According to day chart analysis, NZDJPY is currently trading in a box as shown in chart for 9 days now, it is finding a way for breakout at 80.165. If there will be a breakout and a retest then the trend will pass through different points as shown. Typically will be a long Bearish move. Keep your eyes on this pair. This analysis is based on naked trading.
Hi guys, Here some price analysis: -Price on the upward trend of channel -A nice consolidation has been formed followed by a 2bottom -Just wait the the breakout of the consolidation -As usual, a good 2:1 risk-reward. Hope you liked my short but simple and effective analysis. Feel free to leave a comment or a like :) Cheers, Sebastiano
A big shadow has been produced providing criteria for bearish move. A formed candlestick is at the the resistance and engulfed both wick and body of the previous candlestick. Also presence of of enough room to the left support this idea that the chart never turn at that point for approximately 3 months.
Looking to trade the breakout up to the key resistance zone. With a weakening of the USD last week, looking for the pair to go back up after a deep pullback. Will go long if the downtrend line is broken. 200 EMA was respected last week so long bias. Could possible trade this short if the trend line is respected.