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NZDJPY is struggling to make a decision of choosing its run after the bullish run from August mid to September 1st week. Since September 1st week this pair is struggling to make its run on upside or lower and end up in producing a range trading between 76 to 75. Anticipating the Chinese Trade balance and other important events like Euro interest rate decision, it is likely to push the price further up. But I would like to go technical and I expect a little more deeper pullback before resuming it…
ijayakumar's Blog
NZDJPY may decline soon
NZD dollar was having such a strong run for last couple of weeks and with formation of three candles not able to break above the previous and more importantly, yesterday high was lesser than previous one. It resembles the bearishness in this pair and NZD dollar in oversold area. Hence if this pair breaks below the two days low, then there may be a chance of bearish run again. In line with this, please find the daily chart analysis of NZDJPY,
NZDJPY may continue it's downtrend
NZDJPY started trading on the downside since last month end and it may continue further on the downside. Price action also shows less movement on the upside and strong red candles on the downside which again suggests further weakness in this pair. Please find the chart analysis,
As the charts shows, the prices are moving in downtrend but with less movement which suggests that a breakout may happen soon. But for now, this pair may continue on the downside and selling is a good option.
It is bett…
As the charts shows, the prices are moving in downtrend but with less movement which suggests that a breakout may happen soon. But for now, this pair may continue on the downside and selling is a good option.
It is bett…