Nzdjpydaily
NZD/JPY daily bearishAgain, this pair is in a bearish channel, the price could touch the daily resistance before a bearish reversal.
NZDJPY LONG! Multiple Buy-Zones On DailyIdea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Follow, and Support channel for future content.
Thank you and happy trading.
NZDJPY - Short Position Price reversed at a strong resistance area and has touched the descending trend-line. Could drop further to 71.769 and below.
Counter Trend defined... NZDJPY Long trade setupPrice found support @67.5 making a Higher Low on the daily chart. I expect a Higher High from this point forward at least to the next historic Support/Resistance level @70.4 and maybe Price will flourish even higher close to 72.0 hitting the long term Down trend line.
NZD/JPY - Incoming Drop - 200 PipsNZD/JPY is making new lows and has currently broken the 200 EMA on the 4H chart.
We have 2 reversed hammer one by the side of the other meaning there is strong weakness.
For the next breakdown to begin right away, prices would have to not break the 200 EMA on the 4H chart (Which is the last high of the 2 reversed hammer candlesticks).
If it does break the 200 EMA up, then it will take a while for the move down to continue.
One could put a pending order at 74 so that as soon as the break happens, you can get in the move.
Trade safe.
NZDJPY (SELL) TREND CONTINUATIONDaily Candle Closes Bearish, SOLD @79.100. NEW resistance, Previous Support @ fair price levels
Buy NZDJPY Longterm Based on Multi Timeframe Trend ContinuationThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
NZDJPY Daily 200 SMA TestHere is a setup that I watch where the market is testing the daily chart 200 sma. As long as price can stay above the 200 SMA then the likelihood increases for more upside.
Important Fib Area NZD posted mixed figures yesterday, which continues the downtrend. It is entering my favorite area of fib retrace, that is inbetween 50.00% and 61.80%. I strongly believe it will consolidate around 61.80% and reverse. If not before. Waiting for confirmation over the next week.
