NZDJPY Daily Outlook On Wednesday, we found out that Canada recorded a negative annual rate of inflation for the first time since 2009, the Euro-zone April inflation has been revised downwards to an almost four-year low, and the level of UK inflation slumped to the lowest level since 2016, and as a corona-virus up to date.
On Thursday, we are in the US, the Markit Manufacturing PMI and Japan Inflation and interest rate decision.
Welcome to the Tickmill update, I’m Kiana Danial, founder of the Financed rebel movement. Make sure to subscribe The company’s YouTube channel support us by like and share this video with your forex trading friends.
Today I am looking at the NZD/JPY pair has just broken above the daily Ichimoku cloud, following the consolidation of the last 2 months-after-the-COVID-19 crash. In The future, the cloud is bullish. With this, on the base of the Ichimoku cloud indicator which we expect could be that a temporary pullback in the direction of the 65, and then to see that the profits on the important Fibonacci retracement levels, 67 and 68, respectively.
You think the NZD/USD pair has been, and management, and a new uptrend is on the horizon? You go to the comments and let me know.
Disclaimer: The material provided is for informational purposes only and should not advice as an investment. The views, information or opinions that belong in the text only the author, not the author of the employer, the organisation, a Committee, or other group or individual, or company.
High risk warning: CFDs are complex instruments and come up with a high risk of losing money fast, due to the leverage effect. 73% and 70% of retail lose investors with accounts-money when the CFD trading with Tickmill (UK) Ltd, Tickmill Europe Ltd, respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk or losing your money.