Get started

Nzdjpylong

NZD/JPY : Looking for a Retracement on a Consolidation point!!Right now the pair is below the Weakly Support point Overall the trend is in downtrend but it is on a consolidation fase. The pair might retrace around 0.5 to 0.6 fib point Before it decide it's new trend. I will go long around 72.400 I will go for a short position if it cross 71.390 >>Take profit point if it goes long is around 0.5 to 0.6 fib point >> Take profit point if it goes Short is around 69.563 on a monthly support.
by AyushDhakal
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 76.62 (horizontal swing high resistance, 100%, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level to our major support at 75.22 (horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 76.62 (horizontal swing high resistance, 100%, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level to our major support at 75.22 (c). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill