NZDJPY LongsLooking for a rejction off the 50 or 61.8 fib level to take this up towards the fib extension targets.
Nzd-jpy
NZDJPY: The price is still FOLLOWING its ChannelHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
NZD/JPY
⚪ Technical Analysis :
Since the end of January 2021, the price has been following a clear ascending channel, leaving its main trendline and starting a new uptrend, bouncing few times on its secondary trendline.
Today it broke through a daily S/R zone at about 76.600, getting a rejection (see the pin bar) on its dynamic channel's line.
The price is currently moving down, approaching a new re-test of the previous S/R zone.
🔴 Conclusion :
The monthly and daily perspectives are still following an uptrend, so I'll be looking for long positions on this trade.
I'm confident to see the price getting a bullish impulse after it will re-test and probably consolidate on the S/R zone at 76.600.
The price is cleary moving over the EMA 100, than a proper rejection will be a nice long opportunity.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
NZDJPY is facing bearish pressure, potential for further drop Price is facing bearish pressure as it holds below both the descending trendline resistance and Ichimoku cloud, in line with our bearish bias. We could potentially see a further downside as price is testing our 1st resistance at 76.157, in line with our horizontal overlap resistance, 38.2% Fibonacci retracement and 100% fibonacci extension. A break below our downside confirmation level at 75.880 could provide the bearish acceleration to our first support target. RSI is showing a bearish breakout as well, in line with our bearish bias.
NZDJPY is approaching support | 17 Feb 2021Price is approaching support where we could see a bounce above this level.
NZD JPY SELL (NEW ZEALAND DOLLAR - SWISS FRANC)Hi there. Price is forming a reversal pattern to change its direction.
Watch strong price action at the current levels for sell.
What I'd love to see on NZDJPY!Akin to my previous forecast on USDJPY, price is now on my resistance trendline. probabilities
NZDJPY: BUYWith our fundamental bias, understanding that Japanese Yen is expected to stay weak for the next 4-6 weeks, we can take advantage of some bullish setups for NZDJPY for the next 4 weeks.
Right now price is at a nice Bullish entry as a front-run for next week.
Enter your BUY order around 75.615 and your Take Profit price at 76.284 (always make sure to set a conservative SL for yourself if your account isn't quite large yet).
NZDJPY - Ready to SHORTEntry break of trendline with stops above the high.
Aiming for the major trendline
Confirmation:
- MACD divergence
- Wedge resistance
NZDJPY - Ready to SHORTEntry break of trendline with stops above the high.
Aiming for the major trendline
Confirmation:
- MACD divergence
- Wedge resistance
NZDJPY LongsNZDJPY has broken above the previous highs on the H4 timeframe.
We will be looking for rejections off one of the fib levels to take us towards our take profit target (-61.8 fib extention level).
NZDJPY over a monthly support 🦐NZDJPY is on a strong bullish trend.
The price last week broke above the monthly resistance still inside the daily ascending channel.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NZDJPY SHORT TRADENZDJPY is based below resistance level at 75.60
Price broke minor uptrendline
MACD shows bearish momentum
RSI is in downtrend
we r waiting price to break support level at 75.40 to open short trade
It's expected to target major uptrendline near HVN level at 74.79
NZDJPY - SHORT - MACD DivergenceNZDJPY could have potentially made a double top and on its way down. Wait for correction to break on smaller timeframe before entering with stops above the highs.
We also have MACD divergence, indicating that the pair is toppish and will be reversing soon.
NZDJPY - SHORT - MACD DivergenceNZDJPY could have potentially made a double top and on its way down. Wait for correction to break on smaller timeframe before entering with stops above the highs.
We also have MACD divergence, indicating that the pair is toppish and will be reversing soon.
NZDJPY: An upcoming TREND CORRECTION!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
NZD/JPY
⚪ Technical Analysis :
On the 18th of January 2021, the price bounced on its wedge's trendline, getting a strong bullish impulse.
Once it broke the daily S/R zone at about 74.500 and re-tested the dynamic trendline, the price moved up until its wedge dynamic resistance line.
It is currently re-testing the same level and the next price action will be essetial to understand the next market movement.
🔴 Conclusion :
In the h4 and daily perspective, the price is clearly following a constant uptrend and it has currently reached the dynamic resistance of its wedge pattern, I'm confident to see an upcoming trend correction until its support zone at about 74.600.
I'll be waiting for a proper rejection on the current level before planning my short position on this trade.
A possible entry point on this trade could be the level at about 75.450 (place an alert and keep this pair in your watchlist!).
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
NZDJPY is approaching resistance, potential reversal Price is facing bearish pressure from our first resistance where we could see a reversal below this level.
Unsustained Breakout Failure Play on NZDJPYSee Signposts for key price action details.
75.5 level unlikely to hold supported. Payoff is greater on the downside as level looks to invalidate.
Position size reduced as this is counter-fundamentals
NZD is a relatively stronger currency as new Zealand's Q4 unemployment hints at V-shape recovery potential.
On the other hand, Japan is one of three countries at risk of a double-dip recession. While all central banks are looking to keep their currencies at relatively lower values, this will be more so the case with BOJ.
