NZDJPY - Will BE MARKET RISK ON? FORMING BAT PATTERN NOW..
- No high impact news for the New Zealand dollar today. Also, there is no high impact news for JPY. But somehow, New Zealand's employment report data was released on Wednesday. But I did not see any such change or development. So the NZD was slightly RANGE. Most likely NZDJPY will FOLLOW the MARKET SENTIMENT this week. So pay attention to VIX, MARKET SENTIMENT.
- NZD FEATURE is currently DOWN. The main reason for that is because MARKET RISK OFF. It will be UP again. But according to the current situation in the market, the DOWN TREND is still going down. The NZD FEATURE stands at 0.6506 LEVEL. The JPY FEATURE has been heavily DOWN before. Stay tuned for the VIX INDEX. Currently VIX is getting somewhat DOWN. The NZDJPY price is moving lower than the DYNAMIC LEVELS.
- Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. But American STOCKS are going down a bit. And VOLATILITY is DOWN. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK ON BIAS on the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN.
- NZDJPY price may be slightly lower before UP up to 83.47 LEVEL according to MARKET STRUCTURE. Then the NZDJPY price can be UP. It's probably up to 86.88 LEVEL. So look at the REACTION of STOCKS MARKETS, VIX, SNP500 MARKETS.
- NZD FEATURE is currently DOWN. The main reason for that is because MARKET RISK OFF. It will be UP again. But according to the current situation in the market, the DOWN TREND is still going down. The NZD FEATURE stands at 0.6506 LEVEL. The JPY FEATURE has been heavily DOWN before. Stay tuned for the VIX INDEX. Currently VIX is getting somewhat DOWN. The NZDJPY price is moving lower than the DYNAMIC LEVELS.
- Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. But American STOCKS are going down a bit. And VOLATILITY is DOWN. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK ON BIAS on the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN.
- NZDJPY price may be slightly lower before UP up to 83.47 LEVEL according to MARKET STRUCTURE. Then the NZDJPY price can be UP. It's probably up to 86.88 LEVEL. So look at the REACTION of STOCKS MARKETS, VIX, SNP500 MARKETS.