Hi Traders, Below you will find NZDJPY intraday FX Delta trade from the ongoing week. To see the complete weekly performance so far click here. To get your free copy of the FX Delta visit this page for more details.
NZDJPY D1 Chart:
On the daily chart the price is currently moving higher, we have a potential double wave up that is forming at the moment. We have a critical zone that has formed based on the fibo levels of this cycle, we may expect the price to move higher towards this 61% fibo expansion.
NZDJPY H4 Chart:
On the H4 chart the price which was moving lower has reached a horizontal support and is moving higher. We also have an uptrend line that has formed and the price which is respecting this dynamic support has reached this trend line and moved higher again. In addition to this we also have a bullish delta pattern that has formed.
NZDJPY M15 Chart (FX Delta):
On the M15 chart FX Delta signaled a very nice entry a bit earlier this week, providing good profits. The plan for this pair remains bullish as long as the horizontal level along with the trend line are holding the price above.
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