SubscribeNZDJPY is in bullish momentum as JPY to weak no and just wait to see if nzd has power to push it more up above 64.50 and opened 65.60 level to be touched.
Thread: Nzd/Jpy
NZDJPY is in bullish momentum as JPY to weak no and just wait to see if nzd has power to push it more up above 64.50 and opened 65.60 level to be touched.
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The pair has finished its upward trend and now it will made its correction untill level 38% at
the level of 62.80 and than the level 50% at the level of 62.40.
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If a M15 close above 61.50 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 60.20 sell only and do not buy. If price closes back above it again do nothing
The range 61.50 and 60.20 is neutral area, any trade done in between is personal decision and not part of this analysis
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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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Bindas36 (2020-03-12)
The pair was broke strong down trend line as you see in my folloing chart
so , Up movements will be expected at the next week till (yellow levels= Resistances)
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Bindas36 (2020-03-12)
in fact the daily close of this pair isn't clear if its blow this support or not
maybe we will see another rise next week
i think it's better to wait till it become more clear
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Bindas36 (2020-03-12)
as it shown on the 4 hr chart it is uptrend so far and over ema50 line. should test and close over the resistant level exist at 62.40 to move further rising
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Bindas36 (2020-03-12)
i see in this chart that the candle is going to uptrend in one hour frame so if you buy now at this price ( 61.865 ) make for you two targets you will be able to get them your first target at (10 pipe) and the second at (the next 15 pipe) and make your stop loos at (100 pipe not more) good luck in this analysis and i hope the profit for all members
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Bindas36 (2020-03-12)
I think the level 61.66 become astrong support for the pair, if the pair still trading above this level ;
the pair will continue its upward movement.
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Bindas36 (2020-03-12)
as what i ca see in the 1h end 4 shart i think the pair have retur in the up trend after close in 1h abouve the 59.95 the rsi is abouve the 50 so wait to the macd to be abouve the 0 level
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Bindas36 (2020-03-12)
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