EURJPY TECHNICAL ANALYSIS

Here is an NZDCAD Technical Analysis on the H4time frame. It is a major currency pair and one of the 21 currency pairs that we cover in our Forex Signals App that is available on both Android and iTunes. You can also view the Forex Signals App video demo.

EURJPY on the H4 Time Frame

Price is currently trading belowthe 15 and 30 EMA. Price is at the bottom range of the channel and is most likely going to go up.

Price is in a sideways channel.

Price recently came in contact with the slanted support level.

There is room for price to go up to the 15 or 30 EMA  level.

Additional points on NZDCAD

MACD is in red and below the zeroline.

15 and 30 EMA may act as a potential dynamic resistance.

Conclusion

Price is expected to increase.

 

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Have a great trading day ahead!

Ilyas Ismail

Currency Strategist

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