Nas_Taifour

Nas_Taifour

We can see that the USDJPY has been going in a solid upward trend and the price has broke out an upward symmetrical triangle and re-tested it. Hence we are aiming for a BUY towards the 145.120 levels. Trade safely

Nas_Taifour

We can see that the price is at a very strong resistance area, the daily candle has opened below the resistance line, and we are waiting to see what will happen in the upcoming day aiming toward a bearish move if the price was stable below the Horizontal strong resistance line. The alternative scenario is if the price was stable above the resistance line 1.3227 we...

Nas_Taifour

we can see that the pair has reached an overall strong resistance zone if you zoomed in on the daily time frame. And we can see the same on the 1-hour time frame as well. The price is also showing a divergence of the price which may suggest a weakness in the bullish movement and we will be looking for a sell below the highlighted square area. BE CAREFUL of the...

Nas_Taifour

Hello traders, we can see that the NZDJPY failed to follow the downward divergence last week and we can see that there is a second diversion on the 1-hour timeframe which may indicate weakness in the bullish movement or at least a probable re-test of the previous resistance, and get support from there. Looking at the 4 hours timeframe we can see that the price...

Nas_Taifour

We can see that the pair reached a very high level and touched a very strong resistance line. If you zoomed in on the daily chart you will see it's expected to pull back from that resistance zone. Last week we noticed that the divergence hasn't led to a downward trend and we can see another divergence as seen on the chart so we are looking for short-term sell...

Nas_Taifour

We can see that there was an overall upward trend after last week's tough news which was negative for the USD. This week we are looking forward to buying after the highlighted area to re-test the strong resistance lines. The alternative scenario that we might see by Monday is the price moving bearish towards re-testing the upwards trend as you can see in the...

Nas_Taifour

We can see that the Price broke through the Triangle and we will be waiting for a retest of that downward trend and potential SELL if it failed to break through the 0.5 Fib Line. Trade safely , have a great weekend

Nas_Taifour

$FX: NZDUSD Price has broken the Downward trend/channel. On Fib Lines we see the price stable above the Golden levels of 0.618 waiting to retrace back to BUY at the circle areas as shown. Quick trade after the June 16 Major News on the USD (Prelim UoM Consumer Sentiment). KEEP AN EYE on the news today and Enter the trades accordingly. Trade safely :)