- There are some very important EVENT this week for NZDJPY. The most important of these is the Central Bank Meeting of Japan. Also the NZD TRADE BALANCE will be a very important one. Although not so much VOLATILITY NEWS for NZDJPY this week, you can FOLLOW the NZDJPY MARKET SENTIMENT in the coming days.
- NZD FEATURE is currently DOWN. The main reason for...
Price had respected the resistance level last week and dropped hard after the NZD interest rate was announced. Since then price has pulled back to the 61.8% Fibonacci retracement level and printed a sell signal (long legged doji)
I have subsequently sold at market price @ 75.776 with
# stop loss higher up where I deem this setup invalidated @ 76.041 and
# take...
The resistance level has been holding well and the support trend line broke on Friday indicating possible change in the trend.
I will be looking to sell IF the following conditions are met:
I have marked with the yellow bar the 50 and 61.8 fibo levels based on the last bearish move. I want to see if this level will be tested and IF a sell signal prints, to...
