the try has closed beneath the level of 68. 20, thats mean the down trend is anticipated and therefore the try would possibly head to firmly 67. 50 then 67. 20, but the try designed a hourly correction
Printable View
the try has closed beneath the level of 68. 20, thats mean the down trend is anticipated and therefore the try would possibly head to firmly 67. 50 then 67. 20, but the try designed a hourly correction
NZD/JPY
The trading range for today is among: the key support at200 sma 4h bar and the key resistance at65.79.
Hence, yesterday expectations remain valid as long as stability is above 200 sma 4h bar.
time frame - H1
here we can see two signal form stoch indicator and price chart.
stoch indicator is giving us signal for long but in the prcie chart we can see that at 70.80 is resistance by drawing trend line. we can short this as per chart analysis with 70.90 stop loss and take profit is lowerside support 70.30
Nzd-jpy
this pair fail for the 3 times to break the resistance area .......not much to do for it even mtpredictor give me a buy setup base on daily chart but not yet trigger.....and if today candle close as doji it would be a pause signal of the up trend for a while.....
Price on sideways but with still more to probably bulls as long as the price can move above that 23.6 fib (above price 70.60). Search for buy with SL bellow that 23.6 fib (70.60) and TP not more that strong resistance 71.31 = better choice (of course)
NZD-JPY look to probably sideways. I see the price on still move slow near the 38.2 fibo 70.18. Better idea if no take any new OP for now.
In h4 time frame we can see that price is moving along the lower trend line and not able to cross out this trend line we can hold our short possition and can be trade till 69.00 level.
todays pivot point are-
Resistance 3- 71.36
Resistance 2- 71.12
Resistance 1- 70.73
Pivot point- 70.49
Support 1- 70.10
Support 2- 69.86
Support 3- 69.47
Pre-Signal Analysis: Sideways
Recommendation: prone area, alternating wrote on 38.2 fib 70.18 - skipping friends.
As long as price stays below ema 50, the trend will remain bearish trend
During the last MACD below the level 0, the trend will remain bearish trend
Trend: Bearish
Target DI Support 67.22