NZDJPY steam rising in price due to the strong New Zealand dollar
The New Zealand dollar is growing steadily in value against other currencies in the forex market. This trend does not change direction even during important news releases. The price was able to overcome the resistance at 77.92, but retreated to reach the flat level of 78.00 and may start to rise again. The MACD indicator is above zero levels and does not show divergence. The price is above the 200 moving average. These indicators give us reason to believe that the upward trend may continue. We place a Take Profit order at 78.45 in the immediate resistance area.
Order Type: Pending Order - Buy Stop
Entry Price at 78.05
Take Profit at 78.45
Pips Earning: 40
Forex trade strategy and trading signals for major currency pairs:
EURUSD buy at the price of 1.1845
USDJPY sell at the price of 119.95
GBPUSD buy at the price of 1.3795
USDCHF sell at the price of 0.9145
Trading recommendation result
The profit can be $380.95 if the trading volume of 100000 NZD (1 Lot).