Ready to Start Trading?

Open a Live or Demo account online in just a few minutes and start trading on Forex and other markets.

Apply online

Any Questions?
Contact us:

phone: +1 849 9370815

email: sales@tradersway.com

Join Us in Just 1 Minute!

下载MT4
MT5 Terminal

NZD/JPY Rising Channel (December 13, 2013)

NZD/JPY has been on a steady uptrend on its 1-hour time frame and might be ready to push higher, given the RBNZ’s hawkish rhetoric in their latest interest rate decision. Although the central bank kept interest rates unchanged, they did hint that they could hike if inflationary pressures remain strong.

Right now, the pair is hovering at the middle of the rising channel in a consolidation pattern. Stochastic is still pointing up and moving towards the overbought zone, which means that there’s enough upward momentum left. A rally could take the pair from its current levels to the top of the channel while a selloff could still find support at the bottom of the channel.

131213_nzdjpy

 

An aggressive long entry could be set at market and aiming for the top of the channel while a more conservative entry could be set at the bottom of the channel and targeting the top of the channel.

By Kate Curtis from Trader's Way

Any Questions?
Email Us: sales@tradersway.com

bob@tradersway.pro/cn
Quotations
Instrument Bid Ask Spread
Instrument Bid Ask Spread
Instrument Bid Ask Spread
Instrument Bid Ask Spread

2023 Martin Luther King Holiday Schedule

Due to the Martin King Holiday on 16 January, 2023, market activity and liquidity may be lower than usual....

Learn more

加入我们仅需1分钟!

下载MT4MT5 TerminalMetaTrader for Mac
TradersWay's Facebook TradersWay's Telegram Channel TradersWay's Twitter TradersWay's Instagram
bob@tradersway.pro/cn