Hello traders, welcome to the first long video analysis for the NZDJPY pair on this channel.
Let's dive into the analysis for NZDJPY.
Currently, we are looking at the 1-day timeframe.
As we can see, the pair is in an uptrend, forming higher highs and higher lows.
In summary, we can confidently label this as a bullish trend on the daily timeframe.
After the breakout from the rectangle on the hourly charts the pair is now testing the support. Stops will be below the range or in this case in the middle of the range. Instead of using the target here we can just use the moving average to ride the trend for as long as possible on the hourly time frame. One can also use the ichimoku for the same
Nice re-test of the support level post the ADP jobs data which was good for the dollar. But this is a solid support and technically a good entry point. Stop below the range lows and use the Ichimoku to ride the trend for a bit.
USDCHF is a downtrend in the weekly time frame and in the h4 time frame weekly pullback gets over and the price is forming distribution to trap the weak-handed traders in this distribution stage 90% of traders are losing price may go short because of the price at the weekly resistant zone and price which is formed distribution zone. it is education purpose only trade safe.
The current market price of EURGBP is sitting at support area.
Considering the previous Daily price action, the price is forming lower highs into the support area which means buyers are not strong enough and sellers are rejecting any jump in price.
The current price actions is forming a DESCENDING TRIANGLE, which is a bearish pattern. But it will be activated only...
EURUSD is in bullish trend, but the box is providing the resistance which seems to be temporary whenever the support is taken above the box, we can enter as the bull. Yellow line is another resistance, and we can book partial profits there and at green we can take it as TP.
U.S. will release CPI and PPI data on 14 and 15 March at 12:30 p.m. UTC
The Consumer Price Index (CPI) is a monthly report measuring differences in prices of goods and services consumers buy. Producer Price Index (PPI) shows changes in the price of goods and services producers purchase. Both reports are popular inflation indicators, and inflation is the most...
Its having a lot of selling pressure and due to some dumb reasons bulls are not stepping in. It was very much hilarious to see how it kept on bouncing from 1.07 level. Anyways please keep in mind the following levels for any trade set up today.
DH - 1.07045
PIVOT - 1.0686
R1-1.0703, S1- 1.0668
R2-1.0721, S2- 1.0652
Hello guys i had find this setup which is made double top in 4h and resistance at upper trendline we had a good opportunity to short because cad is bullish and its high chance is to go short and plzz do your own analysis before taking any position thank you
GBPINR has consolidated a bit after the fall. A pullback was seen and the support perfectly became the new resistance.
Now a fresh short position below the trend line for the targets as mentioned along with stoploss.