NZDJPY Huge long-term bullish signal emerged.

9월 25일

The NZDJPY pair gave us an excellent sell signal last time (July 10, see chart below) and not only hit our 95.580 Target but broke below and invalidated the medium-term Channel Up:

The long-term Channel Up however, is still intact and it is evident on the 1W time-frame where the July-August sell-off found support and stopped exactly on the 1W MA200 (orange trend-line).

This alone is the first long-term buy signal. The second is a double one and will be given if the price closes above the 1W MA50 (blue trend-line), which has already rejected the uptrend twice since August and the 1W MACD forms a Bullish Cross. As you can see on this chart, every time the 1W MACD Bullish Cross coincided with a price closing above the 1W MA50, it was the strongest buy confirmation since 2020.

So if that confirmation is achieved, we will turn bullish with our Target being 102.000 (+18.31%, the minimum Bullish Leg rise within the Channel Up).

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