💡Chart analysis of the currency pair (NZD/JPY) New Zealand Dollar vs. Japanese Yen (daily timeframe). General Trend: The pair is in a downtrend within a descending price channel. Broken Structure: A significant support area was previously broken, and the price is now retesting it as resistance.
If weak buying signals appear (such as reversal candles or divergence), the downward trend is expected to continue. MACD Indicator: We note that the MACD showed bullish buying momentum after the sharp decline, but the momentum has begun to weaken.
⛔️Not investment advice for educational purposes only.
If weak buying signals appear (such as reversal candles or divergence), the downward trend is expected to continue. MACD Indicator: We note that the MACD showed bullish buying momentum after the sharp decline, but the momentum has begun to weaken.
⛔️Not investment advice for educational purposes only.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.