Nzd-jpy
ANALYSIS ON NZDJPYHello 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 the analysis.
As we can see, the price hit its resistance and it is going down. One can place a sell stop at 65.850/800
Let us know your views on this in the comment section. Thank you all.
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Ryan.R..Lopes
NZDJPY - Selling the top of the range NZDJPY is Bearish - We look to Sell at 66.08
▪️ Negative overnight flows lead to an expectation of a weaker open this morning.
▪️ Price action continued to range between key support & resistance (66.16 - 63.46) and we expect this to continue.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 66.08, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 66.25
Target1: 65.00
Target2: 64.50
NZD/JPY What to Expect by ThinkingAntsOk🔸 4H CHART EXPLANATION:
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🔸 Price has been moving on a range for a few weeks.
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🔸 Right now it is facing the Resistance Zone, which was tested multiple times and could not be broken.
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🔸 If price bounces, it has potential to reach the Support Zone again, and, if it breaks to the upside, then it has potential to make an upside move towards the Resistance Zone.
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🔸 Will look for a lower timeframe setup when the scenario is clear.
🔸DAILY CHART ANALYSIS:
NZDJPYConsolidation zone, will we go back down? or break above? If price breaks above, I will be looking for re-test and long till 71.000
NZDJPY SHORTHello, here is my analysis for NZDJPY. Let me know in the comment section if you guys have any questions. If you like my analysis please hit like. Thanks.
NZDJPY - Limited upside within the bearish channel NZDJPY is Bearish - We look to Sell at 65.40
▪️ Trading within a Bearish Channel formation.
▪️ We have a 78.6% Fibonacci pullback level of 65.29 from 65.79 to 63.46.
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 65.40, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 65.85
Target1: 63.95
Target2: 63.50
NZDJPY Price has broke above our "Make or break" Zone This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
Don't miss the great buy opportunity in NZDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (64.1). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 65.05
TP2= @ 66.00
TP3= @ 66.73
SL= Break below S2
Don't miss the great buy opportunity in NZDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (64.1). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 65.05
TP2= @ 66.00
TP3= @ 66.73
SL= Break below S2
NZDJPYThe support has been rejected as we can see. The Bear wasn't able to break that wall once again after already trying several times. Guess she will have to go up once more(Bullish TP 1) to bounce on that wall harder. Or even go higher(Bullish TP2) to make sure the bounce is backed by a harder force to break that support.
NZDJPY SHORT TRADENZDJPY rebounded from supply zone at level 66.10
after forming bearish harmonic pattern
MACD shows bearish momentum
It's expected for coming bearish wave to target demand zone at level 63.50
NZDJPY LONG TRADENZDJPY rebounded from demand zone at
level 63.85 with strong bullish movement after forming false breakout
Pair is in sideway trend
MACD shows start of bullish momentum
RSI is above level 50
It's expected to target supply zone at level 66.10
NZDJPY - Selling strength this morning NZDJPY is Bearish - We look to Sell at 64.46
▪️ Short term momentum is bearish.
▪️ A Fibonacci confluence area is located at 64.52.
▪️ Bespoke resistance is located at 64.46.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 64.46, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 64.76
Target1: 63.56
Target2: 63.00
NZDJPYTF: 4 hr
Looking for price to fall out of the trend line and continue downwards. Price could also bounce to the upside here so I am waiting for a break and retest
NZDJPY approaching support, potential bounce! | 6 May 2020Price is approaching our first support in line with our 78.6% fibonacci retracement , swing low support and ascending trend line where we could see a further push up to our first resistance level . A break above our intermediate resistance would see a further push up to our first resistance level . Please also refer to the video analysis below for a step-by-step guide on how we got these levels. Cheers!
NZDJPY approaching support, potential bounce! | 6 May 2020Price is approaching our first support in line with our 78.6% fibonacci retracement, swing low support and ascending trend line where we could see a further push up to our first resistance level. A break above our intermediate resistance would see a further push up to our first resistance level. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too. Cheers!
NZD/JPY Potential Bearish Move by ThinkingAntsOk🔸 4H CHART EXPLANATION:
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🔸 Price tried to break the Resistance Zone multiple times, but it couldn't.
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🔸 We observe that the Ascending Trendline has been broken, and price has been moving sideways since then.
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🔸 It has broken the 4H Structure to the downside last night, so, we consider that there is bearish potential here.
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🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
8H NZD/JPY SHORTOn the Daily timeframe, we can see a bearish flag pattern in play.
On the 4H timeframe, we can see a clear strong move to the downside and is now testing the support, or bottom of the flag. I am watching for a break of this support to enter to the short side.
Don't miss the great sell opportunity in NZDJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (65.1). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 64.28
TP2= @ 63.73
TP3= @ 63.10
SL: Break Above R2
NZDJPY - Buying at the trend of higher lows NZDJPY is Bullish - We look to Buy at 64.85
▪️ Short term momentum is bullish.
▪️ Bespoke support is located at 64.82.
▪️ The trend of higher lows is located at 64.82.
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 64.85, resulting in improved risk/reward.
Stop: 64.65
Target1: 65.70
Target2: 66.00
