NZDJPY: Will the price GROW more on this CHANNEL?
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis📈 and Trading Tips📉, support the idea hitting the LIKE👍 button and don't forget to SUBSCRIBE✔️ my channel, you won't miss anything!
🟢Forex Pair:
NZD/JPY
⚪Technical Analysis:
In the weekly time frame, since March 2020, the price has been moving following a strong uptrend, bouncing on its dynamic trendline just in November 2020.
It's currently still in uptrend and it reached a strong resistance zone.
In the daily time frame, since November, the price has been following a clear ascending channel and few days ago it got a rejection on its dynamic support line.
It's currently moving up with a great chance to reach and retest again a strong resistance zone at about 75.640.
In the h4 time frame, two days ago the price broke a secondary trendline and it's currently retesting the same level.
The next price action will be essential to understand the next movement.
🔴Conclusion:
I'm confident to see the price moving up after a possible bounce on the support zone at about 74.000.
I'll be waiting for a clear price action before planning my next long position on this trade, so at the moment, I suggest to not open any position.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
🟢Forex Pair:
NZD/JPY
⚪Technical Analysis:
In the weekly time frame, since March 2020, the price has been moving following a strong uptrend, bouncing on its dynamic trendline just in November 2020.
It's currently still in uptrend and it reached a strong resistance zone.
In the daily time frame, since November, the price has been following a clear ascending channel and few days ago it got a rejection on its dynamic support line.
It's currently moving up with a great chance to reach and retest again a strong resistance zone at about 75.640.
In the h4 time frame, two days ago the price broke a secondary trendline and it's currently retesting the same level.
The next price action will be essential to understand the next movement.
🔴Conclusion:
I'm confident to see the price moving up after a possible bounce on the support zone at about 74.000.
I'll be waiting for a clear price action before planning my next long position on this trade, so at the moment, I suggest to not open any position.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.