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Nzdjpylong

Symmetrical Triangle with Breakout in NZDJPY Towards 78.50Trend Analysis The main view of this trade idea is on the 30-Min Chart. The FX Cross NZDJPY is in a symmetrical triangle setup. The support trend line is connected by the 76.50 and 77 high lows while the resistance trend line is connected by the 78.11 and 77.60 lower highs. Expectations are for a breakout higher, with a target of 78.50. A failure of this setup will be observed if NZDJPY were to decline to 76.855. Technical Indicators NZDJPY has positive crossovers on its short (50-MA), medium (100-MA) and long (200-MA) term fractal moving averages. The RSI is greater than 50 and there has been a positive crossover on the KST. Recommendation The recommendation will be to go long at market, with a stop loss at 76.855 and a target of 78.50. This produces a risk/reward ratio of 1.48. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have a position in NZDJPY.
Long
by Ceddy86
nzdjpy longif we look on the daily chart it look like invented head and shoulder patern, the price is currently on the demand area and 50% of fibonacci retracement which has moving price upward once (marked with number 4) and now the price is rejected upward from the same demand area on the 4 hours chart, the price close below trendline and moving up again and close above it, and its look like an invented head and shoulders pattern. so, we expect the price will go continue moving upward. for another reference you can check on the link below. thank you.
Long
by indrmrgn
NZDJPY TECHNICAL ANALYSIS 27092021Fibonacci retracement levels connect any two points that the trader views as relevant, typically a high point and a low point. The percentage levels provided are areas where the price could stall or reverse. The most commonly used ratios include 23.6%, 38.2%, 50%, 61.8%, and 78.6%. These levels should not be relied on exclusively, so it is dangerous to assume the price will reverse after hitting a specific Fibonacci level. from investopedia NO INVESTMENT ADVICE
Long
by volkancetin
NZD/JPY SHORT SELL LONG BUY NOW.... DEAR TRADERS, IF YOU WANT TO PERFECT BUY ENTRY. PLZ! WAITE TO BREAK OUT TREND LINE. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad
Long
by AronnoFx
NZDJPY - Bullish BiasNZD - Weak Bullish 1️⃣ Recovered from a massive sell-off last week after Fed Officer Robert Kaplan considered delaying a reduction in Fed stimulus. 2️⃣ A positive market environment benefits high-beta currencies such as the NZD. 3️⃣ New Zealand retail sales jumped 3.3% in Q2. 4️⃣ New Zealand’s trade balance is also projected to rise in July following a surge in the manufacturing PMI. JPY - Weak Bearish 1️⃣ The recovery in the stock market is pressing demand on the safe-haven currency JPY. ===== Technical ===== We are buying NZDJPY after it bounced at the support level. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
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