Quick trade with the pair We broke the 38.20% retracement, TP set to 74.128 (23.60%). Good luck
Feel free to like/comment! Trade will be active if prices touch the orange dots. Stop around the red line. Target around blue line (38.2% retracement). Good luck
Nice bullish divergence forming on this pair on the daily. Buy above KS, at around 0.76, for a move to the top of KUMO (around 78-ish).
Our last setup (check below) seems to be confirmed! Prices nicely crossed daily KS indicating bullish momentum Resistance could be seen on Weekly KS as indicated in the chart then on the top of the KUMO but we have broken the minor downtrend. Stop loss on KS, at around 76.30
Yesterday I highlighed a bullish setup on the pair. It has been confirmed since the price has broken the downtrend. Next resistance will be seen on the top of the cloud at around 78.490. Put a stop on Tenkan Sen. check out our other strategies below! Cheers Jesse
Bullish momentum. Prices are about to cross up the downtrend. If prices hold KS tonight I would buy the pair for a 2-figure movement - Target will be the top of KUMO at around 78.500. Stop can be placed on Tenkan Sen at around 75.00 Good luck
On the daily charts we have seen bullish momentum test the resistance level of 76.046 4 times over the period of last week, this level also coincides with my 25% fib level (75.783) hinting the bullish pressure is coming to an end, with fridays close at 75.501 with an extensive false break towards the upside leaving friday's daily range at a high of 76.605 on top...
Looking to sell this at the right opportunity. Specifically if it breaks support, if it bounces up again, looking to sell at resistance. In either case, JPY as a safe haven will rise dramatically if stock market sees volatility to the end of the year.
The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 2.5 percent. particularly in China. Combined with increases in the labour supply from strong net immigration, posting a financial stability risk. CPI inflation is below the 1 to 3 percent target range,
While much of the world struggles with debt management (EU & Greece), falling commodity prices (Russia & Australia), or political gridlock (USA) New Zealand quietly grows their economy and with the highest Fed Funds rate of any popularly traded currency. Today's data point: New Zealand Business Confidence which rose to 35.8. This rise marks the fifth consecutive...
We already got major trend change for NZD/JPY but we are only waiting for good entry!! We may not reach previous structure for entry but we will have to entry earlier after breakdown of retracment up to EMA 36. Using heikin ashi candles helps us that so after breakdown of retracment i will short it defnitely. Resons for trend change are already written on the...