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Nzdjpysignal

NZDJPY - Ascending Triangle Break-down Sell Opportunity| 1:2 R/R📢NZDJPY 4H - Technical Breakdown 📈Price levels have been respecting the ascending support over the last 3 weeks. The current market price appears to be losing momentum as it tests the overhead resistance at 65.950 for the third time. 📊A break to the down-side breaching the ascending support will present a good risk to reward sell opportunity entering when price levels breach the 50 EMA @ 65.100 for confirmation and looking to take profit around the 63.300 support region just passed the POC (Point of Control) for the visible trading range at 63.811.
Short
by SmithTradeSmart
2
NZDJPY Continues to press against Resistance. What's next?Recovery in the global markets has reduced the demand for safe-haven Japanese Yen(JPY) while simultaneously, lending support to risk assets like AUD and NZD. Thus, we have seen a recovery in NZDJPY as well. But, how long will it last? In my opinion, the stock market hasn't bottomed out yet. There could be another leg down soon when the threat of an economic meltdown begins to show up. That being said, NZDJPY has hit a crucial area. A strong break of this zone will see NJ reach 67 and beyond. On the other hand, if price reverses here, the support levels I mentioned could come into picture.
by TraderAvDM
8
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
NZDJPY has formed triple bottom patternminor support level has brought price up on my previous analysis (link attached below!), now price formed triple bottom formation and might bring NZDJPY continue its upward movement, wait for horizontal resistance breakout before placing any buy order. be patient! Plan : horizontal resistance breakout --> wait for prices to bounce off from horizontal support --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
2
NZDJPY buy on H4Plan : wait for price to bounce off from horizontal support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
NZDJPY trade idea on H1NZDJPY soared high after the announcement of interest rate by RBNZ, currently we area seeing price form a falling wedge pattern and giving us long trade opportunities. Plan : wait for prices to bounce off from horizontal support --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
8
Trading Pathways Analysis of NZDJPY H4 Chart The outlined white arrow pathway is the predicted pathway that the NZDJPY will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where NZDJPY will turn. PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK. Eiseprod of Trading Pathways
Long
by Trading-Swing-Pathways