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Nzdjpyidea

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.
by mohdsad32
1
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. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1
NZDJPY long trade ideaPlan : wait for the price to decelerate and 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. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1
NZDJPY - Ascending Triangle Break-down Sell Opportunity| 1:2 R/R📢NZDJPY 4H - Technical Breakdown 📈Price levels have been respecting the ascending support over the last 3 weeks. The current market price appears to be losing momentum as it tests the overhead resistance at 65.950 for the third time. 📊A break to the down-side breaching the ascending support will present a good risk to reward sell opportunity entering when price levels breach the 50 EMA @ 65.100 for confirmation and looking to take profit around the 63.300 support region just passed the POC (Point of Control) for the visible trading range at 63.811.
Short
by SmithTradeSmart
2
NZDJPY long trade ideaPlan : resistance level breakout --> 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. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
4
NZDJPY: A comprehensive Analysis. Will it reverse soon?NZDJPY has been showing a lot of strength of late. After breaking through the all-important support of 72 during last July and plummeting to 66, NZDJPY has recovered all its losses. For the last 3 months, NZDJPY has been rallying consistently. This has happened due to better risk appetite in the markets. Looking at the sentiment, I can assume that a lot of retail traders are short on this pair. In fact, retailers have been selling this all throughout December. So, is there any hope for the sellers? Technically, NZDJPY has reached the 100 week EMA which can dampen the rally. Secondly, it has also reached a descending Trendline Resistance, which has stopped the price on previous occasions. And, most importantly, price is now at the Broken Support zone which can obviously work as a strong resistance now. So, technically, there is a good chance for the sellers. However, the market doesn't work as per colorful lines and patterns on our chart. It works when the institution step in. Based on price action, I can definitely say that the rally is overextended at this point. We have also seen the presence of institutional sellers in the 72 area. So, if I see price struggling here or a strong downward impulse, I will sell this market. Some kind of triggers such as bad economic data or risk-off events can push the price downward.
Short
by YourLazyTrader
1
NZDJPY Sell Trades are still validI mentioned about selling NZDJPY at 73.25 in my previous analysis. As you can see we are already 50 pips down from that point and I believe there is a long way to go. NZDJPY rally failed at two crucial areas: 1) The 100 Week EMA 2)Descending Trendline Resistance. In addition to the technical factors, there are other fundamental aspects such a correction in the stock markets can happen very soon which will lead to a sell-off in risky assets like NZD. So, I will continue to sell NZDJPY in the 72.75-73.50 area with SL above 74. If the trade goes into profit, we can take profit at 72, 71.30 and 70.02.
Short
by YourLazyTrader