DanV

NZDJPY's - Weakness could be an excellent short trade

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
From my earlier published chart of CADCHF was suggesting commodity currencies are exhibiting weakness. NZDJPY could be another example and an excellent configuration for hunting a short trade which as potential to drop back to 70 zone in due course if not lower.

Also that this is a weekly chart so it getting a good entry and suitable position size would be very important to allow for natural volatility.cad

Remember always that this is my interpretation of rice action. So do you own analysis for any trades you plan.

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.