Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Forex Market Commentary By TitanFX
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="titanfx, post: 98717, member: 33464"] [SIZE=6][B]NZDJPY To Remain Under Bearish Pressure[/B][/SIZE] [B]Key Highlights [/B] · New Zealand Dollar remained under a bearish pressure against the Japanese Yen, and may continue to move down. · There was a support trend line for the NZDJPY pair, which was breached by sellers to open the doors for more losses. · In New Zealand, the Current Account released by the Statistics New Zealand posted a reading of $-2.614B, compared with the forecast of $-2.80B in Q4 2015. · Moreover, the New Zealand Current Account - GDP Ratio posted a reading of -3.1%, compared with the forecast of -3.2%. [B]NZDJPY Technical Analysis[/B] The New Zealand Dollar moved down against the Japanese yen, as the latter one gained heavily recently. There was a support trend line for the NZDJPY pair, which was broken during the downside drift. [IMG]http://s30.postimg.org/bi0nljaw1/NZDJPY_03_16_2016.png[/IMG] Moreover, the pair also settled below the 100 and 200 simple moving averages on the 4-hours chart, signaling seller’s strength. Currently, the NZDJPY pair is trading near another support trend line, which if breached may open the doors for more losses. ------------------------------------------- [B][I]Posted by Aayush Jindal - 'Titan FX Currency Analyst'[/I][/B] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…