Bullish view on NZDJPY
NZDJPY is heading down for 4 days consecutive. Yet, the pair is now right above strong support zone. It seems that NZDJPY is building a triangle formation on a daily chart, which might be both a formation of continuation or reversal.
Longterm trend is still bullish and current price action encourages for going speculatively long. Tomorrow we will have a cleaner picture of the situation. If NZDJPY creates a pinbar in this particular place it will be needed signal for bulls to buy the pair.
Our bullish view is supported by Stochastic oscilator which is now really near the oversold area.
Longterm trend is still bullish and current price action encourages for going speculatively long. Tomorrow we will have a cleaner picture of the situation. If NZDJPY creates a pinbar in this particular place it will be needed signal for bulls to buy the pair.
Our bullish view is supported by Stochastic oscilator which is now really near the oversold area.
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Sprawdź największy polski portal traderski - comparic.pl i dołącz do najbliższej edycji konferencji InvestCuffs! expo.investcuffs.pl. Do zobaczenia w Krakowie!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.