NZD JPY SELL (NEW ZEALAND DOLLAR - JAPANESE YEN)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current levels for sell.
Nzd-jpy
NZDJPY Intraday Bearish Trend ContinuationI have a long term bearish swing trade bias on NZDJPY and the 4hr timeframe is now looking good for a further entry.
Nice retracement to the 0.618 and price support/resistance zone. Simple trend with lower highs and lower lows being made on this timeframe. Price has pulled back in to the 4hr 200EMA zone.
Price targets are on the chart.
NZDJPY high beta vs Safe haven Technical analysis shows a very strong upward trend.
But this view varies depending on the current situation and the functioning of the stock market.
NZD is the HIGH BETA currency and JPY is the SAFE HAVEN currency.
If the market is RISKOFF, the JPY will strengthen and the NZD will fall
If the market RISKON, the NZD will strengthen and the JPY will fall
NZD/JPY Bearish View / Top-Down Analysis🔸 DAILY CHART EXPLANATION:
.
.
🔸Price bounced at the Resistance Zone.
.
🔸It has broken the Ascending Trendline.
.
🔸We consider that this pair has bearish potential towards the Support Zone at 0.66300. However, we need to be careful with the middle Support Zone at 68.800.
.
🔸 Will look for a lower timeframe bearish setup.
🔸 4H CHART ANALYSIS:
$NZDJPY - Possible bearish gartleyHello guys!
Tracking down bearish gartley in this pair, current level is an important support, so if remains above - we will witness the uptrend anytime soon.
Bear in mind that there is also a possibility of the bearish crab pattern formation, watch for both patterns.
Good luck!
Two great Sell opportunities on this chart for NZDJPYMid-Term Forecast
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (71.670). 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 55.
Take Profits:
TP1= @ 70.95
TP2= @ 69.95
TP3= @ 68.72
TP4= @ 67.15
TP5= @ 66.05
SL: Break Above R2
-----------------------------------------------------------------------------------------------
Short-Term Forecast
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (71.6). 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 41.
Take Profits:
TP1= @ 70.95
TP2= @ 70.60
TP3= @ 69.95
TP4= @ 68.72
TP5= @ 68.20
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 do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
TRADE IDEAS: NZD JPYAfter Sell trend came to a zone of "Equal Highs and Equal Lows"... I would like to see expansion candles break up first and gain sell postion liquidity, then Stop Loss Hunt with a break lower of the average price (PINK LINE) and gain Buying Liquidity from people that will think to sell. Finally with the real move for the BUY
NZD JPY SELL (NEW ZEALAND DOLLAR - JAPANESE YEN)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current levels for sell.
Weekend Chart Mark-up's : NZD JPYIf you are looking for a buy or a sell I feel price will use these prior zones to find its way through structure in price movement .
NZDJPY plan d'actionNZDJPY est actuellement dans un range.
On constate qu'il est en train de former un triple top.
On peut entrer en short (vente) avec un stop loss au dessus dans la zone bleue.
Bon trade à tous
NZD/JPY Top of the rangePrice reached top of the range so we make trading simple and are waiting on break of that range or rejection and possible short entry with target at 69.800 where is solid support level.
NZDJPY (Everybody wants to go to heaven,but nobody wants to die)View On NZD/JPY (7 JULY 2020)
Everyone wanna go to Heaven but No one wants to die.
It seems like a sarcastic remark but looks deeper. It carries a very serious message.
If you join the trading world, thinking to make a quick buck, driving fast cars, and sipping cocktails by the pool, I am sure you are pretty disappointed by now.
Like some say, Trading is the most difficult way to get easy money.
now back to the chart. W are expecting the further rise of NZDJPY pairs "eventually" and soon, it shall try 72 and above. It may not have a 100% certainty but it is possible.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
NZDJPY In A Bullish DevelopmentHello traders,
NZDJPY is similar to AUDJPY recovering; we see NZDJPY breaking out of a corrective channel, which is a confirmation that wave 4 of a higher degree wave A is completed, and wave 5 underway. Wave 5 can now unfold a five-wave sub-structure, eyeing 73.6/74.2 level. That said, be aware of temporary pullbacks along the way.
In case higher degree wave A, and B had already completed, then latest recovery can be higher degree wave C, which can go beyond 73.0 mark.
Trade well,
the EW-forecast team
NZD/JPY - Short the Downtrend Line.Hey, I am back with another Forex Idea, this time looking at NZD/JPY.
The pair is downtrend and the strategy is simple, short at the downtrend line, where is also a resistance area.
Entry levels
SL 69.914 (-12)
EN 69.794
TP 69.504 (29)
Good luck with this trade!
Tibor
Swing Short NZD/JPYShorted clearly defined order block. Was expecting a bounce from outlined neutral Volume node, confluent with the daily 200, inability to flush back through this area will se me scratch trade and look for potential re entry higher!!
