NZDJPY trend line break BUY?this pair just broke my trend line which has been acting as resistance for over a week now.
we can try a buy of this pair to fill the gap that we can see on the left.
You have to be careful because we are on a big level (65.470) as we can see it has bounced 6 times on it for 2 weeks. if it breaks this line with force then this would confirm my analysis.
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Nzd-jpy
NZDJPY Trade For Short Side.NZDJPY has shown a failed ascending triangle pattern which was form at its bottom. Correction of pair from its bottom which can be interpreted as correction has completed and it may resume it downtrend from current price level. So can be traded on the short side from the resistance zone level in the NZDJPY pair.
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Sell on NZDJPY after making a triple top.Hello my fellow traders. Here is our analysis on NZDJPY. We have uploaded a Weekly chart in our comment section with support and resistance. As we can see that there is a triple top formation on the H1 Timeframe. So our analysis is that the pair will fall till the support or till the trendline is hit. The trendline which was the resistance earlier, is now support for NZDJPY.
Let us know your views on this in the comment section. Thank you all.
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Ryan.R.Lopes
Don't miss the great buy opportunity in NZDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (64.82). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 65.90
TP2= @ 66.60
TP3= @ 67.85
SL= Break below S2
Don't miss the great buy opportunity in NZDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (64.82). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 65.90
TP2= @ 66.60
TP3= @ 67.85
SL= Break below S2
NZDJPY Tranding In Range Bound.NZDJPY is trading in upper part of channel if the resistance of channel breaks we might see further upside in NZDJPY if it rebound from resistance line we may see further consolidation in upper part of channel and then upside breakout in NZDJPY.
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Small buy inside channel for NZDJPYHi guys. Hope you are having a wonderful week. Almost all pairs are running in CHANNELS in this market condition. So we have analysis on NZDJPY. The pair seems to be in a downtrend channel but is currently at its SUPPORT. Our analysis is that the pair will hit the support and will go to the RESISTANCE TREND LINE. One can take a buy call and close it as soon as you get a decent profit.
Views welcome from all our fellow traders. Thank you.
Ryan.R.Lopes
Perfect buy entry in NZDJPY (D1 and H1)Hello friends. Here is an analysis on NZDJPY. As we can see in D1 the pair is going in descending broadening pattern and the pair is respecting every support and resistance points inside that channel. Currently the pair hit the support line and started going up. One can take a buy call from here. We have also posted another analysis of H1. As per H1 the pair is in descending triangle pattern and is close to its support level. Our analysis is that the pair will hit the support line in H1 and then break the triangle pattern and move upwards.
Let us know your views guys Thank you.
Ryan.R.Lopes
Descending triangle pattern in NZDJPYAS per H1 the pair is in descending triangle pattern and is close to its support level . Our analysis is that the pair will hit the support line in H1 and then break the triangle pattern and move upwards. As we can see in D1 (link in description) the pair is going in descending broadening pattern and the pair is respecting every support and resistance points inside that channel. Currently the pair hit the support line and started going up. One can take a buy call from here
Let us know your views guys Thank you.
Ryan.R.Lopes
NZDJPY LONG TRADESharp bearish wave ended at level 61.35
then price rebounded by strong bullish movement
Price is based above SMA 100 on H1 frame
MACD shows start of bullish momentum
RSI is in uptrend
We r waiting price to exceed key level at 66.38 to open long trade
It's expected to target the supply zone at level 71.15
NZD/JPY Bearish Scenario by ThinkingAntsOk4H CHART EXPLANATION:
🔸 Price is on a downtrend after being rejected at the Resistance Zone.
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🔸 For the last weeks, it has been on a consolidative move, which we were waiting to be broken.
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🔸 The breakout was to the downside, so, we consider it has potential to reach the Support Zone.
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🔸 We are waiting for a lower timeframe corrective move to consider short positions.
DAILY CHART ANALYSIS:
NZDJPY LONG TRADENZDJPY respected demand zone at level 70.00
Price is above HVN at level 69.57 which indicates that pair is in accumulation phase
Price broke minor downtrendline
Above SMA 100 on H1 frame
RSI making higher lows
It's expected to target first key level at 71.30
then target major downtrendline at level 72.75