Chart the Market (18/09/2026)
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Chart the Market (18/09/2026)

Published: 18 September 2026,05:40

Published: 18 September 2026,05:40

Chart The Market

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Tesla,  H4:                                                               

Tesla has been trading within an uptrend and has successfully filled the imbalance created during its previous sell-off. The recovery indicates that buying momentum has strengthened, with the stock now approaching a critical resistance area that could determine its next directional move.

The key level to watch is $380.00, which represents the 61.8% Fibonacci Retracement level of the previous downtrend and also coincides with the upper boundary of the former imbalance zone. This confluence makes $380.00 an important technical barrier, with a sustained breakout above this level potentially providing a strong bullish signal.

Should Tesla break decisively above $380.00, it would signal that buyers are gaining further control and could strengthen the current uptrend. Conversely, failure to overcome this resistance could trigger some profit-taking or consolidation as the stock continues to test this key technical area.

Resistance Levels:380.00, 414.05

Support Levels:343.10, 314.00

NZDJPY, H4

The NZD/JPY pair has been consolidating near its recent low following a sharp decline, but the latest price action is now showing early signs of a potential technical rebound. The pair has started to break above the upper boundary of its current range-bound structure, suggesting that buying momentum is gradually returning.

Meanwhile, the MACD is approaching a break above the zero line, while the RSI has already moved above the mid-level. Both indicators are pointing toward improving bullish momentum and providing further support for the potential recovery, in line with the current bullish bias for the pair.

Should NZD/JPY sustain its breakout above the current range, it could further strengthen the bullish signal and allow the pair to extend its technical rebound. Conversely, a failure to hold above the range breakout area could weaken the recovery setup and leave the pair vulnerable to renewed consolidation.

Resistance Levels: 90.80, 92.40

Support Levels:88.88, 87.25

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