Subscribethis pair on the 4 hr chart showed bearish wave with 3 strong candles formed lately. and now trading under ema50 line. sould test the support level at 62.25 and if it could close under it might see more falling to south levels
Thread: Nzd/Jpy
this pair on the 4 hr chart showed bearish wave with 3 strong candles formed lately. and now trading under ema50 line. sould test the support level at 62.25 and if it could close under it might see more falling to south levels
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Abubakar 148 (2020-07-04), Bindas36 (2020-03-12), zainm6050 (2019-05-27)
we can see that the pair has closed it's daily candle above 64.00 . so , that's means that up trend is expected and the pair might head to 63.50 and then 63.30 ,but also the hourly correction is expected before continue in the up trend
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0307148 (2020-04-13), Abubakar 148 (2020-06-06), Bindas36 (2020-03-12), zainm6050 (2019-05-27)
the Kiwi retraced much of its recent gains due to a global shift to risk-aversion amid renewed concerns on Europe as well as poor growth indicators from the United States
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as we can see on the chart , the pair is trading under the level of 64.00 , any way if the pair succeeded in breaking 64.00 , it will continue in it's up movements heading to 64.30 and then 64.60
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If a M15 close above 64 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 63.50 sell only and do not buy. If price closes back above it again do nothing
The range 64 and 63.50 is neutral area, any trade done in between is personal decision and not part of this analysis
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we can see that the pair has closed it's daily candle above 63.00 . so , that's means that up trend is expected and the pair might head to 63.20 and then 63.50 ,but also the hourly correction is expected before continue in the up trend
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in the previous week it been more down falling to this pair as we can see on the weekly chart 3 big bearish candles strong sign to continue the down trend in the near futur. i think it will go down to test the support level at 61.35 if it can close under it it is a sign to more downside then
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We're at the bottom of a lower trend line but there may be potential room for a move up to test the upper trend line.
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The NZD/JPY fell sharply in the last few days, falling about 750 pips from 68.85. In the process, it broke through a few support levels – the 100 SMA, 64.11 and 62.53
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If a M15 close above 65 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 64 sell only and do not buy. If price closes back above it again do nothing
The range 65 and 64 is neutral area, any trade done in between is personal decision and not part of this analysis
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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