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Thread: NZD JPY

  1. #1
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    NZD JPY

    time daily



    time h1

    rd-


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    The price is inside a strong bearish trend in the daily TF. As long as the trend line wouldn’t be broken above, there will be no expectation for any change by the trend and the bias would be for a continuation in drop by having 74.40 support broken.



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    The price is fluctuating inside a consolidation area in the M30 TF. we expect to have a trendy move by having the price out of the area.


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    Quote Originally Posted by PCMAnalyst View Post
    The price is fluctuating inside a consolidation area in the M30 TF. we expect to have a trendy move by having the price out of the area.


    Result:



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    Quote Originally Posted by PCMAnalyst View Post
    Result:







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    NZD/JPY

    NZD/JPY Technical Levels

    NZD/JPY
    reached 82.52 2week high shortly after the release of NZ data.

    The pair currently 82.31 and the supports at 82(Nov 4th high),81.59(Oct 31st high) and the resistance is 82.35 (Oct 18th high),82.80(Oct 21st Low).

    Hourly and 4Hour charts formation of bullish channel started about a week ago.

    On daily charts,the pair flows around 23.6% Fibonacci level with the bullish momentum.



    CURRENT SUPPORT - 81.10,81.30 AND 81.50
    CURRENT RESISTANCE - 82.27,82.48 AND 82.68.

    The overall trend is
    Strongly Bullish.

  7. Thanks GoldTrader, ALex, Raam thanked for this post
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    A haed & shoulder pattern is seen on the daily TF. We are expecting a drop to 76.50 by having the neck line broken around 80.28.


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    The price is experiencing an accumulation area on the daily TF. we are expecting to have a trendy bias by having the price out if the box.


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    Quote Originally Posted by PCMAnalyst View Post
    The price is experiencing an accumulation area on the daily TF. we are expecting to have a trendy bias by having the price out if the box.


    As we discussed in the previous point of view, we are having a flying up out of the box by the price. If the demand in the market, continuation of the up trend is expected by the pair.


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    On the H4 TF, by having the harmonic pattern Invab=cd being formed: we are observing a reversal. We are expecting a bullish move if the demand fuels up in the market.


 

 
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