July 07, 2025 a 04:28 am
NZDJPY: Trend and Support & Resistance Analysis
The currency pair NZDJPY has shown significant fluctuations over the past months. A careful examination of recent trends has revealed pivotal shifts that could inform future trading strategies. Understanding the support and resistance zones will be crucial for anticipating potential breakout or reversal zones. Traders should be mindful of the current price's proximity to these zones.
Trend Analysis
Based on the daily closing prices, we calculated the EMA20 and EMA50 to determine the prevailing market trend. The recent data indicates the following trend interpretations:
| Date | Closing Price | Trend |
|---|---|---|
| 2025-07-07 | 87.142 | ▼ Downtrend |
| 2025-07-06 | 87.189 | ▼ Downtrend |
| 2025-07-04 | 87.509 | ▼ Downtrend |
| 2025-07-03 | 87.938 | ▼ Downtrend |
| 2025-07-02 | 87.401 | ▼ Downtrend |
| 2025-07-01 | 87.367 | ▼ Downtrend |
| 2025-06-30 | 87.606 | ▼ Downtrend |
Given that the EMA20 is consistently below the EMA50, we're witnessing a persisting downtrend. Technical indicators suggest bearish momentum could continue unless a significant catalyst alters the course.
Support and Resistance
The analysis identifies the following key support and resistance zones based on historical price data:
| Zone | From | To | Direction |
|---|---|---|---|
| Support 1 | 85.50 | 86.00 | ▲ Up |
| Support 2 | 84.00 | 85.00 | ▲ Up |
| Resistance 1 | 88.00 | 88.50 | ▼ Down |
| Resistance 2 | 89.50 | 90.00 | ▼ Down |
Currently, the price is hovering near the lower support zone. If the price breaks this zone, further downside potential may emerge.
Conclusion
In summary, the NZDJPY currency pair is presently exhibiting a downtrend discernible through EMA indicators, reflecting weakening momentum. The currency is approaching key support levels, which could act as potential turning points. Should the price penetrate these supports, the bearish sentiment could intensify. Conversely, if the pair finds a foothold at the support zones, a rebound towards resistance is possible. Investors are advised to monitor the price action closely, particularly around identified zones, to capitalize on either a reversal or continuation of the trend. The current market conditions suggest caution as the likelihood of sustained downward pressure remains high.