NZDJPY
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β³Day chart
π² Detailed analysis
β³οΈBullish entry
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Detailed analysis π¬
1οΈβ£ Notable break and retest happens twice
2οΈβ£ 71.630 Multi month highs strong support
3οΈβ£ Positive risk sentiment, Vaccine news
4οΈβ£ 72.00 Dynamic support and resistance
5οΈβ£73.600 acted as strong resistance-Key trend reversal area
6οΈβ£ 70.110 50% Fibonacci will Acted as strong support/Point of control coincidence
7οΈβ£ Technical support - Bullish
8οΈβ£ 73.600 will acted as key reversal-bearish
9οΈβ£ 2020 High will act as alternative bearish entry-Double top formation
π Possible swing target-73.600
#οΈβ£ Overall long-term trend- Bullish
βββββ-βοΈββββββ-
π Technical bias-Day-Bullish
Price is above 50,100,200 Exponential moving average
50,100 Exponential moving average will act as support-Bullish
Relative strength index - well above 60 - Bullish trend
MACD -Histogram is slowly fading towards red, Oscillators about to cross soon
Stochastic - Reached around 75- overbought condition will give a short term fall back expected
Ichimoku cloud -cloud is still green-Price is well above the cloud
Bollinger band- Price reached around the upper side of the band-Short term bearish correction towards middle band was expected
βββββ-β³οΈββββββ-
Key reversal area's
70.000 psychological level
70.110Point of control area Volume analysis
71.670 June,July,August month highs
69.000 Lower side of the recent consolidation phase
73.000 Major psychological level
73.660 Possible entry- Bear
73.660 Trendline resistance/Alternative Bearish entry
βββββ-β³οΈββββββ-
Bearish entry #yen #kiwi #nzdjpy
Entry price - 72.150
Take profit 01 - 72.800
Take profit 02 - 73.600
π« Stop lose 71.200
β¬οΈ 2.00 Growth expected
β€΄οΈ Account growth 1: 2
β Risk reward ratio 1 : 2
βββββ-βοΈββββββ-
Push the like button , And cheer up if you found useful
*********
β³Day chart
π² Detailed analysis
β³οΈBullish entry
βββββ-βοΈββββββ-
Detailed analysis π¬
1οΈβ£ Notable break and retest happens twice
2οΈβ£ 71.630 Multi month highs strong support
3οΈβ£ Positive risk sentiment, Vaccine news
4οΈβ£ 72.00 Dynamic support and resistance
5οΈβ£73.600 acted as strong resistance-Key trend reversal area
6οΈβ£ 70.110 50% Fibonacci will Acted as strong support/Point of control coincidence
7οΈβ£ Technical support - Bullish
8οΈβ£ 73.600 will acted as key reversal-bearish
9οΈβ£ 2020 High will act as alternative bearish entry-Double top formation
π Possible swing target-73.600
#οΈβ£ Overall long-term trend- Bullish
βββββ-βοΈββββββ-
π Technical bias-Day-Bullish
Price is above 50,100,200 Exponential moving average
50,100 Exponential moving average will act as support-Bullish
Relative strength index - well above 60 - Bullish trend
MACD -Histogram is slowly fading towards red, Oscillators about to cross soon
Stochastic - Reached around 75- overbought condition will give a short term fall back expected
Ichimoku cloud -cloud is still green-Price is well above the cloud
Bollinger band- Price reached around the upper side of the band-Short term bearish correction towards middle band was expected
βββββ-β³οΈββββββ-
Key reversal area's
70.000 psychological level
70.110Point of control area Volume analysis
71.670 June,July,August month highs
69.000 Lower side of the recent consolidation phase
73.000 Major psychological level
73.660 Possible entry- Bear
73.660 Trendline resistance/Alternative Bearish entry
βββββ-β³οΈββββββ-
Bearish entry #yen #kiwi #nzdjpy
Entry price - 72.150
Take profit 01 - 72.800
Take profit 02 - 73.600
π« Stop lose 71.200
β¬οΈ 2.00 Growth expected
β€΄οΈ Account growth 1: 2
β Risk reward ratio 1 : 2
βββββ-βοΈββββββ-
Push the like button , And cheer up if you found useful
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