NZDJPY's Stochastic Oscillator is staying in overbought zone for 1 day
Expect a price pull-back in the near future.
Technical Analysis (Indicators)
Bearish Trend Analysis
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 06, 2025. You may want to consider a long position or call options on NZDJPY as a result. In of 130 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for NZDJPY just turned positive on January 06, 2025. Looking at past instances where NZDJPY's MACD turned positive, the stock continued to rise in of 99 cases over the following month. The odds of a continued upward trend are .
NZDJPY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
NZDJPY and Forex
Correlation & Price change
A.I.dvisor tells us that NZDJPY and JPYNZD have been negatively correlated (-100% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that NZDJPY and JPYNZD's prices could move in opposite directions.
| Ticker / NAME | Correlation To NZDJPY | 1D Price Change % | ||
|---|---|---|---|---|
| NZDJPY | 100% | N/A | ||
| JPYNZD - NZDJPY | -100% Negatively correlated | N/A |