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Nzdjpylong

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.
Long
by Tickmill
5
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.
Long
by Nomikhan
Breakout Identified in USDJPYThe Breakout Opportunities system has just bought USDJPY at 114.455. The system recommends entering this trade at any price between 114.222 and 114.594. The signal was issued because the USDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.988, suggesting that the USDJPY may have further to rise. A stop loss has been set at the 24-hour low of 113.525 and a profit target has been set at the 1 Day ATR level at 115.011. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance. Signal ID: 59211 Time Issued: Wednesday, 03 October 2018 20:32:15 GMT Status: open Entry: 114.222 - 114.594 Limit: 115.011 Stop Loss: 113.774 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Long
by FXCM
5
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 74.73 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support target at 73.896 (horizontal swing low support, 61.8% Fibonacci extension, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (55) is also seeing a bearish exit 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.
Short
by easyMarkets
3
NZDJPY approaching resistance, potential drop!NZDJPY is approaching our first resistance at 74.12 (horizontal overlap resistance, 23.6%, 61.8% fibonacci retracement, 61.8% fibonacci extension, descending resistance line) where a strong reaction might occur pushing price down to our major support at 73.25 (horizontal swing low support, 50% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and is seeng a bearish divergence where we might see a corresonding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
NZDJPY approaching resistance, potential drop!NZDJPY is approaching our first resistance at 74.08 (horizontal overlap resistance, 23.6%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 72.35 (horizontal swing low support,78.6% 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.
Short
by easyMarkets
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 72.86 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8%, 78.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 72.38 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
NZDJPY Potential Monthly Reverse Head and ShouldersShown in this example is the Monthly timeframe of the NZDJPY where we are currently sitting at the potential formation of a right shoulder in a reverse head and shoulders pattern. At the moment this market is showing respect for the low that was established at the left shoulder right around the 73.11 level. The ability for this market to stay above the left shoulder around the 73.11 level will increase the likelihood that the long term pattern will evolve. This sets up for a major long term move that would take NZDJPY all the way to the 98 level. A move below the left should around the 73 level will invalidate this idea. So for the expected move toward 98 this turns out to be a huge move the expected risk associated with the idea.
Long
by Andy_Garcia_CMT_CFTe
3