. NZDJPY Technical Analysis, Trade Signals and Price Action - CSFX

NZDJPY Technical Analysis, Trade Signals and Price Action

NZDJPY Technical Analysis, Trade Signals and Price Action

21 Jun 2022

NZDJPY Technical Analysis: Weekly Chart

NZDJPY Technical Analysis

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

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

Its immediate support is 84.7525 & the resistance level is at 86.8253.

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

NZDJPY Technical Analysis: Daily Chart

NZDJPY Technical Analysis

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

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

Its immediate support is 85.7888 & the resistance level is at 86.5576.

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 86.2000, TAKE PROFIT AT 86.5576 AND STOP LOSS AT 85.7888