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Nzd-jpy

NZDJPYLooking for a break low. I do not think this is the turn around yet even though we have a daily double bottom weekly and monthly trend is still BEARISH. Until we break the downward range on daily we will stay bearish. Should we get an INV head n shoulder with a double bottom head and right shoulder formation around 70.30 then the possibility of a turn around on weekly can become more probable. A break above July 22nd HIGH with a daily close will also make this bullish. Stay bearish until then!
Short
by AschraM
Don't miss the great buy opportunity in NZDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (68.15). 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 76. Take Profits: TP1= @ 68.87 TP2= @ 69.67 TP3= @ 70.24 SL= Break below S2
Long
by ForecastCity
10
Don't miss the great buy opportunity in NZDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (68.15). 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 76. Take Profits: TP1= @ 68.87 TP2= @ 69.67 TP3= @ 70.24 SL= Break below S2
Long
by ForecastCity
11
Bearish Setup on NZD/JPY4H CHART EXPLANATION: On this timeframe we observe that this pair was strongly rejected at the Supply level at 69.600, that was the confluence zone between the Descending Channel and the Resistance Zone. At this moment it is consolidating on a corrective structrure that was broke last night, so, we expect a pullback to the broken structure to continue the downside movement. The first target is the Support Zone at 66.700, and if this zone is broken then price has potential to reach lower zones as the Bottom of the Descending channel. DAILY CHART:
Short
by ThinkingAntsOk
Don't miss the great buy opportunity in NZDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (67.950). 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 55. Take Profits: TP1= @ 68.37 TP2= @ 69.68 TP3= @ 70.30 SL= Break below S2
Long
by ForecastCity
1
Don't miss the great buy opportunity in NZDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (67.950). 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 55. Take Profits: TP1= @ 68.37 TP2= @ 69.68 TP3= @ 70.30 SL= Break below S2
Long
by ForecastCity
2
Full Analysis on NZD/JPY by ThinkingAntsOkDAILY CHART EXPLANATION: On daily timeframe, we observe that price broke the Support Zone (now Resistance Zone) but then bounced at the Bottom of the Descending Channel. At this moment it is facing the Resistance Zone, so we have two possible scenarios here. The first scenario is that price breaks the resistance zone and manages to consolidate above, which enables the possibility of an upward movement towards the Descending Trendline. The second one, is that the price fails to break the resistance and bounce in the current zone, which would lead to another bearish movement as explained on the Weekly Chart. WEEKLY CHART:
by ThinkingAntsOk
1
Easy 300+ pips, dont miss! - NZDJPY - BUYAfter analysis i can say we will have much more bigger UP trend. NZD is gain power from last trade deal talk last week, NZD is today the strongest currency. JPY is have not to much good results today on economy events GDP is stay same on 0.3%, in last 1-2 weeks JPY is have oor economy results yo ucan check them in economy calendar, and today is one of weakest currencys. TP1: 69.130 ENTRY: 68.830+- SL: 68.400 Chart time frame - 1D Time for reaching TP - 8 - 72 hours More information soon! Telegram link in section about me! Follow, Like, Share or Comment Thanks on supporting! All best!
by UnknownUnicorn3983388