Get started

Nzd-jpy

NZDJPY close to a breakout in symmetrical triangle patternHello, my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price is currently inside the Symmetrical triangle pattern. One can wait for breakout. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So, let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
by Ryan_lopes
NZDJPYWe will be looking into 1D chart to look for our next move on this pair. First we have to say that we are still in long term descending channel on 1W chart and we have shorter term (since March) ascending channel on 1D chart. Where are we now? we are close to upper line of both channels and we have to see how the pair is going to react to two strong resistance lines and that will determine its future. we expect continuation to the upper line of 1D channel, after huge accumulation we witnessed in second quarter of this year, which is going to put on the test 1W channel. Our simpler view is that we expect price to go to 71.000 and than 72.000 where will be our TPs. Facts: - Ascending channel on 1D chart - Ascending trend line on 1D chart - rejected support line on 69.000 - Double bottom formation Good enough for us to go into the trade but since we have to respect long term formation we will put TPs in respected levels. If you like this idea, please LIKE it and leave a comment below. As a reminder, please, for your protection, apply 1-2% risk management policy. Check our other ideas as well. Best of luck and profitable week to all!
Long
by ProfitDesk
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 ❤️
Short
by ForecastCity
16