💡Don't miss the great sell opportunity in NZDJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (78.660).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDJPY is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 42.
Take Profits:
TP1= @ 77.550
TP2= @ 77.075
TP3= @ 76.400
TP4= @ 75.780
TP5= @ 74.880
TP6= @ 73.880
SL: Break Above R2
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Nzd-jpy
💡Don't miss the great sell opportunity in NZDJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (78.660).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDJPY is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 42.
Take Profits:
TP1= @ 77.550
TP2= @ 77.075
TP3= @ 76.400
TP4= @ 75.780
TP5= @ 74.880
TP6= @ 73.880
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NZDJPY looking for recent highs 🦐NZDJPY after the recent highs retraced at the 0.618 Fibonacci level.
The market from there started to range between 2 structure.
Currently the price just break above and if the Plancton's strategy will be satisfied we can set a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NZDJPY on a range move 🦐NZDJPY after the recent highs got rejected by the dynamic trendline.
The market started a range move between 2 structure and according to Plancton's strategy if The price will break below we will set a nice short order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
LONGAs we can see, first ascending triangle broke, as i expected. Now waiting for the second triangle to break.
The takeprofit level should be at fib level .61, which looks great, because it does also intersect with the spiral. Its looking great.
The only risk is that we already are at fib level .38 - .5, which is an important one , if it goes up to .5, it will go for sure up to .61.
NZDJPY facing bullish pressure, potential for further upside!NZDJPY is facing bullish pressure from 1st support at 77.685, in line with 61.8% fibonacci retracement, horizontal swing low support and 127.2% fibonacci extension. We could see a bounce on the 1st support level towards the 1st resistance at 78.493 which coincides with the 61.8% retracement level, 161.8% fibonacci extension and horizontal swing high resistance. Stochastics is also suggesting that the price is bullish as it has just bounced off support level at 10.60.
NZDJPY: The price is still FOLLOWING its ChannelHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
NZD/JPY
⚪ Technical Analysis :
Since the end of January 2021, the price has been following a clear ascending channel, leaving its main trendline and starting a new uptrend, bouncing few times on its secondary trendline.
Today it broke through a daily S/R zone at about 76.600, getting a rejection (see the pin bar) on its dynamic channel's line.
The price is currently moving down, approaching a new re-test of the previous S/R zone.
🔴 Conclusion :
The monthly and daily perspectives are still following an uptrend, so I'll be looking for long positions on this trade.
I'm confident to see the price getting a bullish impulse after it will re-test and probably consolidate on the S/R zone at 76.600.
The price is cleary moving over the EMA 100, than a proper rejection will be a nice long opportunity.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
NZDJPY is facing bearish pressure, potential for further drop Price is facing bearish pressure as it holds below both the descending trendline resistance and Ichimoku cloud, in line with our bearish bias. We could potentially see a further downside as price is testing our 1st resistance at 76.157, in line with our horizontal overlap resistance, 38.2% Fibonacci retracement and 100% fibonacci extension. A break below our downside confirmation level at 75.880 could provide the bearish acceleration to our first support target. RSI is showing a bearish breakout as well, in line with our bearish bias.