NZDJPY has broken our major ascending channel support triggering a potential bearish exit. Our major resistance level is at 80.40 (Fibonacci retracement, pullback resistance) and a strong reversal could occur from here to push price down towards 80.02 (swing low support, Fibonacci retracement) before 79.50 (Fibonacci retracement, Fibonacci extension, horizontal...
NZDJPY has continued to bounce up perfectly as expected as it remains in our ascending channel. Major support remains at 80.57 (Fibonacci retracement, bullish channel support) with the next major level of resistance at 81.26 (ABC Fibonacci extension, horizontal swing high resistance).
RSI (34) sees multiple bullish exits signaling that bullish momentum is still...
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
A very possible move to keep an eye on.
This is a long term position and I would suggest placing your order after more confirmation is here.
If this level does not hold, then the long term bullish is canceled.
And as always risk manage properly and stay consistent!
Happy Trading!
NZDJPY
Many of the Yen pairs have found themselves at support with daily stochastics in oversold territory. We are expecting Yen weakness to kick in over the next two to three weeks, so maybe tomorrows catalyst for the Kiwi will be the quarterly Retail Sales figures due out at 23:45GMT on Sunday.
A good print here could see the Kiwi further strengthening off...
*please take note that a few hours from now there will be NZD news. This news has potential to cause a breakout. So be careful with taking a position before the news.
NZDJPY on the daily time frame shows on interesting setup that can either way. A break of the resistance will cause a nice move further up. However if it bounced back and breaks the lower range a...
Buying to test the system, lets see how it turns out.
going to post multiple of these to get a approximate accuracy on the system.
to try the system pm me.
