Nzd-jpy
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.
NZDJPY Symmetrical Triangle Chart PatternA symmetrical triangle pattern has emerged, and looks like it is coming close to the end of the chart pattern.
Price has tested the 70.000 key level a few times and bounced back up from it within the current consolidation.
This suggests to me that the price will break out of the consolidation and continue the uptrend.
This could play out to get some big pip gains.
NZDJPY Sell SignalPattern: Channel Up on 1D.
Signal: Sell as the Channel Up is on Lower Highs with the price near the 2 year Lower High trend-line and the RSI being rejected on its 2 year Resistance Zone.
Target: 64.000 (just above the Support).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
NZDJPY breaking support 🦐The market after a siderange move is now breaking the yellow structure.
On the 4h chart we can look for a nice short order with a first tp at the structure in blue.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
NZDJPY | DAILY SESSION | LONGLooking for a drive back up towards the VWAP. This might be a patience game but we have a good stoploss at 70.300
Big Picture View
Strong: NZD
Weak: JPY
This trade is valid until 09/07/2020 @ 9 pm BST.
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🐉 HAPPY TRADING 🐉
NZDJPYTF: 4 Hr
Breakout of the consolidation zone may push price to test the tops here...potential 125-pip trade to the upside. Bullish divergence can be seen on the RSI to confirm this.
NZD/JPY Daily Forecast (7th July)NZD/JPY has a key level near the price. If the support line breaks, the price will probably go up to the trend line. The awesome oscillator is also below zero, which supports the idea.
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 - Long FlashcardNZD JPY - Long Flashcard
- Bullish trend
- Presented the same way as GJ (refer to previous flashcard)
- Double bottom formation off of 200 ema
- First leg presented with a RSI hook into the volatility bands
- Second leg came for the same low and presented an entry with a break plus close above 13 ema and RSI volatility band cross
- TP (could be at initial high of day but i moved stop to break even at that point) at RSI hook back into the volatility bands and cross signal line for 25 pips
- A close above the 50 ema could have also been used here for entry
Don't miss the great buy opportunity in NZDJPY Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (68.777). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 70.520
TP2= @ 71.104
TP3= @ 71.590
TP4= @ 72.650
TP5= @ 73.490
SL= Break below S3
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Now, It's your turn !
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Don't miss the great buy opportunity in NZDJPY Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (68.777). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 70.520
TP2= @ 71.104
TP3= @ 71.590
TP4= @ 72.650
TP5= @ 73.490
SL= Break below S3
❤️ 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 ❤️
NZDJPY ANALYSISNZDJPY rebounded from demand zone at level 68.20
Pair is based above HVN at level 68.89
Price broke key level at 69.80
Above SMA 100
MACD shows bullish momentum
It's expected the continuation of bullish movement to target supply zone at 71.60
NZDJPY SHORT TRADE SETUP FOR SWING TRADE.NZDJPY SHORT TRADE SETUP FOR SWING TRADE.
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
NZD/JPY Analysis Due to the fact that theres downward pressure on the higher time frame (4hr) I believe that bears are winning at the moment. Meaning I am looking for short positions. BUT, I need help understanding what to do if price is still over 200 EMA AND consolidating at a tested support zone. If my predictions are right, there will be a break of support, making a new LL, then price will retest the prior support, which is now resistance. Following the retest, price will then continue the downward trend breaking through LL making new LLs. Price is also forming a descending wedge. Adding confluence to the short position. Please, let me know what you think!
UPDATE!! SHORT NZDJPY inside a megaphone range 🦐After our last call on this pair the market hit exactly where we expected and went back down.
Now the market could give us another opportunity to enter.
IF the market will manage to break the structure in blue and close the 4h candle below it we can look for a nice short order according to our strategy.
For the one that already are in since our last call you go risk free on the trade.
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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 Plancton0618 strategy will trigger.
NZDJPY testing resistance, potential reversal | 18 June 2020Price is facing bearish pressure from our resistance in line with our 61.8% retracement and 100% extension where we could see a reversal below this level.
