Interim Update June 21, 2023
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Macca45
- blue pill or red pill
- Posts: 13
- Joined: Sat Oct 17, 2020 8:55 am
Re: Interim Update June 21, 2023
Hi All, thoughts on NZD/JPY? Looks overbought although the carry trade appears to be holding up. Any feedback appreciated.
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SOL
- Power VS Force
- Posts: 3267
- Joined: Sat Sep 26, 2020 7:32 am
Re: Interim Update June 21, 2023
The monthly chart NXD/JPY
The Yen could trade as low as 60, as it failed to break through key resistance points during the recent rally. Consequently, the NZD/JPY could reach the 94 range and potentially test the high from July 2007. Ideally, it would form a lower high and then decline. All cycles, including overbought and oversold cycles, are currently extending. That's my half-cent worth of input.
The Yen could trade as low as 60, as it failed to break through key resistance points during the recent rally. Consequently, the NZD/JPY could reach the 94 range and potentially test the high from July 2007. Ideally, it would form a lower high and then decline. All cycles, including overbought and oversold cycles, are currently extending. That's my half-cent worth of input.
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply
The end is always near; its the beginning and how you live each moment that counts the most
The end is always near; its the beginning and how you live each moment that counts the most
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Macca45
- blue pill or red pill
- Posts: 13
- Joined: Sat Oct 17, 2020 8:55 am
Re: Interim Update June 21, 2023
Thanks Sol. Appreciate the feedback.
SOL wrote: ↑Sun Jul 02, 2023 3:56 pm The monthly chart NXD/JPY
The Yen could trade as low as 60, as it failed to break through key resistance points during the recent rally. Consequently, the NZD/JPY could reach the 94 range and potentially test the high from July 2007. Ideally, it would form a lower high and then decline. All cycles, including overbought and oversold cycles, are currently extending. That's my half-cent worth of input.