Home About the company Daily reviews NZD/JPY currency pair analysis 20.01.2022

NZD/JPY currency pair analysis 20.01.2022

20.01.2022

Market Review

The descendant wave structures H4 and H2 are truncated at the moment. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trade idea:

Buy when an ascendant wave structure starts forming, where a wave (A) pierces the inclined channel of the descendant truncated structure of H2 level.

Stop Loss is below the local minimum of the descendant pattern.

Target levels: 78.50; 79.20.

Author: GC
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