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Nzd-jpy

NzdJpy....still bullish until maybe....There might be possibility of a reversal pattern of h&s on this pair. But if it doesnt form, likely more upside for this pair! #shadowingthebigboys #trading #forex If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Tradingview Disclaimer Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys
NZDJPY running at +187 PIPS / 2.62% gain...are you in? we are!OUR STRATEGY EXPLAINED: The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Long
by RossTyler
Weekly FX Wrap: a thorough ‘PR’ workout for currency markets...Weekly FX Wrap: a thorough ‘PR’ workout for currency markets DXY As alluded to in the title of this week’s FX review, the ‘pandemic resurgence’ and ‘paring of risk’ to the point of position liquidation at times have been primary drivers of overall direction and sentiment, but the Dollar has also benefited at the expense of the Euro in wake of the ECB essentially confirming expectations for ‘policy recalibration’ in December. To recap, COVID-19 cases and deaths are still rising at a rapid rate with many countries seeing exponential growth in the number of new infections on a daily basis to consecutive record highs, and regrettably little sign that the current wave is breaking. Meanwhile, although vaccine trials have restarted after pauses due to problems with earlier clinical tests, official approval from the various medical bodies and distribution remains some way off, to leave Governments with little alternative aside from tightening restrictions further or even reverting to almost full states of lockdown. Moreover, some health experts are pointing to a fresh variant of the virus in Europe, and while the US is also suffering new peaks of contamination in some states the situation is deemed less severe, relatively speaking. Hence, the Greenback has regained a strong safe-haven bid with the index hovering just shy of 94.000 and a 94.105 best vs 92.784 at the other end of a wide spectrum. EUR In stark contrast to the buoyant Buck, Euro depreciation due to the coronavirus and contagion have been exacerbated by the aforementioned downbeat and dovish tone of the latest post-ECB statement and press conference from President Lagarde. In short, official guidance was ‘enhanced’ by the addition of a new bullet stating that ‘in the current environment of risks clearly tilted to the downside, the GC will carefully assess the incoming information, including the dynamics of the pandemic, prospects for a rollout of vaccines and developments in the exchange rate’. Subsequently, the ECB head kicked off the presser by noting that the recovery is losing more momentum than envisaged, with recent data and surveys pointing to significant softening in Q4 activity. As a result, the entire GC believes it is necessary to take action via a tweak of instruments at the next meeting, and Eur/Usd is languishing towards the bottom of a 1.1865-1.1650 range. CAD The Loonie was also subject to broad risk aversion and policy recalibration from the BoC that will now target the longer end of the curve within its QE remit, but a sharp decline in crude prices compounded losses relative to its US counterpart within 1.3390-1.3130 parameters more than anything else. GBP Sterling has largely tracked swings in the market mood and mostly gloom due to COVID-19 developments that are threatening a circuit breaker as a potential attempt to avoid reverting to complete national shutdown, while Brexit updates have been almost as conflicting as ever depending whether the UK or EU are summing up the current state of trade negotiations, though the bottom line appears to be more progress. Indeed, the FT quotes an official from Brussels saying that a lot of drafting has been done on the LPF, but the key issues remain unresolved and by inference that means state aid and the real point of contention concerning access to fishing waters. In sum, a deal is still elusive and it will be down to the wire if enough concessions can be made to reach an agreement before the next Summit let alone the date that leaves it too late for legal text to be drawn up and ratified for the transition deadline. Cable is holding 1.2900+ status, but well off peaks in the high 1.3000 zone, but Eur/Gbp nearer 0.9000 than just over 0.9100. JPY Nothing expected and unforeseen from the BoJ, while Japanese data has been mixed and the Yen continues to dovetail with the Dollar as prime safety destination. Therefore, Usd/Jpy has been fairly rangebound and mostly capped by 104.00-50 trade inside a band up to circa 105.05 with a Fib at the half round number proving pivotal vs heavy option expiry interest on the downside. AUD/NZD The Aussie and Kiwi have both been very whippy between 0.7157-0.7003 and 0.6723-0.6597 respective bands vs their US peer, but the Aud/Nzd cross veering south from 1.0672 to 1.0597 at one stage and still leaning against 1.0600 ahead of the RBA and a widely if not universally expected 15 bp rate cut – see the Newsquawk Research Suite for a full preview of the November policy meeting.
TVC:DXY
by FTUKcom
NZDJPY Short Opportunity - 60 pips aproxNZDJPY Short Opportunity Confluences: 1) Price has been rejected twice from a descending trendline (daily timeframe) 2) Is in the top half of a 20+ days range 3) In the 4H timeframe; 2 fully descending candles have closed under the 200 MA 4) In the 1H timeframe; 9 period EMA is crossing the 21 MA to the downside ------------------------------ I wish BIG profits to you ALL!!! ----- I am grateful to have been taught by God and myself on trading. My money grows every day in increasing quantities on a continuous basis.
Short
by Memo_Mountain