This level could very well be the signal for the end of the present downwards movement.Japanese yen reached can be found exactly at the strong support level set in the region of 61.50.
Thread: Nzd/Jpy
This level could very well be the signal for the end of the present downwards movement.Japanese yen reached can be found exactly at the strong support level set in the region of 61.50.
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The NZD/JPY has maintained a descending channel since May 31st when risk sentiment began to shift, leading equities and commodities lower
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from what ican see i the hourly shart i think it want to up if the level resistance 62.40 take end don't broke it wait for the macd end rsi to give the up signal to be sure
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the trading now above the level of 63.00 will make the uptrend expected and the pair might continue in it's upmovements heading to 63.40 and then 63.65 and that's before bouncing from the resistance levels
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there still remain a few days for trading before Bernanke's speech, it is possible that the markets will continue to move extremely slowly and just a bit lower.
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the chart and as we can see on it is showing the pair has succeeded in closing it's daily candle above level 59.00 , and that's mean the up trend is still standing and the pair might head to 59.55 and then 59.75 , good luck .
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If a M15 close above 60 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 59 sell only and do not buy. If price closes back above it again do nothing
The range 60 and 59 is neutral area, any trade done in between is personal decision and not part of this analysis
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Because of the pair has failed in breaking 59.00 and bounced from it , so that's mean the up trend is expected and the pair might head to 59.40 and then 59.75
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If a M15 close above 64.06 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 62.88 sell only and do not buy. If price closes back above it again do nothing
The range 64.06 and 62.88 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 59.00 . so , that's means that up trend is expected and the pair might head to 60.00 and then 60.30 ,but also the hourly correction is expected before continue in the up trend
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