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Nzd-jpy

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 TheTrdrs
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
NZDJPY Approaching Support, Prepare For A Further Rise NZDJPY approached its support at 75.70 (50% Fibonacci retracement , horizontal swing low support, 100% Fibonacci extension ) where it could potentially bounce to its resistance at 76.17 (61.8% Fibonacci retracement , 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
NZDJPY: Bearish long term outlook.On the 1W chart the pair is neutral with mixed technical action (RSI = 53.224, MACD = -0.040, Highs/Lows = 0.0282). This is because every rally is being sold towards the long term 69.200 Support. What we paid attention to is the fact that the 0.618 Fibonacci retracement level has rejected twice the previous uptrends, creating Lower Highs and a Descending Triangle. This indicates that the price should trade sideways for some months within 73.000 - 78.250, before it eventually tests the 69.200 Support again. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 76.66 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance) where a strong drop might occur below this level pushing price down to our major support at 74.98 (horizontal swing low support, 61.8% 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 Bounced Off Support, Prepare For A Further RiseNZDJPY bounced nicely off its support at 75.70 (50% Fibonacci retracement, horizontal swing low support, 61.8% Fibonacci extension) where it could potentially bounce to its resistance at 76.55 (horizontal swing high resistance). Stochastic (89, 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
NZDJPY approaching resistance, potential drop!NZDJPY is approaching our first resistance at76.41 (78.6% Fibonacci retracement , 61.8% Fibonacci extension , horizontal pullback resistance) where we might see a drop in price to our first support at 75.44 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal overlap support ). Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Klimex
NZDJPY approaching support, potential bounce!NZDJPY is approaching our first support at 75.114 (horizontal swing low support, 61.8% fibonacci extension, 50% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 75.67 (50% fiboancci retracement). Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
NZDJPY approaching support, potential bounce!NZDJPY is approaching our first support at 75.00 (50% Fibonacci retracement, Horizontal overlap support, 61.8% Fibonacci extension) and a strong bounce might occur below this level pushing price up to our major resistance 75.81 (61.8% Fibonacci retracement). Stochastic (21, 5, 3) is approaching its support where a corresponding bounce 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
NZDJPY approaching support, potential bounce!NZDJPY is approaching our first support at 73.46 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) and a strong bounce might occur below this level pushing price up to our major resistance at 74.02(23.6% Fibonacci extension, horizontal pullback resistance). Stochastic (34, 5, 3) is approaching its support where a corresponding bounce 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 ICmarkets