chart<\/a> as buyers seem to have already given it all for Monday\u2019s session. Indicators on the daily chart remain positive.<\/p>\nThe daily Relative Strength Index (RSI) for the NZD\/JPY pair has moved from negative to positive territory in the last sessions\u00a0which indicates a growing strength of the buyers. Simultaneously, the MACD histogram is displaying rising green bars, thus confirming positive momentum.<\/p>\n
NZD\/JPY Daily Chart<\/h2>\n<\/p>\n
Zooming to the hourly chart, a similar trend is observed in the RSI, with the latest reading in positive territory, which indicates a steady\u00a0buying pressure. However, the MACD histogram tells a slightly different story, showcasing a falling trend despite the bars remaining green. This could indicate that investors may be losing steam, and may consolidate gains ahead of the Asian session.<\/p>\n
NZD\/JPY Hourly Chart<\/h2>\n
![\"\"](\"https:\/\/editorial.fxstreet.com\/miscelaneous\/_NZD_JPY_2024-04-08_16-00-07-638482003208677212.png\")
<\/p>\n
Regarding the overall trend, the NZD\/JPY exhibits increased bullish activity, particularly signified by its position above the Simple Moving Average (SMA). Being above the 20-day SMA is indicative of an improved short-term trend. On a medium-term outlook, the pair’s position above the 100-day SMA signals strong bullish momentum, and above the 200-day SMA implies a notable bullish bias in the longer-term trend. In conclusion, any corrective downward movement which keeps the cross above this levels won\u2019t present a threat to the overall bullish trend.<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The daily chart showcases increased buying momentum for NZD\/JPY, with RSI signaling a shift from bearish to bullish territory. Indicators on the hourly chart also reveal persistent buying pressure, though MACD hints at a potential slowing down of this momentum. The bulls need to maintain the pair’s standing above the SMAs, or else it could […]<\/p>\n","protected":false},"author":2,"featured_media":54117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,298,257,255,250,5192,252,247,253,249,308,256,254],"class_list":["post-279808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-crosses","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-nzdjpy","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/279808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=279808"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/279808\/revisions"}],"predecessor-version":[{"id":279813,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/279808\/revisions\/279813"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/54117"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=279808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=279808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=279808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}