Rising triangle pattern on NZD/JPY charts

FX:NZDJPY   New Zealand Dollar / Japanese Yen
163 0 4
Rising triangle pattern found on NZD/JPY charts, with strong resistance at 83.20 trendline .

Price action is above the cloud and Tenkan and Kijun show bullish crossover above the cloud which shows upside potential, RSI points north while Stochs are in nuetral territory.

The kiwi making headway after slightly narrower-than-expected November trade deficit lends support. Broadly stable commodity prices and improving risk appetite also helping.

NZD/JPY is currently trading at 82.51 with immediate support at 82.06 (5-DMA) and resistance at 82.79 (Dec 22 high).

Watchout for breaks above 83.20, pair could then target 84.76 (61.8 % Fib of 92.40-72.40 fall)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out