Nzdjpybuy
NZDJPYNZDJPY
Multitimeframe analysis
1D
As we can see on 1Day chart market formed a nice double top pattern at the supply zone and price rejected from it nicely , we can expect to see a major drop in it.
4H
As we can see on 4Hour chart market got rejected from the demand zone , but at the same time market creating a lower low. so, we might see a price rejecting from a trendline in the near future.
1H
As we can see on 1Hour chart market created a Fresh Higher High by breaking the previous Lower high and also market breaked the previous trendline support level. We can expect it to rise till 4H trendline level.
NZDJPY LONG! 4HR! Earlier Idea is Daily, this here is 4Hr-- Not that much of a difference--
59.391- 65.18 is all time Buy-Zone.
Price above 65.18 will be above trend-line (positive territory) not included on chart.
Note: Idea is to complement your research.
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Thank you and happy trading.
Small buy inside channel for NZDJPYHi guys. Hope you are having a wonderful week. Almost all pairs are running in CHANNELS in this market condition. So we have analysis on NZDJPY. The pair seems to be in a downtrend channel but is currently at its SUPPORT. Our analysis is that the pair will hit the support and will go to the RESISTANCE TREND LINE. One can take a buy call and close it as soon as you get a decent profit.
Views welcome from all our fellow traders. Thank you.
Ryan.R.Lopes
Perfect buy entry in NZDJPY (D1 and H1)Hello friends. Here is an analysis on NZDJPY. As we can see in D1 the pair is going in descending broadening pattern and the pair is respecting every support and resistance points inside that channel. Currently the pair hit the support line and started going up. One can take a buy call from here. We have also posted another analysis of H1. As per H1 the pair is in descending triangle pattern and is close to its support level. Our analysis is that the pair will hit the support line in H1 and then break the triangle pattern and move upwards.
Let us know your views guys Thank you.
Ryan.R.Lopes
NzdJpy- correction underway?After breaking-down the consolidation just above 70 zone, NzdJpy fell hard last week, the pair losing 300 pips (almost 5%), with most of the losses done on Friday.
The pair stopped its descent just in 67 area support and, with the price being so far from its 50 EMA, a correction could follow.
The next important resistance comes into place at 70 old support.
Looking to buy
Trading Pathways Analysis of NZDJPY H4 Chart
The outlined white arrow pathway is the predicted pathway that the NZDJPY will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where NZDJPY will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways