NZDJPY- Nice break out
FxWirePro- NZDJPY trade idea
NZDJPY trades neutral with positive bias yesterday. It hits a high of 90.31 and is currently trading around 90.15.
Technicals-
The pair is trading above 34- and 55 EMA in the hourly chart.
The near-term resistance is around 90.31, a breach above targets 90.82/91.80. The immediate support is at 89.85 any violation below will drag the pair to 89.70/89.10/88.40.
Indicator (hourly chart)
CCI (14)- Bullish (above 100)
CCI (50)- Bullish (above 100)
Average directional movement Index - Bullish. All indicators confirm a bullish trend.
It is good to buy on dips around 90.22-24 with SL around 89.90 for TP of 91.
NZDJPY trades neutral with positive bias yesterday. It hits a high of 90.31 and is currently trading around 90.15.
Technicals-
The pair is trading above 34- and 55 EMA in the hourly chart.
The near-term resistance is around 90.31, a breach above targets 90.82/91.80. The immediate support is at 89.85 any violation below will drag the pair to 89.70/89.10/88.40.
Indicator (hourly chart)
CCI (14)- Bullish (above 100)
CCI (50)- Bullish (above 100)
Average directional movement Index - Bullish. All indicators confirm a bullish trend.
It is good to buy on dips around 90.22-24 with SL around 89.90 for TP of 91.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.