We can expect a potential rise for NZDJPY from here. Previous two sessions have been bearish - it has come towards the P level of 68.000. Previous day low has not been breached yet. As NY opens - we cna expect a bullish movement before Asia session begins
Following a decent impulse to the upside on the 60 and not a conflicting bias on from the daily as that is consolidating, I believe price can go higher if not to a retest of the highs too. Came into a minor level of support with fairly safe stop placement. A quick potential day trade which I am involved in.
Trade war truce has come to carry you home?!
Swing-Lo, Sell Kiwi, China-Us talks will carry you home.
NZD and AUD have thrived in the past weeks on a weak dollar and more business with China, now the Big-Bully is back!! And he wants a big chunk of the cake....or else!!!
The S&P 500 got some ticks on Friday night at trade closure due to that Trump-Xi deal...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.627.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=0.626.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...