Following the NZD/JPY Trend
Posted on January 28, 2009 at 2:02 in Uncategorized by Ross Yamashita2 Comments »

Greetings.

Let’s pull up the NZD/JPY and see where we’ve gone.

As you can see, the currency is starting to channel - making a potential triangle formation.

The daily charts are showing a minor retracement to the upside before heading back down.

This pair can move a lot so watch for a false break of the lower trend line. If it breaks and goes lower than the invalidation line, then look for a retest of the low 1/21/09.

The Asian markets are winding down and we’re about an hour before the opening of the European markets.

Check the economic calendar on FX Street and be sure to use your stops and apply your money management.

Good luck and have a great day of trading.

NZD/JPY

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NZD/JPY Continuation
Posted on January 26, 2009 at 0:04 in Uncategorized by Ross YamashitaNo Comments »

Hello.

Welcome back from the weekend and another week of trading.

Let’s bring back something we looked at last week on the NZD/JPY.

We said that there was a potential bottom on the daily chart and now we’re headed up into a correction. We looked at the hourly chart and drew in a nice trend line where the currency is currently hovering around.

Look for a potential continued move up. We are midway through the Asian session so you may see some pushes down lower but look for the overall short term trend to be bullish.

Remember that this pair moves fast so be sure to put your stops in and apply your money management.

Good luck.

NZD/JPY

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