Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
23 Jan 2025

NZD/JPY Price Analysis: Pair edges lower amid fading bullish momentum

  • NZD/JPY slips to 88.45 on Thursday, marking a continuation of its recent decline.
  • Momentum weakens as the pair fails to extend gains from earlier in the week.
  • Market sentiment remains cautious, with the pair trading near short-term support levels.

The NZD/JPY pair edged lower on Thursday, closing at 88.45, as the recent decline extended into another session. The pair’s inability to sustain its earlier upward trajectory suggests waning bullish momentum, keeping traders cautious about further upside potential. While the broader trend remains mildly positive, the latest moves point to a more balanced market dynamic.

Technical indicators offer a mixed picture. The Relative Strength Index (RSI) stands at 53, remaining in positive territory but showing a mild decline, indicating reduced buying interest. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram remains flat with green bars, signaling a lack of strong directional momentum. Together, these readings suggest that the pair may struggle to regain its footing without a significant catalyst.

For now, support is seen around the 88.20 level around the 20-day Simple Moving Average (SMA), with a break below this potentially opening the door to 88.00 or lower. On the upside, resistance at 88.75 will be key, and a sustained push above this level could signal renewed bullish interest, targeting the 89.00 psychological mark as the next hurdle.

NZD/JPY daily chart

Jan 23, 2025

Silver Price Forecast: XAG/USD dips amid high US yields

Silver price extended its losses for the second consecutive day amid high US Treasury bond yields and traders booking profits ahead of next week’s Federal Reserve’s monetary policy decision.
Read more Previous
Jan 23, 2025

NZD/USD Price Analysis: Pair stabilizes near recent highs, bulls present

The NZD/USD pair settled at 0.5670, and the price action suggest a period of consolidation near recent highs but bullish momentum remains intact Technical indicators reinforce the constructive outlook.
Read more Next