• FxWirePro: NZD/JPY trade idea

    Source: FxWire Pro - Technicals / 18 Feb 2019 01:02:44   America/New_York

    NZD/JPY chart on Trading View used for analysis

    NZD/JPY Technical Analysis: Bias Bullish
    - RSI strength at 62, bias higher
    - Stochs and MACD show bullish momentum
    - The pair is extending gains above 61.8% Fib at 75.25
    - Price action has bounced off 100-DMA support
    - Price has broken above 55-W EMA at 75.83

    Support levels - 75.83 (55-W EMA), 75.43 (5-DMA), 75.13 (200-DMA)
    Resistance levels - 76.32 (Dec 20 high), 76.83 (78.6% Fib), 76.86 (110-W EMA)

    Recommendation: Good to stay long on dips, SL: 75.25, TP: 76.30/ 76.80

    For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex. 
     

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