NZDJPY - SELLWait for confirmation and price to break through support before putting in a sell to the green area
Nzdjpyidea
NZD/JPY Technical Analysis.Currently, NZD/JPY is trading at 68.53. The pair is consolidating in the resistance and support wedges. Previously, the pair was trading in a down trend and after touching the support level it started consolidating in the resistance and support levels. If the price breaks the resistance level at 69.54, then it may start a new up trend and its target price will be at 71.42. If the price breaks the support level at 68.13, then it may start a new down trend and its target price will be at 66.48.
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Rishikesh Lilawat
NZDJPY - SELLAs we can see price closed below support so we are in a sell and looking to TP somewhere near the green area
NZD/JPY Technical Analysis
The counter has been declining steadily ever since it hit the high of 71.663.
However, it has now found support the levels of 68.226 amid testing it twice.
It has formed a bullish pinbar followed by three white soldiers, which is a powerful reversal signal.
Further, it has crossed the bearish trendline with a strong bullish candle.
Hence, we expect the pair to move to resistance placed around 70.000 level.
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
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GWBFX
nzdjpy short set upthis pair might not be ready this week, but it is setting up for a good short if that flag structure develops during this week. Will be monitoring this throughout the week. There is a possible drop through the support floor, will be looking out for that possible outcome for an entry.
NZD/JPY Technical Analysis.Currently, NZD/JPY is trading at 70.26. The pair is trading in up trend from 26th may after breaking resistance level at 66.10. Altough, the pair has already touched its first target at 67.68 and second target at 69.26. Now the pair has already crossed its second target and entered the resistance zone.
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Thank you,
Rishikesh Lilawat
NZDJPY DOANDA:NZDJPY After the breakout of the daily range of this pair last 2 weeks, it finally going long hopefully a major resistance @ 69.99 zone will hit in coming days as the Ichi cloud breakout confirm possible support for long traders
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 as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
NZDJPY SWING TRADING BUY SETUPOANDA:NZDJPY has been consolidating on the daily lows which right now the price is making new daily highs.
SL: 65.407
TP1: 68.129
TP2: 69.900
NZDJPY reversed from resistance, potential drop!
NZDJPY reversed off its resistance at 67.025 where it could potentially drop further to 65.734.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDJPY M30If price follows the ghost pattern on the chart, then drop should follow. Patience is key.
NZDJPY reversed from resistance, potential drop!
NZDJPY reversed off its resistance at 67.025 where it could potentially drop further to 65.739.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZD/JPY - Price Approaching Supply Zone With Bullish Momentum
Price has made a push past respected resistance @64.758 with strong momentum, indicating a reversal of bearish trend prior
Bullish EMA cross occured, adding confluence to bullish bias
Will wait for a corrective phase before looking to BUY this pair
JXY, Japanese Yen index is showing long term weakness
NZDJPY bounced from support, potential for a further rise!
NZDJPY bounced off 64.180 where it could potentially rise further to 64.771.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDJPY potential reversal!
NZDJPY expected to rise up to 1st resistance at 65.274 where it could potentially react off and drop down to 1st support at 63.832.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
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 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
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
NZDJPY upward move for the short termAs shown in the chart, a short term bullish move can be expected in NZDJPY, especially after positive news came of NZD's CPI announced earlier today. A short term upward move with the next resistance 65.050 levels can be expected.
