Looking at 82.5 to hold as a resistance. LL seen in LTF possible 100pips gain from this trade. Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in...
Sell off seen across markets as the tensions escalate after North Korea's latest ballistic missile test. Safe haven assets like the Yen in demand, weighing on NZD/JPY. The pair is extending downside for 6th successive week. Technical studies on weekly charts are heavily bearish. Stochs and RSI are sharply lower. We have seen a decisive break below major...
Interesting point here for long-term trading. There is a wide range since 2015 and price seems to be rejecting again 82.82 area. Furthermore, a bearish reversal has come up in RSI. Good opportunity if this pattern is confirmed below 82.82
I am still pretty bearish on NJ 2 nice resistance overhead that could provide with a good LRE Trade safe. Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the...
82 level is a support zone. Now that it has broken, we would expect it to dip further down. The next support level would be at 81.18 or 80 Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before...
Target is the weekly support at the 78.00 level
Kiwi under pressure is extending downside after brief consolidation post RBNZ. Upside in the pair is seen capped by 200-DMA at 80.12 which is stiff resistance. Upside only on break above. The pair has broken below 100-DMA support at 79.66. Momentum studies bearish, RSI and Stochs strongly bearish, more slumps on cards. Immediate support seen at 78.81 (61.8% Fib...
Kiwi tumbles across the board on RBNZ jawboning & ongoing North Korea tensions. RBNZ this morning kept the OCR on hold at 1.75%, as was widely expected and kept OCR forecast unchanged. Markets initially perceived the statement was less dovish than expected, which caused the initial spike in the Kiwi. In the statement that followed, the RBNZ made it clear that it...
NZD/JPY rejected at highs at 86.12, slips lower to currently trade at 81.86. Momentum studies are bearish. RSI has slipped below 50 levels and Stochs are also biased lower. Bearish divergence observed on RSI and Stochs on daily charts adds scope for further downside. The pair has closed below weekly 200-SMA at 82.28 on the previous week. We see scope for test of...
Two Possible trades, waiting for first short confirmation
Butterfly pattern almost complete. Sell on completion of D leg at 83.73. Yearly high (83.805) resistance level just above.
NZD/JPY extending downside for 3rd consecutive session, slips below 83 handle. Technical indicators have turned bearish, RSI and Stochs biased lower. The pair has broken below 5-DMA which caps upside at 83.20. We have observed bearish divergence on RSI and Stochs on daily charts. The pair currently finds strong support at 20-DMA at 82.72, we see further...
NZDJPY MY THOUGHTS NEEDS TO BREAK MA TO START DECENDING
As we see NZDJPY made its Tops till February first time and rejected by 3rd time from its point 83.000-83.300 band. Also NZD is getting weaker and Yen gets power from USD triggers parrity to go down. First it will test its fibbo %38.2 level 82.10 band in mid term. After its retracement our aim might befurther down to make it finish up its Mountain formation. We...
Short setup on this pattern