FxWirePro: No traces of bears for NZD/JPY, digital calls to leverage as rallies to extend upto 82.786, Uptrend to prolong as technical oscillators pop up with bullish signals

The pair with bullish sentiments heading towards a stiff resistance at 82.786 levels, any breach above 82.786 would take the bull trend to hit 83.780 (refer both daily and weekly plotting), upswings have gone consistently above DMAs & now at 11-1/2 month’s highs.

NZDJPY price, volumes, leading and lagging indicators moving in tandem with bull swings.

You could very well observe from last 4 weeks, the appearances of bullish candles with big real bodies and spiking well above SMAs (weekly), notably, 7DMA crosses over 21DMA which is again a bullish crossover.

While both leading & lagging indicator to substantiate this bullish stance.

RSI converges to the ongoing upswings as this leading oscillator trending higher even above 70 levels.

Buying momentum in short term rallies and medium term consolidation phase is also signaled by the stochastic oscillator.

MACD on both weekly and monthly signals bullish trend to prolong ahead.

The current upswings have taken above EMAs as well on monthly plotting; sustenance above would take the rallies to 83.780 levels.

Most importantly, the massive volumes on consolidation phase are in conformity to the uptrend that we are seeing from last two-three months.

Hence, we see no room for bears, for now, instead, recommend buying rallies, and decide to initiate longs in one touch binary call options in order to avail leveraging effects in profitability when your trade prediction is true. Thus, buy these leveraging products for targets up to 82.786 levels.