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Nzdjpylong

NZDJPY Fundamental Analysis – August 29th 2019Here are the key factors to keep in mind today for New Zealand Dollar trades: New Zealand ANZ Activity Outlook and ANZ Business Confidence: The New Zealand ANZ Activity Outlook for August was reported at -0.5 and ANZ Business Confidence was reported at -52.3. Forex traders can compare this to the New Zealand ANZ Activity Outlook for July which was reported at 5.0 and to ANZ Business Confidence which was reported at -44.3. Australian Capital Expenditure: Australian Private Capital Expenditure for the second-quarter decreased by 0.5% quarterly. Economists predicted an increase of 0.5% quarterly. Forex traders can compare this to Australian Private Capital Expenditure for the first-quarter which decreased by 1.3% quarterly. Australian Building Capital Expenditure for the second-quarter decreased by 3.3% quarterly. Forex traders can compare this to Australian Building Capital Expenditure for the first-quarter which decreased by 1.9% quarterly. Australian Plant & Machinery Capital Expenditure for the second-quarter increased by 2.5% quarterly. Forex traders can compare this to Australian Plant & Machinery Capital Expenditure for the first-quarter which decreased by 0.5% quarterly. Here are the key factors to keep in mind today for Japanese Yen trades: Japanese Buying Foreign Bonds and Japanese Buying Foreign Stocks/Foreign Buying Japanese Bonds and Foreigners Buying Japanese Stocks: Japanese Buying Foreign Bonds for the period ending August 23rd was reported at -¥911.9B and Japanese Buying Foreign Stocks was reported at ¥234.8B. Forex traders can compare this to Japanese Buying Foreign Bonds for the period ending August 16th which was reported at ¥499.8B and to Japanese Buying Foreign Stocks which was reported at -¥105.6B. Foreign Buying Japanese Bonds for the period ending August 23rd was reported at -¥103.5B and Foreigners Buying Japanese Stocks was reported at ¥3.9B. Forex traders can compare this to Foreign Buying Japanese Bonds for the period ending August 16th which was reported at -¥52.1B and to Foreigners Buying Japanese Stocks which was reported at -¥359.6B. Japanese Loans & Discounts: Japanese Loans & Discounts for July increased by 2.40% annualized. Forex traders can compare this to Japanese Loans & Discounts for June which increased by 2.73%. Japanese Household Confidence: Japanese Household Confidence for August was reported at 37.1. Forex traders can compare this to Japanese Household Confidence for July which was reported at 37.8. Should price action for the NZDJPY remain inside the or breakout above the 66.300 to 67.250 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 66.800 Take Profit Zone: 69.600 – 70.000 Stop Loss Level: 66.000 Should price action for the NZDJPY breakdown below 66.300 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 65.800 Take Profit Zone: 63.550 – 64.250 Stop Loss Level: 66.300
by PaxForex
AND ANOTHER ONE.. NZDJPYPrice has clearly broken bearish and we are in a clear downtrend. Price is currently as point of support which is price is currently respecting. We may potentially see price move up at re-test 71.028 .We can potentially see price move bearish from this point toward our target at 66.629. Stop loss marked at 220 pips - Manage your risk accordingly! Risk to reward 1:2 I will be making an educational post on risk management, and how to properly calculate your position sizes. This a MAJOR key in your trading. Hit that follow to be notified when i do post it!
Short
by Malika_Analysis
Analysis of NZDJPY 22.08.2019The price is below the moving average of 20 MA and MA 200, indicating the downward trend. MACD is below the zero level. The oscillator Force Index is below the zero levels. If the level of support is broken, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 67.50 • Take Profit Level: 66.50 (100 pips) If the price rebound from a support level, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 68.50 • Take Profit Level: 69.00 (50 pips) USDCHF A possible long position at the breakout of the level 0.9830 USDJPY A possible short position in the breakdown of the level 106.20 EURUSD A possible short position in the breakdown of the level 1.1065 GBPUSD A possible short position in the breakdown of the level 1.2100
by PaxForex
Kiwi Yen looking bullish (40 pip intra move)Bullish Shark Setup: Long NZDJPY Daily and 1Hour Bullish Reasoning: -reaction off of the daily bullish trendline -price cleared previous support, which should become support again Entry Trigger: Aggressive- Limit order at 72.46 Conservative- Buy a bullish harmonic on the 1-5 minute timeframe if we get a pullback -Today's largest amount of volume occurred at 72.46 (bullish market movers) They should push price up when it approaches again. stop loss reasoning: You could put your stop around 72.30 below the swing low, but i am more aggressive and i will be using a 10 pip stop and i'll use that second volume node i have labeled as my last line of defense take profit reasoning: that is where the most amount of BEARISH transactions occured because price when sideways as banks built positions then they moved it downward, the reversal zone for the shark to switch into a 5-0 is also right at that price point as well. 72.80. I believe this trend is getting tired of going up so my TP is conservative here, if entry is triggered and price makes a new high i will move to break even. -Peace, Love , and Profits
Long
by elevatedinvestor