PaxForex

Analysis of NZDJPY 14.06.2019

FX:NZDJPY   New Zealand Dollar / Japanese Yen
The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.

If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 70.60
• Take Profit Level: 70.00 (70 pips)

If the price rebound from a support level , you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 71.20
• Take Profit Level: 71.70 (50 pips)


USDCHF
A possible short position in the breakdown of the level 0.9910

USDJPY
A possible short position in the breakdown of the level 108.10

EURUSD
A possible short position in the breakdown of the level 1.1260

GBPUSD
A possible short position in the breakdown of the level 1.2630
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