NZD/JPY short
NZDJPY
INDICATIONS
1. Trend bias: price action above 200 ma but looks to meet 200 MA
2. Price action: strong rejection at daily resistance level, consecutive bearish candles with Daily candle closing at low. Next target at daily trend line
3. Indicators: RSi at oversold levels however heavy momentum downwards could force extended period at OS levels; Increasing bearish volume
OUTLOOK: BEARISH
NZDJPYINDICATIONS
1. Trend bias: price action above 200 ma but looks to meet 200 MA
2. Price action: strong rejection at daily resistance level, consecutive bearish candles with Daily candle closing at low. Next target at daily trend line
3. Indicators: RSi at oversold levels however heavy momentum downwards could force extended period at OS levels; Increasing bearish volume
OUTLOOK: BEARISH
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.