Get started

Nzd-jpy

NZDJPY approaching resistance, potential drop!NZDJPY is approaching our first resistance at 72.32 (horizontal pullback resistance, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 70.80 (horizontal swing low support, 50% fibonacci retracement). RSI (89) is also approaching our resistance and we might see a corresponding drop in price should it drop below 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 easyMarkets
NZDJPY approaching support, potential bounce! NZDJPY is approaching our first support at 72.29 (Horizontal swing low support, 78.6% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 73.79 (61.8% Fiboancci extension, 23.6% fiboancci retracement). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce 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
Long
by Tickmill
EURUSD short term rally due towards 1.1650/1.1700 levels?The EURUSD finally dropped as expected and discussed earlier towards 1.1350 levels, to test fibonacci 0.618 support, before bouncing back. It is trading at 1.1380/85 levels at this point in writing, and could be preparing to push higher any time soon. Please note that immediate support could be noted as today's intraday low at 1.1342, followed by 1.1270 and 1.1213 levels, while resistance is at 1.1500 levels going forward. Looking at the higher degree wave counts, it remains intact with (A)-(B)-(C) unfolding as an expanded flat, with Wave (C) in progress at the moment. Ideally, the EURUSD should remain above 1.1213 levels if the above counts should hold to be true, and push higher towards at least 1.1800/20 levels, before reversing lower again. The medium term bullish outlook remains intact for now. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Long
by FXTM
2
EURUSD Wave (C) higher into progress towards 1.1800/20With volumes dropping around these times, EURUSD remains more or less unchanged for now and is seen to be trading close to 1.1400 levels. Please note that probability remains for a drop towards 1.1350/60 levels before resuming rally. The lower degree wave counts remain the same with wave iii unfolding since 1.1270 levels. If the above structure holds to be true, we could be witness a rally from ahead of 1.1270 levels towards 1.1700 levels respectively. Immediate price resistance is just above 1.1500, while support is at 1.1270 levels. Overall, medium term bullish sentiment should hold until prices stay above 1.1213 levels. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Long
by FXTM
1
1.1270 is a strong support for EURUSD going forward!The EURUSD almost rallied through 1.1500 resistance yesterday, before pulling back lower. The single currency is seen to be gaining momentum on larger time frames and 1.1270 looks to be a strong support now. It is seen to be trading around 1.1460 levels at this point in writing, looking to produce a pullback before resuming rally. Please note that any intraday or interday pullback/correction should ideally remain well capped above 1.1270 mark. A higher degree wave count ((A)-(B)-(C)) suggests that an expanded flat could be in the making now and it would be confirmed soon as price action unfolds. At a lower degree, wave iii could be underway from 1.1270 levels and could exceed 1.1650 levels going forward. It remains to be seen whether Wave (C) is unfolding into 5 waves or not. Overall, EURUSD remains a buy on dips candidate, until prices stay above 1.1270 levels. Please watch for support coming in between 1.1350/70 levels in case of correction. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Long
by FXTM
1
EURUSD remains buy on dips against 1.1213 levels!The EURUSD rallied through 1.1439 levels yesterday before pulling back lower again towards 1.1360/70 levels. It is trading around 1.1412/15 levels at this point in writing, looking to print lower towards 1.1350 levels before resuming rally. Structurally, the EURUSD could complete an up gartley at 1.1350 levels before turning higher towards 1.1650 and higher. Please note that it is a safe trading strategy to buy on dips towards 1.1350/60 levels, with a stop loss below 1.1213 and potential targets as 1.1650 and 1.1800/50 respectively. Looking at the lower degree wave counts, wave iii or c seems to be in progress since 1.1270 levels, within the higher degree Wave (C)that began from 1.1213 levels earlier. If the above structure holds true, we could see prices rallying swiftly towards 1.1650/1.1700 levels going forward. Overall, bullish structure remains for now, against 1.1213 levels. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Long
by FXTM
1
EURUSD progressing into Wave (C) higher towards 1.1800?The EURUSD is trading above 1.1400 levels at this point in writing, looking to target 1.1500 levels in the short term. As discussed earlier, it took out interim resistance at 1.1400/10 levels yesterday before pulling back lower. Please note that possibility remains for a dip lower towards 1.1340/50 levels, before resuming higher again. Looking at the lower degree wave structure, wave iii , within Wave (C), seems to be in progress at the moment and potential targets could be 1.1650/1.1700 levels. The medium term wave structure remains the same for now, with a potential expanded flat (A)-(B)-(C) unfolding since 1.1300 lows earlier. A push above 1.1500 resistance will confirm and accelerate the rally, going forward. Overall, a safe trading strategy could be to remain long against 1.1213 for now. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Long
by FXTM
EURUSD higher low in place at 1.1270 levels?Last Friday, the EURUSD pair had made lows at 1.12700 levels before bouncing back. It is seen to be trading around 1.1340 levels at this point in writing after having made an intraday high at 1.1360 levels. It could be possible that EURUSD has carved a meaningful higher low at 1.1270 levels and it is now preparing to push higher towards 1.1650 and further. Looking at the recent wave counts, the EURUSD seems to be carving out a higher degree corrective structure labelled as (A)-(B)-(C)? on the chart presented here. At the moment, Wave (C) is being carved out and a lower degree waves i and ii seem to be in place at 1.1473 and 1.1270 levels respectively. If the aove structure holds to be true, we could witness a sharp rally towards 1.1700 levels as wave iii unfolds. Furthermore, prices should remain above 1.1213 levels if the above structure should remain intact and valid. Overall, a medium term bullish outlook remains intact. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Long
by FXTM
NZDJPY approaching resistance, potential drop!NZDJPY is approaching our first resistance at 77.45 (horizontal pullback support, 61.8% fibonacci extension , 61.8% , 38.2% fibonacci retracement ) and a strong drop might occur above this level pushing price down to our major support at 76.85 (100% fibonacci extension , 76.8% fibonacci retracement ). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding rise in price should it bounce 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 Tickmill