Home Forex Analysis And Forecasts Analysis NZDJPY‬ Bulls cheerfully came up to the line of defence.

Analysis NZDJPY‬ Bulls cheerfully came up to the line of defence.


Kiwi rised to the level 89.84 very fast. Several times Bears stopped bull's attacks on that level. Is there any chance kiwi will break the blockade…

The price is above the moving average 20 MA and 200 MA, which indicates an upward trend.
The average in the MACD went from the histogram, but still below the zero line.
The oscillator Force Index crossed the zero line upwards.

In case of break through of the resistance level the following recommendations are:

  • Timeframe: D1
  • Recommendation: Long Position
  • Entry Level: Long Position   89,84
  • Take Profit Level: 93,49 (365 pips)
  • Stop Loss Level: 88,99 (85 pips)

When the rebound from the resistance level 89,84 the following recommendations:

  • Timeframe: D1
  • Recommendation: Short Position
  • Entry Level: Short Position  88,90
  • Take Profit Level: 86,60 (150 pips)
  • Stop Loss Level: 89,40 (50 pips)

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