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Nzd-jpy

Don't miss the great buy opportunity in NZDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (70.60). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 60. Take Profits: TP1= @ 71.60 TP2= @ 72.30 TP3= @ 73.35 SL= Break below S2
Long
by ForecastCity
8
Don't miss the great sell opportunity in NZDJPYTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (72.65). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDJPY is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 32. Take Profits: TP1= @ 71.75 TP2= @ 71.47 TP3= @ 70.00 SL: Break Above R2
Short
by ForecastCity
8
Don't miss the great sell opportunity in NZDJPYTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (72.65). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDJPY is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 32. Take Profits: TP1= @ 71.75 TP2= @ 71.47 TP3= @ 70.00 SL: Break Above R2
Short
by ForecastCity
8
NZDJPY touched Weekly Resistance: Potential SELL set-upHello Traders, I would like to present a potential SELL set-up in NZDJPY through this analysis. As you can see, NZDJPY has touched the Weekly Resistance in the chart. Currently, the price looks overextended and too many positives(US China trade deal,etc) have already been priced in. So, any kind of risk-off situation can lead to a sharp reversal in price. Hence, based on BEARISH PRICE ACTION in lower time frames, traders can look for SELL between 73.30-73.80 with SL above 74.15. TPs can be set at 72, 71.30 and 70.15 respectively.
Short
by TraderAvDM
1