NZD/JPY

I think this is the pair that has a very consitant chart pattern if one looks at the 4hr time frame. I think this is the pair that can make one rich . What do you guys think?

I confess that I haven't even considered looking at the charts of this pair, as it is not very popular. But it is not a bad idea to look into it.

mlawson71 posted:
I confess that I haven't even considered looking at the charts of this pair, as it is not very popular. But it is not a bad idea to look into it.

I like the fact that it consistently hit the supports and resistance points. It takes about two days to hit both points. Therefore it does not require one to be glued to the chart the whole day

I took a look at its charts and what you say is accurate. I think I may consider trading this pair. Do you have any advice for me? What should be wary of?

mlawson71 posted:
I took a look at its charts and what you say is accurate. I think I may consider trading this pair. Do you have any advice for me? What should be wary of?

Have patience and Buy at the low and sell at the top. Keep it simple

Words I live by!!

SammyB posted:

mlawson71 posted:
I took a look at its charts and what you say is accurate. I think I may consider trading this pair. Do you have any advice for me? What should be wary of?

Have patience and Buy at the low and sell at the top. Keep it simple

Do you think that the long-term rally is finally over?

mlawson71 posted:

SammyB posted:

mlawson71 posted:
I took a look at its charts and what you say is accurate. I think I may consider trading this pair. Do you have any advice for me? What should be wary of?

Have patience and Buy at the low and sell at the top. Keep it simple

Do you think that the long-term rally is finally over?

It looks like that

It definitely looks that way, I decided to short. How far do you think it will fall?

I think this is just a pull back. The rally will resume after the summer slow down

I think it may go down to 81. Lets wait and see.

If you see NZD/JPY, you are seeing the New Zealand Dollar/Japanese Yen currency pair in action. It is an abbreviation that describes the price of the New Zealand Dollar compared to the Japanese Yen at current market rates.

NZD/JPY is in an uptrend and the market is having a retracement.

The price is bullish and retracing. However, the JPY is getting strong and this could be only due to the ADP and NFP.

I find AUD and NZD pairs a bit mad for me. They move fast and hard.

sebking1986 posted:
I find AUD and NZD pairs a bit mad for me. They move fast and hard.

Same is the case with me dude! I am always confused with these pairs.