysis, Trade Signals and Ideas - Capital Street Fx

NZDJPY Technical Analysis, Trade Signals and Ideas

31 May 2022

NZDJPY Technical Analysis: Weekly Chart

In the weekly charts, NZDJPY is trading in an up channel. NZDJPY is currently trading above all SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 82.3887 & the resistance level is at 84.8264.

NZDJPY will trade in the up channel until there is trend reversal.

NZDJPY Technical Analysis: Daily Chart

In the daily charts, NZDJPY is trading in an up channel. NZDJPY is currently trading below 50 days SMA & above 20 and 100 days SMA.

RSI is in the overbought zone which indicates mild bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 82.8036 & the resistance level is at 84.1828.

NZDJPY will trade in the up channel until there is trend reversal. 

How to Trade NZDJPY this Week:

NZDJPY will follow the uptrend until their trend reversal. So, remain bullish on NZDJPY.

TRADE SUGGESTION- BUY AT 83.4070, TAKE PROFIT AT 84.1828 AND STOP LOSS AT 82.8036