Day: October 11, 2015

Ascending Channel on Short Term (H4) NZD/JPY

New Zealand dollar is rising against the Japanese yen in a clear uptrend from late September. On October 2, the currency pair entered the ascending channel on its 4-hour chart and is holding to it since then. The channel is well-defined but is poorly placed. Ideally, it should have been a recovery part of a major bearish trend, but in this case, it just follows an almost month long consolidation […]