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Nzd-jpy

NZDJPY over a monthly support 🦐NZDJPY is on a strong bullish trend. The price last week broke above the monthly resistance still inside the daily ascending channel. According to Plancton's strategy, if the conditions 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.
Long
by InkyGrip
8
NZDJPY: An upcoming TREND CORRECTION!Hi 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 : On the 18th of January 2021, the price bounced on its wedge's trendline, getting a strong bullish impulse. Once it broke the daily S/R zone at about 74.500 and re-tested the dynamic trendline, the price moved up until its wedge dynamic resistance line. It is currently re-testing the same level and the next price action will be essetial to understand the next market movement. 🔴 Conclusion : In the h4 and daily perspective, the price is clearly following a constant uptrend and it has currently reached the dynamic resistance of its wedge pattern, I'm confident to see an upcoming trend correction until its support zone at about 74.600. I'll be waiting for a proper rejection on the current level before planning my short position on this trade. A possible entry point on this trade could be the level at about 75.450 (place an alert and keep this pair in your watchlist!). 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
Short
by FXtrades-gp
30
Unsustained Breakout Failure Play on NZDJPYSee Signposts for key price action details. 75.5 level unlikely to hold supported. Payoff is greater on the downside as level looks to invalidate. Position size reduced as this is counter-fundamentals NZD is a relatively stronger currency as new Zealand's Q4 unemployment hints at V-shape recovery potential. On the other hand, Japan is one of three countries at risk of a double-dip recession. While all central banks are looking to keep their currencies at relatively lower values, this will be more so the case with BOJ.
Short
by FinancialGamblR
2
Beyond fundamental analysis I’d like to share some informative knowledge about the importance of following currency strength and sentiment. I am forecasting this long continuation for EURCHF based off knowing major currency strength and sentiment. I forecast EUR to be third for currency strength and sentiment among major currencies to open the market. I can summarize this by observing CAD being the strongest currency as all major currencies against CAD are selling off (including JPY pairs which is second as EUR is correcting to sell off against JPY) I know CHF is weak as EUR broke key resistance against CHF into a buy off. CHF buyers pumped its pairs to higher resistance followed by huge pivots across the board (most noticeably CHFJPY). Furthermore I am forecasting USD being weaker than EUR as we saw USDCHF dump to end the weak. Now we have accurate placements for strongest To weakest for half the major pairs CAD, JPY, EUR, CHF, USD to start. Now I take a look at GBP and see it is selling off against CHF while EURGBP pivoted off a major support. Furthermore GBP is in a clear sell off against CAD, JPY and USD. Now our strength and sentiment placement is CAD, JPY, EUR, CHF, USD, GBP. Our remains major currencies AUD and NZD are the weakest in strength and sentiment. Both currencies are selling off against all major currencies however AUDNZD is looming at a key support. A pivot and continuation will dub NZD the weakest. A breach through support will dub AUD the weakest. GBP is also in a volatile state against both currencies leaving the possibility of GBP being the weakest pending the trend play outs. This is super detailed so please ask questions and comment. I feel like this is a great fundamental strategy for all to learn. Thank you.
by Pika7993
2
NZDJPY a bearish move? 🦐NZDJPY on the daily chart after the last impulse couldn't make new highs. The price after the first bearish leg bounces over minor support and retraced to the 75 area, now look for a new lower low. According to Plancton's strategy, if the conditions will be satisfied, we can 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.
Short
by InkyGrip
16
NZDJPY: Is the price COLLAPSING under its TRENDLINE?Hi 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 November 2020, the price has been moving following an interesting ascending channel, reaching its main resistance zone at about 75.540 on the 8th of January 2021. The price then collapsed, bouncing back on its main trendline but not able to reach again the previous level. It has currently re-testing the trendline and the next price action around that area will be essential to understand a possible breakout. 🔴 Conclusion : Overall, the NZD is giving us a short opportunity, the market is showing clear signs of weakness and I'm confident to see an upcoming breakout of its trendline. I'll be waiting for the price reaching the level at about 74.000 before planning my short position on this trade. 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
Short
by FXtrades-gp
10
NZDJPY - Potential Short?Hey traders, NZDJPY formed a bearish flag pattern and price strongly rejected the resistance level marked in red, the RSI was also showing a clear divergence on the 1 hour timeframe indicating potential bearish momentum. Price is currently breaking the support trend line of the bearish flag so I will be looking for short positions. If you find this idea helpful... Leave a like as it is much appreciated👍 Follow for future ideas❤ Comment below on what you think🗨
Short
by fxpays
5
NZD/JPY on a Perfect Bullish TrendGood morning traders, today we will analyze the NZD / JPY pair in both daily and 4H charts so that you can see what we expect in the short term in this instrument. 🔸First of all, we want to mark that for most of the year 2020 and so far in 2021, the NZD/JPY is in a strong bullish movement. 🔸It recently broke a strong Resistance zone, and retested it last week, where there was a remarkable upside rejection. 🔸If we decrease the timeframe to 4H, we see a perfect corrective pattern, where the trendline of the move was broken, so we can expect an upward continuation towards the next resistance in the short term.
Long
by ThinkingAntsOk
2