As we can see, the price is facing the resistance level at 88.28, that's why we can get in short position with take profit at 84.02.
http://i.imgur.com/4T6XZqh.png
Printable View
As we can see, the price is facing the resistance level at 88.28, that's why we can get in short position with take profit at 84.02.
http://i.imgur.com/4T6XZqh.png
analysis for today 2 / 11 / 2015
NZDJPY
Resistance : R1 89.06 R2 89.31 R3 89.51 R4 89.81
Support : S1 88.15 S2 87.90 S3 87.70 S4 87.40
Open : 88.35
High : 88.90
Low : 88.31
Range : .59 Pips
Running Price : 88.76
Strategy : BUY at the level 88.76 stop loss at the level 88.15 target take profit at the level 89.51 or at the level 89.81
Daily Forecast
Pair: NZDJPY
Major Trend: Bullish
Time Frame: H1
Reason: There is a weak resistance at 88.77. Currently the market is still sideways, but has formed a bullish pattern that menungkinakan market touched 89.14
Recommendation: Buy now
On Tuesday, NZDJPY broke above its one-month old descending trend-line and rallied towards near three week high during the early hours of Wednesday. However, oversold RSI level, coupled with the expected rise in safe haven demand of JPY, signals the pair's pullback towards 38.2% Fibonacci Retracement of its December 2014 – February 2015 decline, also including the resistance turned support trend line, near 87.80. Further, a break below 87.80 could further weaken the pair towards testing 86.60 and the 86.00 support mark. On the break of 86, the pair is likely to test 85.50 and the 84.60 support levels before challenging the 84.04 support. On the upside, 50% Fibo. near the pair psychological level of 89.00 becomes immediate resistance for the pair, breaking which 89.70 and 90.20 are expected consecutive resistances. Moreover, a break of 90.20 can fuel the pair's rally towards 91.20 and the crucial 91.70 resistance levels.
analysis for today 2 / 12 / 2015
NZDJPY
Resistance : R1 88.80 R2 89.05 R3 89.25 R4 89.55
Support : S1 88.06 S2 87.81 S3 87.61 S4 87.31
Open : 88.69
High : 88.81
Low : 88.05
Range : .76 Pips
Running Price : 88.19
Strategy : SELL at the level 88.19 stop loss at the level 88.80 target take profit at the level 87.61 or at the level 87.31
analysis for today 2 / 13 / 2015
NZDJPY
Resistance : R1 88.88 R2 89.13 R3 89.33 R4 89.63
Support : S1 87.71 S2 87.46 S3 87.26 S4 86.96
Open : 88.38
High : 88.46
Low : 88.13
Range : .33 Pips
Running Price : 88.34
Strategy : SELL at the level 88.34 stop loss at the level 88.88 target take profit at the level 87.26 or at the level 86.96
analysis for today 2 / 16 / 2015
NZDJPY
Resistance : R1 89.33 R2 89.58 R3 89.78 R4 90.08
Support : S1 88.32 S2 88.07 S3 87.87 S4 87.57
Open : 88.65
High : 89.07
Low : 88.58
Range : .49 Pips
Running Price : 88.87
Strategy : BUY at the level 88.87 stop loss at the level 88.32 target take profit at the level 89.78 or at the level 90.08
Spoiler:
[IMG]vvcap.net/db/iNJ6D96UYdU4IcNN0gpJ.png[/IMG]
Daily Forecast
Pair: NZDJPY
Major Trend: Bullish
Time Frame: H1
Reason: It is predicted that the market is still going towards 88.73 before continuing upward movement. If 88.73 is broken, then the next target is 88.09
Recommendation: Sell with a target of 88.75
I think that we can get in long position after breaking the resistance level at 88.93 with take profit at 89.75.
http://i.imgur.com/qAAelTC.png
Daily Forecast
Pair: NZDJPY
Major Trend: Bullish
Time Frame: H1
Reason: Market still be heading to the top, after successful correction at 88.96. The next target is a retest at 89.30. RSI has broken through the line 50.
Recommendation: Buy now