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Nzdjpylong

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
Long
by Ryan_lopes
1
NZDJPY New AnalysisHi Traders, here is the full Update Analysis / Breakdown for NZDJPY. Keep this pair on your watch-list. Conditions - 1.Wait for confirmation(Wait For Price Action Confirmation / Market Environment Change ) 2.Use Risk Management (Risk 1% of your capital) 3.Do your Own analysis! 4.Follow for more Analysis like this! 5.Always Be reactive & Not Predictive ! A like and a comment will create more Free Analysis & Forex Education. Your Support is Appreciated! See You in the next Educational Video / Analysis Global Fx Education
Long
by Global_Fx
2
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 has formed triple bottom patternminor support level has brought price up on my previous analysis (link attached below!), now price formed triple bottom formation and might bring NZDJPY continue its upward movement, wait for horizontal resistance breakout before placing any buy order. be patient! Plan : horizontal resistance breakout --> wait for prices to bounce off from horizontal support --> 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
2
NZDJPY buy on H4Plan : wait for price to bounce off from horizontal 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