Hi there everyone.
Hope you are all going great. I am starting posting after a long time. There was busy time for me. So, I am starting posting again. I will post mostly on the Forex market. So, people who are following me will be informed and will be seeing on Forex posts. I am doing trading. I will share with you just my thoughts and speculation.
[IMAGE: https://cdn.steemitimages.com/DQmbpYKTwPZUDLDgguwUpLeaUHrVg6tSZ8rqyV5UgSY5PFi/0315kd-1.png]
Today I will share my technical view on the pair NZD/JPY. This pair has huge downtrend potential. Let's have a look-
[IMAGE: https://cdn.steemitimages.com/DQmZfZZG7KYMXcqrnnmEhwWgpFHfSoekkZhfjEFKmb4L3L9/Daily%20nzd.PNG]
As you can see, it is already hit the resistance level. Which is very strong. It is just testing the strengths of this resistance line.
[IMAGE: https://cdn.steemitimages.com/DQmbzDzWpFq2ytg7Pi1diNUQaMdf24MDv3rfxVNTkstrq3j/weekly.PNG]
This one is Weekly chart. you can see here the trend of this pair. Downtrend is clear here without any doubt. In the Weekly chart, it also now the line.
[IMAGE: https://cdn.steemitimages.com/DQmS74xmd9PrVi3fHyf6vRJYQebd3HpXCuu6XNHwnu2ppxA/NZDh.PNG]
[IMAGE: https://cdn.steemitimages.com/DQmbXRdPMZUV7oLEB45os58kU3EwLveiNZnTBY4dMCiuj2h/area.PNG]
4 Hour chart is also supporting our analysis. If it is breaking down on the red line covered area. It will be a huge fall from the mount Everest. You just have to be there. :)
[IMAGE: https://cdn.steemitimages.com/DQmUWWgi37Hw6w7ytx9hBdPiqb2vsovMfwYycA9xypRrQUg/extra.PNG]
Other Indicators also providing the base for the analysis. It will just need a little push from there. JPY also getting stronger against all the pairs. So, it is.