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Nzd-jpy

EURUSD remains bullish until prices stay above 1.1213 levelsThe EURUSD pair seems to be bound in a range between 1.1500 and 1.1300 levels since last several trading sessions. The higher degree wave structure still remains constructive for bulls with a potential rally towards 1.1650 or 1.1800/20 levels. After printing an impulse wave lower from 1.2550 through 1.1300 levels, we are expecting a 3 wave corrective rally to unfold as an expanded flat or a triangle. Furthermore, Waves (A) and (B) could be in place as labelled here and Wave (C) could be unfolding at the moment. For the above structure to hold true, prices should stay above 1.1213 levels going forward. Only ab break below that consistently, would change our bullish stance. For now, it is safe to buy on dips ahead of 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
NZDJPY 60 Cloud Pullback "homerun" tradeAlthough the Monthly and Daily are up, there is, imho, a high probability, low risk pullback trade setting up NZD which has been on a Great Bullish run is showing signs of weakeniing, specifically, on the Daily charts of NZDCHF and NZDUSD both finished yesterday with Doji's GBPNZD and EURNZD were both Spinning tops. NZDJPY had a bearish decision candle, although not an engulfing certainly the strongest of all the pairs against NZD. Their has already been a bearish cloud breakout but with a retracement back into the cloud Trade setup: Entry = 78.14 (the 60 Kejun Sen) Stop = 78.78 (10 pips + 2 for spread above the Senkou A) Risk = 37 pips Profit Target = 76.23 (the Daily Kejun Sen) Reward = 218 pips RRR = 5.8 - 1
Short
by AGold54
10
BULLISH BREAK OUT Last week's fundamental news on NZD was able to result to a strong bullish trend DAILY CHART -Price broke key resistance zones( 74.423,74.952,75.938,76.285) -Current price shows a retest of the new bullish trend (hence i recommend a buy limit to secure more pips) WEEKLY CHART -Key support zone at 72.524 -Price broke out around 75.398 to the upside therefore satisfying buying pressure MONTHLY CHART -Key support zone around the price of 73.421 -A sideway trend is noticed BUY= TP1-77.139 TP2- 80.379 SL-75.516
Long
by stivmuiruri
EURUSD structure remains intact towards 1.1650 at least!The EURUSD remains unchanged from what was discussed earlier and seems to be on track towards 1.1650 levels at least, until prices stay above 1.1213 levels. It is seen to be trading around 1.1420 levels at this point in writing and should continue pushing higher towards the above targets. Please note that a push above 1.1500 levels would confirm and accelerate momentum for the bullish structure discussed earlier. Looking into the wave counts, EURUSD is still unfolding into a corrective (A)-(B)-(C), that is expected to unfold as an expanded flat or a triangle. In case of an expanded flat unfolding, we could see prices pushing towards 1.1800/20 levels at least, while a triangle could find resistance at 1.1650 levels. Overall, the medium term bullish structure 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
EURUSD proceeds towards Wave (C) to 1.1650 and up to 1.1820!Finally we could see the EURUSD terminating its lower degree Wave ii yesterday at 1.1267 levels, closer to our projected one! It is seen to be trading around 1.1390 levels at this moment of writing and we could see it pushing further higher in acceleration. Looking into the wave counts, we have a lower degree wave i (terminated at 1.1472) and wave ii (terminated at 1.1267) in place now and wave iii could be on its way towards 1.1650 levels at least. Please note that EURUSD is progressing into Wave (C) at a higher degree at this point and could unfold as an expanded flat or probably a triangle. In case of an expanded flat, we could see potential target hitting 1.1820 levels at least. Overall, the medium term outlook remains bullish 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
EURUSD still finding Wave ii termination? Could be 1.1280The EURUSD dropped lower than what was expected as a potential wave ii termination point, around 1.1320 levels. It trades close to 1.1290 at this point in writing and is expected to find support around 1.1275/80 levels as fibonacci 0.786 support passes through. Looking into the wave structure, wave i and ii counts still remain valid as presented on the daily chart here. A higher degree wave (C), could be unfolding as an expanded flat or a triangle and prices could push through 1.1800 or at least 1.1650 levels respectively. It remains to be seen where EURUSD would terminate its wave ii. For the above scenario to remain valid, prices should hold above 1.1213 levels going forward. Overall, medium term outlook remains bullish . 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
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 77.36 (horizontal swing high resistance, 76.4% Fibonacci retracement, descending channel resistance, where a strong drop might occur below this level pushing price down to our major support at 76.83 (100% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and seeing a bearish divergence 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
EURUSD terminates wave ii at 1.1305 ?EURUSD print a lower low at 1.1305 levels today before pulling back, and is at 1.1320/25 levels at this point in writing. We discussed probability of EURUSD dropping to 1.1312 levels before resuming rally and if this is the case, it could be safe to assume that the lower degree wave ii (highlighted on the chart presented here), terminated at 1.1305 levels. Looking at the short term counts again, EURUSD could be ready with waves i and ii (at 1.1473 and 1.1305 levels respectively) and wave iii could be on its way. Please note a higher degree wave C could be unfolding into 5 waves with potential targets at 1.1650 and 1.1820 levels respectively. Overall, the bullish momentum could stay, until prices stay above 1.1213 levels, going forward. 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