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Nzd-jpy

NZDJPY DAILY 10/28/19NZDJPY Short Idea As our analysis suggested last week, we were bearish on NJ. Current price action broke through weekly support and is now testing the 38.2% daily fib level around 69.28 We could see price start to fall from this region toward the lower trend line & support level around 68.00 If price action break that 68.00 level we will continue to target lower toward the -27% daily fib around 65.25 Ideally a wick off the 38.2% and a strong bearish variation would be confirmation enough to enter short If price action does push up instead we will look for potential reversals around the daily 61.8% fib level around 70.84
Short
by ForexLeague
Possible trend shift in EURAUD – going shortThe Tidal Shift Strategy has just sold EURAUD at 1.62552. The system recommends entering this trade at any price between 1.62387 and 1.62717. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -2.87533, which suggests that the EURAUD could be trending downwards.The 14-period Average True Range on a daily chart is 0.00132, so the stop loss has been set at 1.63213. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 68880 Time Issued: Wednesday, 23 October 2019 04:00:15 GMT Status: open Entry: 1.62387 - 1.62717 Limit: N/A Stop Loss: 1.63213 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Short
by FXCM
NZDJPYLooking for a break low. I do not think this is the turn around yet even though we have a daily double bottom weekly and monthly trend is still BEARISH. Until we break the downward range on daily we will stay bearish. Should we get an INV head n shoulder with a double bottom head and right shoulder formation around 70.30 then the possibility of a turn around on weekly can become more probable. A break above July 22nd HIGH with a daily close will also make this bullish. Stay bearish until then!
Short
by AschraM
Don't miss the great buy opportunity in NZDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (68.15). 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 76. Take Profits: TP1= @ 68.87 TP2= @ 69.67 TP3= @ 70.24 SL= Break below S2
Long
by ForecastCity
10
Don't miss the great buy opportunity in NZDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (68.15). 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 76. Take Profits: TP1= @ 68.87 TP2= @ 69.67 TP3= @ 70.24 SL= Break below S2
Long
by ForecastCity
11
Bearish Setup on NZD/JPY4H CHART EXPLANATION: On this timeframe we observe that this pair was strongly rejected at the Supply level at 69.600, that was the confluence zone between the Descending Channel and the Resistance Zone. At this moment it is consolidating on a corrective structrure that was broke last night, so, we expect a pullback to the broken structure to continue the downside movement. The first target is the Support Zone at 66.700, and if this zone is broken then price has potential to reach lower zones as the Bottom of the Descending channel. DAILY CHART:
Short
by ThinkingAntsOk
Don't miss the great buy opportunity in NZDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (67.950). 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 55. Take Profits: TP1= @ 68.37 TP2= @ 69.68 TP3= @ 70.30 SL= Break below S2
Long
by ForecastCity
1
Don't miss the great buy opportunity in NZDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (67.950). 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 55. Take Profits: TP1= @ 68.37 TP2= @ 69.68 TP3= @ 70.30 SL= Break below S2
Long
by ForecastCity
2
Full Analysis on NZD/JPY by ThinkingAntsOkDAILY CHART EXPLANATION: On daily timeframe, we observe that price broke the Support Zone (now Resistance Zone) but then bounced at the Bottom of the Descending Channel. At this moment it is facing the Resistance Zone, so we have two possible scenarios here. The first scenario is that price breaks the resistance zone and manages to consolidate above, which enables the possibility of an upward movement towards the Descending Trendline. The second one, is that the price fails to break the resistance and bounce in the current zone, which would lead to another bearish movement as explained on the Weekly Chart. WEEKLY CHART:
by ThinkingAntsOk
1