Don't miss the great buy opportunity in NZDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (64.1). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 65.05
TP2= @ 66.00
TP3= @ 66.73
SL= Break below S2
Nzd-jpy
Don't miss the great buy opportunity in NZDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (64.1). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 65.05
TP2= @ 66.00
TP3= @ 66.73
SL= Break below S2
NZDJPYThe support has been rejected as we can see. The Bear wasn't able to break that wall once again after already trying several times. Guess she will have to go up once more(Bullish TP 1) to bounce on that wall harder. Or even go higher(Bullish TP2) to make sure the bounce is backed by a harder force to break that support.
NZDJPY - Selling strength this morning NZDJPY is Bearish - We look to Sell at 64.46
▪️ Short term momentum is bearish.
▪️ A Fibonacci confluence area is located at 64.52.
▪️ Bespoke resistance is located at 64.46.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 64.46, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 64.76
Target1: 63.56
Target2: 63.00
NZDJPY approaching support, potential bounce! | 6 May 2020Price is approaching our first support in line with our 78.6% fibonacci retracement , swing low support and ascending trend line where we could see a further push up to our first resistance level . A break above our intermediate resistance would see a further push up to our first resistance level . Please also refer to the video analysis below for a step-by-step guide on how we got these levels. Cheers!
NZDJPY approaching support, potential bounce! | 6 May 2020Price is approaching our first support in line with our 78.6% fibonacci retracement, swing low support and ascending trend line where we could see a further push up to our first resistance level. A break above our intermediate resistance would see a further push up to our first resistance level. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too. Cheers!
NZD/JPY Potential Bearish Move by ThinkingAntsOk🔸 4H CHART EXPLANATION:
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🔸 Price tried to break the Resistance Zone multiple times, but it couldn't.
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🔸 We observe that the Ascending Trendline has been broken, and price has been moving sideways since then.
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🔸 It has broken the 4H Structure to the downside last night, so, we consider that there is bearish potential here.
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🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
Don't miss the great sell opportunity in NZDJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (65.1). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 64.28
TP2= @ 63.73
TP3= @ 63.10
SL: Break Above R2
NZDJPY - Buying at the trend of higher lows NZDJPY is Bullish - We look to Buy at 64.85
▪️ Short term momentum is bullish.
▪️ Bespoke support is located at 64.82.
▪️ The trend of higher lows is located at 64.82.
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 64.85, resulting in improved risk/reward.
Stop: 64.65
Target1: 65.70
Target2: 66.00
NZDJPY OUTLOOKHello Traders
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THIS IS NZDJPY ANALYSIS
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ANALYSIS ON NZDJPYHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the pair is in Symmetrical triangle. Wait for the breakout.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
NZDJPY - LONGWatch price action at bottom of triangle for long. Price may break the flat bottom thus creating an expanding formation
Safe entry:
Wait for price to create a reversal pattern near the bottom - Some sort of price action where you can draw a descending trendline on the lower time frames. Enter on breakout of trendline
NZDJPY CLOSE TO DESCENDING TRIANGLE BREAKOUT Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, NZDJPY is currently inside Descending Triangle and is close to a breakout. There are two possibilities as shown. So one should wait for the breakout.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R.Lopes