Nzdjpylong
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 77.76 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 75.71 (horizontal pullback support, 100% Fibonacci extension, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and seeing a bearish divergence and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 77.83 (Horizontal swing high resistance, 61.8% and 50% fibonacci retracement, 100% fibonacci extension and a decreasing channel resistance) and a strong drop might occur pushing price down to our major support at 75.44 (Horizontal pullback support, 61.8% fibonacci extension, 50% fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance and also showing bearish divergence. Hence, we might see a corresponding drop in price should it reverse off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 78.08 (50%, 61.8% fibonacci retracement, horizontal swing high resistance, 100% fiboancci extension, descending channel resistance) and a strong drop might occur below this level pushing price down to our major support at 75.60 (Horizontal pullback support, 61.8% fiboancci extension, 38.2% fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 78.08 (horizontal swing high resistance, 61.8%, 50% Fibonacci retracement, 100% Fibonacci extension, descending channel resistance) where a strong drop might occur below this level pushing price down to our major support at 75.60 (horizontal pullback support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding rise in price should it react below this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 78.084 (horizontal swing high resistance, 61.8%, 50% fibaoncci retracement, 100% fiboancci extension, descending channel resistance) and a strong drop might occur below this level pushing price down to our major support at 75.638 (horizontal pullback support, 61.8% fibonacci extension, 38.2% fibonacci retracment).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Long NZD/JPY, target 75Technical Analysis: Bias Bullish
Support levels - 73.96 (55-EMA), 73.42 (20-DMA)
Resistance levels - 74.65 (110-EMA), 75 (trendline), 75.54 (21, 26th Sept)
Good to go long on dips, SL: 73.95, TP: 74.65/ 75
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 75.53 (horizontal swing high resistance, 100% Fibonacci extension, 61.8%, 50%, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 74.43 (horizontal pullback support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 74.412 (Horizontal swing high resistance, 100%, 61.8% fibonacci extension, 61.8% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 73.541 (Horizontal overlap support, 50% fibonacci retracement).
Stochastic (89,5,3) is approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 73.95 (horizontal overlap resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 73.58 (horizontal pullback support, 100% Fibonacci extension, 23.6% Fibonacci retracement).
RSI (34) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
[NZD/JPY] bullish is my only choice!It was 2015 NZD/JPY started falling.
The downward trend still exists.
But the price will have to rise first for a significant fall.
That is why I am expecting C wave(upside) now.
Then it will be transformed into a complete structure for the downside trend.
Even if the current price is reduced again,
the market's upward momentum will not change.
NZDJPY approaching support, potential bounce! NZDJPY is approaching our first support at 72.43 (Horizontal swing low support, 61.8%, 100% fibonacci extension, 78.6% fiobnacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 73.57 (horizontal overlap resistance, 100% fiboancci extension, 61.8% fibonacci retracement).
RSI (34) has seen a bullish exit and we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY - - BUY - be in it to win itTHE EXPECTED REVERSAL HAS NOW OCCURRED
NOW EXPECTED THIS TO MOVE UPWARDS TO
THE PREVIOUS HIGH
SEE PREVIOUS ANALYSIS
I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE
NZDJPY approaching support, potential bounce! NZDJPY is approaching our first support at 72.79 (Horizontal swing low support, 76.4% fibonacci retracement, 100% Fiboancci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 73.54 (Horizontal pullback support, 100% fibonacci extension, 61.8% fibonacci retracement).
Stochastic (89,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY buy limit triggered as pair makes higher high
Daily support level still holding up
Pair is making higher high
Buy limit triggered as pair retraces for the second time
Stop loss kept below the relative low as it would void the uptrend momentum
NZDJPY - UPDATE FOR THIS WEEKI AM EXPECTING THIS REVERSAL INTO THIS
RESERSAL RANGE BUFOR WE CONTINUE OUR
UPTREND. FOR ALL THAT ARE FOLLOWING I
AM SURE YOU WOULD HAVE SEE HOW GOOD
THIS HAS GONE.
SEE PREVIOUS ANALYSIS BELOW
LIKE, FOLLOW AND COMMENT
NZDJPY approaching support, potential bounce! NZDJPY is approaching our first support at 73.48 (horizontal overlap support, 38.2% fibonacci retracement, 100% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 74.13 (horizontal swing high resistance).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY TECHNICAL CHART - "Head and Shoulders Bottom (Reversal)"Pair: NZDJPY
Trade: Long
Time Frame: 4 Hour
Strategy: Head and Shoulders Bottom (Reversal)
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight into my trading techniques,
you should do your own due diligence and not take this information as a trade signal.
NZDJPY Triple Bottom ReversalNZDJPY market is overall in bearish bias but the market formed triple bottom on daily time frame with small tail pin bar on weekly TF from a strong support . On daily TF market printed bullish Price Action signal showing a reversal from strong Daily/Weekly Support Level (72.50-72.25). I suggest Bullish reversal upto 73.60 and 74.30.
Disclaimer:
Any post/comment is not a trading recommendation or investment advice but a thought shared by author who is not professionally certified or regulated to provide market research, analysis or investment advice. Author cannot be hold responsible for any loss occurs because of his comments. Manage your own risk.
