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Nzdjpyshort

NZDJPY AnalysisMost of my analyzes are based on chart patterns. Chart patterns for me have good accuracy. On this currency pair, based on the falling wedge pattern, the price may fall to 44, this target is conservative. Falling Wedge is one of Reversal Patterns. Of course all predictions / patterns can be missed. If you look at the current movement, bearish is so strong, brokeout volume also strong, the possibility to reach the target based on the existing pattern is not impossible. Note : I don't give buy and sell signals. All my posts are just ideas. If you want to apply, do your own analysis first, make sure it matches your analysis. If not, then just trash this idea. So that you won't disappointed and blame the other party when everything does not fit the analysis.
by daltray
1
NZDJPY SELLI only trade AUD AND NZD related pairs. I closely monitor CHINEESE STOCK MARKET, NEWZEALAND AND AUSTRALIAN ECONOMY to do my analysis. After years of fx trading, I've found, it's best to trade with 1 or 2 currency pairs. Narrow focus brings the best result in the forex market. I try to post and update my trade ideas every week. Follow me, if you like my analysis. I use both fundamental and technical analysis to generate trade ideas. I don't feel comfortable to place orders based on just some random indicators. I look for strong fundamental reasons and these indicators help me to achieve a great risk to reward ratio. May we all gain some Pips. Happy trading... I also manage investor's funds and give forex signals. Feel free to contact me if you are interested. Feel free to contact me for any forex related issue CONTACT INFO: Email: mr908fardun@gmail.com Telegram and what's app: +8801610226090 MYFXBOOK: FARDUN908
Short
by FARDUN_RUMON
1
NZDJPY bearish outlook!Hey guys, on NZDJPY i am expecting bearish pressure to continue directing the market. -Weekly descending trendline has been respected -Lower high formed on Daily chart -Now in bearish sequence on 4h chart FOR THIS TRADE TO BE VALID WE MUST SEE A DAILY BREAK OF TRENDLINE, FOLLOWED BY A NEW LOW, AND THEN WAIT FOR PRICE TO CORRECT & REJECT A FIB LEVEL TO ADD CONFLUENCE TO THE TRADE. Currently this is just an overall analysis and forecast rather than a trade idea.
Short
by tomstewy
1
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