This imputes a buy/sell ratio of 1, which is neutral.
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
Scenario 1bullish rectangle– wait price break above as confirmation and look for pull back and enter long positionscenario 2if price decide to break lower after the long bullish trend for almost one week, look for price break lower and pull back and enter short positionfinally, price break above the consolidation support area with bullish engulfing candle….
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well.
This imputes a buy/sell ratio of 0.36, which is bearish.
Compared to its peers in the forex, nzd/jpy gave its buyers a return that ranked 18th in terms of percentage change since the day prior.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
The closest is the 20 day average, which is 53.1 pips away.
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.