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.
Today I will share my technical view on the pair NZD/JPY. This pair has huge downtrend potential. Let's have a look-
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.
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.
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. :)
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.
#Disclaimer:(Well, I am not a professional adviser. Just sharing my thoughts. What I learned on my way. Please Up-vote and Follow me. And let me know your thoughts about the post in the comment section.)