Note

NZD/JPY PRICE ANALYSIS: BEARISH REVERSAL CUES EMERGE, BUYERS GIVE UP GAINS

ia7145
· Views 30


  • The daily chart signifies a bullish market; yet, the hourly chart shows hints of a short-term bearish reversal.
  • The NZD significantly weakened during the American session and cleared daily gains.
  • The hourly RSI dived from the overbought area near oversold terrain.

The NZD/JPY cleared all of its daily gains and fell by nearly 0.75% during the American session. Bearish clues emerge on the hourly chart, but the daily technical outlook remains somewhat bullish.


Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.

Content related