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Nzdjpysignal

Best Entry Point For NZDJPYNZD - BULLISH 1️⃣ The unemployment rate handily beat the 5.6% forecast coming in at 4.0% and helped to push kiwi to trade well. 2️⃣ Risk-on market sentiment after top Democrats and negotiators from the White House say a deal on a coronavirus stimulus package could be reached by the end of the week and approved as early as the following week. JPY - BEARISH 1️⃣ The Japanese government plans to decide at a cabinet meeting on Friday to use over 1 trillion Yen from its reserves for responding to the COVID-19 epidemic, after added 1,200 new cases on Tuesday. ===== Technical ===== 📊 We're looking to long NZDJPY on RBS level + SMA50 area. 📊 NZDJPY in bullish zone.
Long
by MonsunAsia
NZDJPY, daily timeframe, Double Top and SHS pattern in playHello my friend, I noticed some good setup in NZDJPY as price making a potential double top pattern on the daily timeframe. Taking a deeper look into 4hr timeframe we could see another bearish pattern which is favorable to trade. It is a shs or shoulders head pattern. I am going to sell NZDJPY as there is 2 bearish patterns in play for this pair. Also keep in mind there will be NZD datas coming soon in less than 12 hours. Sell NZDJPY 70.00 Stop loss 70.65 Take profit 1 @69.10 Take profit 2 @68.20 I am selling NZDJPY from 70.00
Short
by HayatoDragonFX
NZDJPY - BEARISH BIAS#NZD - Bearish Mode Recap: 1️⃣ U.S.-China tensions were once again a focus after China ordered the closure of a U.S. consulate in Chengdu and US Secretary of State Mike Pompeo urged China’s citizens to help ‘change the behaviour’ of their government. 2️⃣ Negative performance was driven mainly by global risk sentiment moves. Review: 1️⃣ It’s another quiet week ahead on the economic calendar. Away from the numbers, private sector PMIs from China, COVID-19, and geopolitics will remain in focus. ===== #JPY - Bullish Mode Recap: 1️⃣ A weakening U.S Dollar stemming from the progress towards a COVID-19 vaccine supported the Yen. Also, this currency had been supported by risk aversion sentiment due to US-China tensions. Review: 1️⃣ Progress towards a COVID-19 vaccine would pin back any upside in the Yen. Support could come from the U.S administration, however.
Short
by MonsunAsia