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NZDJPY

LONGS ON THE NZDJPY PAIR The general directional bias on NZDJPY is long , because both on the daily and weekly price is making higher lows, price is respecting the lows and breaking highs. Presently we are looking at price consolidation, after breakout from a bullish channel. Next we would be looking to break to the upside to fill the liquidity void resting above that consolidation, target is to fill that void, and watch price show its hand, to know what direction is next. But for now, we are LONG on NZDJPY
Long
by IRONSIDE-
NZDJPY resistance could prove difficult to breakdwon.NZDJPY - 24h expiry - We look to Sell at 84.95 (stop at 85.80) Previous support located at 83.00. Previous resistance located at 84.50. Indecisive price action has resulted in sideways congestion on the intraday chart. Resistance could prove difficult to breakdown. Risk/Reward would be poor to call a sell from current levels. Our profit targets will be 82.80 and 82.50 Resistance: 84.50 / 85.00 / 85.50 Support: 83.00 / 82.50 / 82.00 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
Low Risk and High Return TradesOn the right(Daily Chart) is the main highlight of the week. Having the Double-Headed Head and Shoulders trading setup that fulfils my trading filters for Head and Shoulders. That being said to engage a trade-off, the Daily Chart is something I seldom do. I'm looking for a buying opportunity of a lower timeframe, such as the Bullish Gartley Pattern on the intra-day timeframe, the 15-minute chart to engage this trade and extend my target, known as my in-house combo trade, trading management. In this instance, I will have a much lower-risk and insane high-profit potential and the profit factor will be off the chart.
Long
by RaynLim
NZDJPY > Bullish Wedge Pattern at Entry Point!!Analysis of #NZDJPY Hi traders, today we will have a look at #NZDJPY looking at the NZDJPY chart you can see we have a wedge pattern after strong momentum to the upside as you can see the pattern completed at the Fibonacci 618 golden level which is also a key market level of 83.00 If the market comes and tests Fibonacci 618 again I will drop to the lower time frame and look for confirmation we are turning polish before entering a boy trade with a good reward to risk I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
by TheTradersAvenue
21
NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS#NZDJPY By now MARKET RISK is ON. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. NZD CPI DATA is also very high. LABOR DATA is also very POSITIVE for NZD. JPY may be somewhat WEAK in the next few days. However, NZDJPY should be slightly BUY with upcoming JPY WEAKNESS. Anyway, if the PRICE falls back on the NZDJPY MAIN SUPPORT LINE, it is possible to BUY if the MARKET RISK ON continues. And 81.79 LEVEL can be SELL temporarily. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF. Anyway, after that, you can definitely BUY at 88.10 LEVEL. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY
by benny_marshall
1