Trading suggestion: . There is a possibility of temporary retracement to suggested support line (64.82). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
technical analysis with triangular pattern enter as soon as trendline breakout
Selling at market price and pullbacks in the 2 point of the zone
The price has already entered into the support zone and it is possible that it will enter into the up trend If it breaks the resistance level of the wedge and possibly it can again touch the neck line which will be its resistance level and target for the up trend.
Hello folks, its thursday and its time to make some money before weekend. So here is an analysis on a clear buy indicator. Pair= NZDJPY As its very clear that it the price is going up after hitting the support line. Also there is a double bottom chat formation and its on the verge of completing the pattern. One can go long with tp of 71.000 and SL of...
Our pivot point is at 69.75. Our preference: the downside prevails as long as 69.75 is resistance. Alternative scenario: the upside breakout of 69.75, would call for 70.04 and 70.21. Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and...
Our pivot point stands at 69.33. Our preference: rebound towards 70.15. Alternative scenario: below 69.33, expect 69.03 and 68.86. Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 69.72 and 70.01).
Our pivot point stands at 69.95. Our preference: rebound towards 70.71. Alternative scenario: the downside breakout of 69.95 would call for 69.68 and 69.52. Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 70.25 and 70.40).