TradingView
ForecastCity
Dec 30, 2020 7:17 PM

💡 Don't miss the great buy opportunity in NZDJPY Long

FX:NZDJPY60
New Zealand Dollar/Japanese YenFXCM

Description

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Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (74.23). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.

Take Profits:
TP1= @ 74.47
TP2= @ 74.85
TP3= @ 75.25
TP4= @ 75.70
TP5= @ 76.20

SL= Break below S2

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsNZDjpyNZDJPYnewzealanddollarjapaneseyen
Comments
Kristalyn
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2020is finally over. It's the end of an era. And I wish you all the bests. Tank you so much ForecastCity.
ForecastCity
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@Kristalyn, You're welcome.
Josef_anderson
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The first target is reached! thanks!
ForecastCity
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@Josef_anderson, It's good to hear. We appreciate your comment. 💎🙏💎
Pro_Trader_007
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Going on it, thanks!
ForecastCity
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@Pro_Trader_007, you're welcome
DenizKilicDeniz
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Lovely analysis,looks quite accurate. Nice charting btw.
ForecastCity
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@DenizKilicDeniz, Thank you for your comment. We appreciate it
Lizabet
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Interesting 👍 👍 👍
ForecastCity
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@Lizabet, Thanks. We hope you enjoy it.
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