Nzdjpyanalysis
NZDJPY - BEARISH BIAS#NZD - Bearish Mode
Recap:
1️⃣ U.S.-China tensions were once again a focus after China ordered the closure of a U.S. consulate in Chengdu and US Secretary of State Mike Pompeo urged China’s citizens to help ‘change the behaviour’ of their government.
2️⃣ Negative performance was driven mainly by global risk sentiment moves.
Review:
1️⃣ It’s another quiet week ahead on the economic calendar. Away from the numbers, private sector PMIs from China, COVID-19, and geopolitics will remain in focus.
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#JPY - Bullish Mode
Recap:
1️⃣ A weakening U.S Dollar stemming from the progress towards a COVID-19 vaccine supported the Yen. Also, this currency had been supported by risk aversion sentiment due to US-China tensions.
Review:
1️⃣ Progress towards a COVID-19 vaccine would pin back any upside in the Yen. Support could come from the U.S administration, however.
NZDJPY / SHORT IDEA / STILL BELIEVE THIS WILL TAKE A TUMBLEI believe this will take a big fall, price appears to be heading towards its previous high and is moving away from my key level
I am going to wait until price breaks this support zone and the trend line before selling
NZDJPY - SHORT IDEAPrice has spiked up towards its previous high, I see divergence and im expecting price to break this zone and retest before shorting
Long Position on NZD/JPY 4HHello Traders!
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UPDATE ON NZDJPY LONG TRADEHello traders, this is the update on the NZDJPY trade that I forecast on Jul 20. Check the previous forecast below. Let me know if you guys have any questions. If you like my analysis please hit like and follow. Thanks.
NZDJPY Long Trade PlanHello traders, here is the trade plan for GBPJPY. ENTRY RULES :- Wait for the price to retest the decending trendline and then watch the price on lower timeframe for entry. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
NZDJPY / DECENT SELL / 1000+ PIPSAs we can see from the chart, price has broken through support and is now consolidating above another level of support
It did this previously and then dropped to the next support level
I expect the same thing to happen here, just waiting for confirmation before we take the sell
NZD/JPY Bulls Rejecting BearsGood day, snipers. Here in the NZD/JPY, we can see an overall uptrend so I would only be looking for longs. Next is the long term support zone on the weekly time frame, combined with the short term support zone on the hourly time frame, and also in unison with the 50 Fib Level. Descent risk : reward ratio while risking only 10 pips. If price makes a lower low, I am out with -10 pips.
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NZDJPY Head And Shoulder Reversal Pattern TopNZDJPY is forming Head and shoulder pattern at the top, which is a trend reversal pattern. According to the per chart pattern analysis, we might see a downside in NZDJPY from the current level. One can initiate the short side trade with proper risk management at stop loss at the current level.
Thank You
NZDJPY - SOON SELLFrom what I can see price is heading for its resistance zone before dropping again, once it reaches this area I will be looking for longer sells
NZDJPY - SELL INCOMINGI anticipate price will reach its previous level of reistance before any major moves happen, we can go long on this for the time being but im going to wait until i see confirmation of a fall
I can see a pretty big fall coming $$$
NZDJPY long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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GWBFX
250+ PIPS!? SELLPrice is consolidating in the support area.. wait for breakout and price to close below support then sell to target area
NZDJPY Long trade update and short trade planHey guys, here is the trade plan for NZDJPY. As you guys can see we have a resistance level @71.565 and now we just have to wait for the price to come to our sell zone. For trade entry details, please refer to the chart. Let me know in the comment section if you guys have any questions. If you guys like my analysis please hit like and follow. Thanks.
