JPYNZD trade ideas
Bullish Trend Continuation Likely for NZD/JPYHello Everyone,
If NZD/JPY maintains its position above the monthly and weekly pivot points, we're poised for a continuation of the current trend. However, should the price dip below these levels, it could prompt further testing of support. Overall, the trend remains bullish.
TradeWithTheTrend3344
NZD/JPY reaches resistance level, probable sell set-upHello traders! NZD/JPY has reached the resistance level on the hourly chart.
As you can see in the chart, I have highlighted the resistance level with a rectangular
bar. To be precise, the level around 92.20 is the resistance
So far, we have seen a couple of bearish candlesticks in this level. So, if the level
remains unbroken, traders can consider selling NZDJPY@92.15-92.25 with stop loss
above the resistance level and TP at 91.56
NZDJPY Will Collapse! SELL!
My dear friends,
NZDJPY looks like it will make a good move, and here are the details:
The market is trading on 91.623 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 91.120
Recommended Stop Loss - 91.883
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
NZDJPY: Bullish Continuation is Highly Probable! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the NZDJPY pair price action which suggests a high likelihood of a coming move up.
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NZD/JPY BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
Previous week’s red candle means that for us the NZD/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 91.697.
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NZDJPYNZDJPY Price : 91.49
Trend : UP ( Due to the Upward channel on Daily chart )
Transaction: Buy
Reason : Upward channel on Daily & H4 time frame and the price has reached to support level on ( H4 ) in additional to oversold signal from Stochastic on ( H1 ) time frame .
Technical analysis failure at level : 91.00
Technical analysis success at level : 93.00
Clean price action on NZDJPYDear Traders,
As the New York session begins, we're seeing increased volatility in the market. I've observed a significant price action on NZDJPY, with the price breaking strongly above the previous resistance level, establishing a new range. I am now considering a long position, aiming to capitalize on the upward momentum and target the previous high.
Remember, simplicity and proper risk management are key in trading.
Best regards,
Tradebudz
NZDJPY D1 BUYHey traders, this is Rogue_Trader007. I have spotted NZDJPY as a good buy because it has a strong support level at 0.786 Fib level, which is also a hidden Divergence when combined with 14 period RSI. This makes a great entry as it usually shoot towards the 1.272 Fib level.
Making this a strong BUY.
Enjoy watching this idea and remember that patience is key in FOREX.
NZDJPY: Weak Market & Bearish Continuation
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the NZDJPY pair price action which suggests a high likelihood of a coming move down.
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