Subscribethis pair pullback down today and this could be the correction swing........62 would the next level for this pair and if those area support then another uptrend will unfold as a wave c.......if not then the new low will expected
Thread: Nzd/Jpy
this pair pullback down today and this could be the correction swing........62 would the next level for this pair and if those area support then another uptrend will unfold as a wave c.......if not then the new low will expected
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Bindas36 (2020-03-12), Muhammad Muhammad (2020-02-28), zainm6050 (2019-05-27)
we can notice from the chart that the pair has closed under 63.00 , that's mean the down trend is expected and the pair might head to 62.50 then 62.20 , however the pair made a hourly correction
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Bindas36 (2020-03-12), Muhammad Muhammad (2020-02-28), zainm6050 (2019-05-27)
this pair is trying to rise back up to 65 area but it fail to break the previous low level.......if this pair manage to reach those area then we the next level will be at 67
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Bindas36 (2020-03-12), Muhammad Muhammad (2020-02-28), zainm6050 (2019-05-27)
the chart is showing that the pair is trading under level 64.00 , that's mean the down trend is standing and the pair might reach 63.20 , but if the pair succeeded in breaking 64.00 , it will head to 64.30 and then 64.50
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Bindas36 (2020-03-12), Muhammad Muhammad (2020-02-28), zainm6050 (2019-05-27)
the NZD/JPY pair is set up in the middle of an ascending channel that has been in place since the last week of May, and traders have an opportunity to swing trade the pair to the downside should risk-appetite continue to wane.
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Bindas36 (2020-03-12), Muhammad Muhammad (2020-02-28), zainm6050 (2019-05-27)
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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Bindas36 (2020-03-12), Muhammad Muhammad (2020-02-28), zainm6050 (2019-05-27)
the NZD/JPY pair depreciated by 300-pips in a matter of days. However, on the heels of encouraging economic data from New Zealand
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Bindas36 (2020-03-12), Muhammad Muhammad (2020-02-28), zainm6050 (2019-05-27)
If a M15 close above 64.32 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 63.89 sell only and do not buy. If price closes back above it again do nothing
The range 64.32 and 63.89 is neutral area, any trade done in between is personal decision and not part of this analysis
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Bindas36 (2020-03-12), Muhammad Muhammad (2020-02-28), zainm6050 (2019-05-27)
Currently uptrend should end around 64.43 - 64.76 area. A correction down to below 63.56 is expected. A rise above 65.31 will abort the expected correction.
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.
Bindas36 (2020-03-12), Muhammad Muhammad (2020-02-28), zainm6050 (2019-05-27)
the chart is showing that the pair has succeeded in closing it's daily candle above level 64.00 , and that's mean the up trend is still standing and the pair might head to 64.30 and then 64.60
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.
Bindas36 (2020-03-12), Muhammad Muhammad (2020-02-28), zainm6050 (2019-05-27)
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