{"id":12525,"date":"2022-09-22T09:43:54","date_gmt":"2022-09-22T09:43:54","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12525"},"modified":"2023-05-15T09:45:48","modified_gmt":"2023-05-15T09:45:48","slug":"nzdjpy-rebound-on-the-1d-ma200-or-break-to-pre-march-levels","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/09\/22\/nzdjpy-rebound-on-the-1d-ma200-or-break-to-pre-march-levels\/","title":{"rendered":"NZDJPY Rebound on the 1D MA200 or break to pre-March levels?"},"content":{"rendered":"

 <\/p>\n

The NZDJPY pair has had a massive rejection today on the 1D MA50 (blue trend-line) as the forex market is attempting to digest yesterday’s Fed Rate Hike by 0.75 bp for the 3rd straight meeting. The sell-off almost hit and is so far holding the 1D MA200 (orange trend-line), which has been holding since March 02. A break below can test the 1D MA300 (red trend-line) or under conditions, the Higher Lows Zone that started back in July 20 2021.<\/p>\n

Before we consider those levels however, as long as the 82.160 Support holds, the long-term action remains to buy the dips, with the obvious target being the 86.830 – 87.910 Resistance Zone. Not only that, but the 1D RSI is close to the oversold 30.000 level which since November 2021 it caused medium to long-term rebounds. The price action since June 15 has strong similarities with that of March – July 2021. As you see then, when the Support broke, the price gradually reached the 1.236 Fibonacci extension, which on the current sequence is 80.800. A break below that, can test the July 2021 Higher Lows zone we discussed about above.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/NZDJPY\/7s8jcmvj-NZDJPY-Rebound-on-the-1D-MA200-or-break-to-pre-March-levels<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  The NZDJPY pair has had a massive rejection today on the 1D MA50 (blue trend-line) as the forex market is attempting to digest yesterday’s Fed Rate Hike by 0.75 bp for the 3rd straight meeting. The sell-off almost hit and is so far holding the 1D MA200 (orange trend-line), which has been holding since<\/p>\n","protected":false},"author":611,"featured_media":12526,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-12525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12525"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12525\/revisions"}],"predecessor-version":[{"id":12528,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12525\/revisions\/12528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12526"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}