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Nzd-jpy

NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 76.62 (horizontal swing high resistance, 100%, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level to our major support at 75.22 (horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
NZDJPY BUYTechnical Analysis: This is a riskier trade than usual, price has already reached 100% but has not closed beneath it. These trades offer the best risk to reward ratios but should be used sparingly and only entered with small risk and one position. But another reason I took this trade is because the NZD and AUD correlation looks to be bullish according to the setup. Confirmations: - Break above the consolidation and all previous highs to the left on the 1h - Fib Pullback into kill zone - Price did not close beneath the 100% level - AUD & NZD bullish bias For a more in depth article visit: esoterictrader.com www.esoterictrader.com
by EsotericTrader
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 76.62 (horizontal pullback resistance, 100%, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level to our major support at 75.22 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 76.62 (horizontal pullback resistance, 100%, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level to our major support at 75.22 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
NZDJPY approaching resistance, potential drop!NZDJPY is approaching our first resistance at 76.62 (horizontal pullback resistance, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level to our major support at 77.22 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
NZDJPY Short - *SIMPLE DAY TRADE*I am currently in a short position on NZDJPY based on the rejection retest of the broken trendline but this is another opportunity to short this FX currency using my simple day trade method. 15minute flag pattern forming 3rd touch of top TL rejecting daily pivot Lower high on the 15min chart Rejection of fib 0.618 SL is 10 pips above the current high. I have 2 profit targets marked on... Daily S1 and daily S2 level if there is a lot of bearish momentum. ENJOY! :)
Short
by UnknownUnicorn772665
4
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 76.62 (horizontal pullback resistance, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level to our major support at 77.22 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
NZDJPY Short Trade - LT Swing Trade *High R:R*I have been waiting for a decent long term short entry on NZDJPY for some time. Since the original sell off at the end of last year, price as been correcting and forming a large bearish wedge continuation pattern on the daily/4hr chart. We have now seen this wedge broken out of to the downside with a 4hr lower low made. I am now looking to enter on the next 4hr lower high which should then coincide with a retest of the broken wedge trendline and the Fib 0.618 or Fib 0.786 retracement levels. I will only enter when I see these retracement levels holding strong.
Short
by UnknownUnicorn772665
NZD/JPY 100 PIP BULLISH RUN TO 76.50 ??? On the higher timeframes such as the daily chart we can see that NZDJPY seems to be consolidating between 75.00 and 76.50. We can see that on Friday price closed giving us a decent low test candle on the daily bouncing off our support level (75.00) forming a beautiful double bottom pattern. Ideally we would of wanted the body of the candle to be smaller or a longer wick as this would of given us more bullish confirmation. However with the MA (moving average) acting as a dynamic support, rejecting price on Thursday and Friday I am happy to remain bullish on this pair. Moving to the lower timeframe we can see a strong descending trendline on the 1HR chart that has held nicely over the past week. However, during Fridays session we can see a break of our trendline. The move wasn't drastic but the break and retest of our Moving Average gives me more reason to believe this is not a 'Fakeout' move. My intraday S/R Level of 75.50 was also broken and retested adding confluence. During the next week we could see price push towards the 76.50 area with a nice 100pip bullish run.
Long
by 1Shomari
Chaos looms: meltdown in sight. Mario Draghi made an honest assessment of the Eurozone today, which wasn't rosey. The big money wasn't happy with this. Stock markets and Forex around the world were thrown into some degree of chaos. All stock indices were affected - proving once and for all - that we are all part of a global economic system. What happens in the Eurozone or in America, simply does not just stay in those regions. In this screencast, I show where I've suffered in holding to my confidence in the indicators, from that important technical perspective. And now I'm in a no-loss position. If the market moves south, I shall follow - no need for targets or price levels. The markets show me entry points and decide exit points. Just to be clear - hope and luck are not part of my equation.
OANDA:US30USDShort
by Captain_Walker
NZDJPY Approaching Support, Prepare For A Further Rise NZDJPY approached its support at 75.53 (61.8% Fibonacci retracement , horizontal swing low support, 61.8% Fibonacci extension ) where it could potentially bounce to its resistance at 76.11(61.8% Fibonacci retracement ). Stochastic (55, 5, 3) is bounced off its support where a corresponding rise could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Klimex