Technical analysis for trading/investing
Technical analysis for trading/investing
Currencies | NZD/JPY | Trend notes for 2021
The pair broke above descending wedge on the monthly chart and broke above key resistance, above 73.50. The weekly chart is now within 3rd bullish wave, the first target for that bullish run is at 1.272 FIB extension around 83.50 which is also a key resistance area. However, before that we need to see break above 75.50 – 76.00 to confirm the move higher.
Key support is around 73.50.
Monthly chart:
Weekly chart:
The price is approaching key resistance between 117.70 – 118.60, rejection of the resistance will…
The price is stuck in a pattern on the monthly chart, we need to see…
The price broke above key dynamic and horizontal resistance and is now within its 3rd…
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