NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS- NZD FEATURE The NZD FEATURE currently stands at 0.6478 LEVEL. JPY FEATURE is getting a bit DOWN right now. The JPY FEATURE is a bit UP with the RISK OFF of the previous days. Stay tuned for the VIX INDEX. Currently VIX is getting somewhat DOWN. The NZDJPY price is ready to move higher than the DYNAMIC LEVELS.
- Currently the OVERALL MARKET is showing a NEUTRAL BIAS. STOCKS is currently showing a GREEN RISK ON SENTIMENT. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES shows a DOWN SIDE BIAS. Currently the market has a NEUTRAL BIAS. Therefore, in the future, all NZD CAD AUD currencies may be UP or DOWN relative to JPY CHF currencies.
- NZDJPY price may be slightly UP before DOWN to 84.77 LEVEL according to MARKET STRUCTURE. Then the NZDJPY price can be DOWN. It may be down to 78.51 LEVEL. So look at the REACTION of STOCKS MARKETS, VIX, SNP500 MARKETS.
Nzdjpybreakout
NZDJPY Will Go Down !!NZD-JPY is trading in an uptrend
In an ascending channel but the pair
It retests the rising resistance AT 84.500
Which is coupled with the fact that
The pair is overbought and with
Bearish price movement on lower time frames
I think we'll see a price drop soon
With the aim of retesting the horizontal support below at 78.700
NZDJPY BREAKOUTLook at the above chart and as you can see that it has given the BREAKOUT of the upper TRENDLINE. There is great probability that from here it will go upwards after consolidating 3-4 days near the TRENDLINE area.
KEYPOINTS
ENTRY- 77.700-78.000
STOPLOSS- 76.452
1st TARGET- 79.262
2nd TARGET- 80.955
Trading Idea Regarding NZDJPYThis pair is going bearish for the rest of the week
1-If we look weekly time frame its clear that this pair ended its corrective move so we expect another impulse move to the downside( i will post weekly chart in comment kindly check it out if you want)
2-Descending Triangle Chart Pattern
NZDJPY: NFP Madness - GET READY!!!This chart should give you a clear picture of the money distribution that needs to occur before we see the next strong move.
I think NFP will push the price past this wick before collapsing.
NZD has been a beast in the markets, New Zealand is facing increasing pressure from COVID issues but the price continues to rise.
Classic manipulation but it must come to an end.
What do you think of this analysis?
NZDJPY: Brief RetracementsDown she goes!
I am expecting to fade a sell here on the pullback of the bullish run.
Price wiped both highs to the left but left some bullish liquidity trapped on the way up.
I believe now may be the right time to take a plunge at sells.
The team has been involved since the morning.
NZDJPY ANALYSISJust as our previous analysis explained, we have seen a break above the current level of resistance.
We now have price pulling back to the level.
If price finds support here, with bullish confirmations, we would be going in for longs.
Stops would be below this level, with targets at a new high in the trend. Trade with the trend. Trade Safe.
NZDJPY - Zone to ZoneYesterday's collapse filled some of the imbalance from the strong move up.
We are now trading around a previous order block and showing signs of rejection, could this be signs of some bullish momentum prior to NFP?
Ideally, I would like to buy here to the higher OB but I will wait for further confirmation.