Forex Technical Analysis of NZDJPY for June 15, 2015 | Forex Signals Market
Sunday, June 14, 2015

Forex Technical Analysis of NZDJPY for June 15, 2015

Support                            -   S1 : 85.689 | S2 : 85.342 | S3 : 84.804
Resistance                       -   R1 : 86.574 | R2 : 87.112 | R3 : 87.459  
Main Trend                     -   Bearish
Intraday Trend              -   Bearish


Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:



Forex Technical Analysis

4H Chart


The area  86.423  – 86.651  is a neutral zone.

Bullish scenario : If price moves upwards and close above the neutral zone, then the upward trading targets will be : 86.976 , 87.234 , 87.438 , 87.689 , 87.885 , 88.270.

Bearish scenario : If price moves downwards and close below the neutral zone, then the downward trading targets will be : 85.737 , 85.398 , 84.905.


1H Chart


The area  86.139  –  86.268  is a neutral zone.

Bullish scenario : If price moves upwards and close above the neutral zone, then the upward trading targets will be : 86.668 , 86.830 , 87.111 , 87.524 , 87.770 , 87.985.

Bearish scenario : If price moves downwards and close below the neutral zone, then the downward trading targets will be : 85.425 , 84.950 , 84.480.

Using the above elements of forex technical analysis, everyone can plan his own personal forex trading strategy . We note the need to use stop loss levels.

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