bearish signal on nzd/jpywe have the nzd/jpy on a bearish movement started this week , and will continue in it's bearish direction
Nzd-jpy
Bearish directionNzd/jpy started it's new wave this week falling down with a possibility of more bearish movement
NZDJPY approaching support, potential bounce!NZDJPY is approaching our first support at 73.46 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) and a strong bounce might occur below this level pushing price up to our major resistance at 74.02(23.6% Fibonacci extension, horizontal pullback resistance).
Stochastic (34, 5, 3) is approaching its support where a corresponding bounce could occur.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
NZDJPY Approaching Resistance, Potential Reversal!NZDJPY is approaching its resistance at 74.53 (Horizontal pullback resistance, 23.6% Fibonacci retracement) where it could potentially drop to its support at 73.45 (horizontal swing low support, 38.2% Fibonacci retracement).
RSI (21) is approaching its resistance where a corresponding bounce could occur.
NZD JPY re-testing lows of 72.280??As mentioned on the NZD JPY analysis Jan 24th. "if we fail to break through the 61.8% (76.000) we could be looking to more downside movement"
and that is exactly where are. we can be looking forward to more down side on this, pair re-testing the lows of 72.280, Due to the un-employment rates released Statistics New Zealand being higher than expected.
The consensus was at 4.1 and the actual release was 4.3% thus making the currency drop in value.
I'm currently waiting on a re-test of the 50% ( 75.430) Fib level to enter a short position before we can head down to test support at 72.280.
Note: this pair moves a bit slower to the major pairs just be patient.
NZD / JPY UpdateLooking forward for this idea to play out in the same pattern as I've drawn. breaking & retesting KEY Fibonacci levels. so far we are off to a slow start, as this pair tends to range a lot.
over the past few day we've had a nice rejection of 74.480 area pushing towards the 61.8 Key level on the Fib. where is price is currently 76.100. a complete break through this region can lead us forward to (my ) initial target of 78.950.
NZDJPY potentoal short soon4 hr chart of nzdjpy, potential short when price consolidates forming a rising wedge which is a reversal pattern.
daily time frame also showing to be oversold with stochastic,
NZDJPY approaching support, potential bounce!NZDJPY is approaching our first support at 74.49 (horizontal swing low resistance, 100% fibonacci extension, 61.8% fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 75.20 (horizontal swing high resistance, 61.8% fibonacci extension).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
EURCAD Bounced Off Support, Potential For A Further RiseEURCAD bounced off support at 1.5095 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing low support) where it could potentially rise further to its resistance at 1.5304 (38.2% Fibonacci retracement , horizontal swing high resistance).
Stochastic (55, 5, 3) bounced off its support at 1.8% where a further rise could occur.
EURCAD Testing Support, Potential BounceEURCAD is testing its support at 1.5094 (61.8% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 1.5225 (23.6% Fibonacci retracement , horizontal swing high resistance).
Stochastic (21, 5, 3) is approaching its support at 5.3% where a corresponding bounce could occur.
EURAUD Approaching Resistance, Potential ReversalEURAUD is approaching its resistance at 1.5981 (100% Fibonacci extension, 23.6% & 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1.5877 (61.8% Fibonacci retracement, horizontal overlap support).
EURNZD Approaching Resistance, Potential ReversalEURNZD is approaching its resistance at 1.6886 (100% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1.6770 (61.8% Fibonacci retracement, horizontal overlap support).
NZDJPY - Breakout From The ChannelHey followers and other TradingView users!
NZDJPY have made a breakout from the short-term upwards channel.
We have a confirmation on the 1H timeframe where it got a close below both EMA's 100&200.
We have also a confirmation close below the channel on 4H timeframe, plus there it ended up with bearish Engulfing candlestick pattern!
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Thank You for your support, I really appreciate it!
CHEERS!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
NZDJPYVery nice respect of the trend zone. Testing the 200 EMA and if we see a nice push upwards the 8 EMA will cross the 18 MA. Also testing major support.
I'm long for now, already entered.
NZDJPY LONGLow risk trade, tight SL if wrong. Ratio of around 5. Would expect upside movement to 75.00 and then possibly fall back to the 72.00.
EURAUD Bounced Off Support, Potential For A Further RiseEURAUD bounced off its support at 1.5886 (61.8% Fibonacci extension, horizontal overlap support) where it could potentially rise further to its resistance at 1.6037 (23.6% Fibonacci retracement).
Stochastic (55, 5, 3) is testing its support at 1.1% where a further rise could occur.
EURUSD Bounced Off Support, Potential A Further RiseEURUSD bounced nicely off its support at 1.1489 (38.2% & 23.6% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.1567 (horizontal swing high resistance).
Stochastic (34, 5, 3) is bounced off its support at 3.2% where a corresponding rise could occur.
EURCAD Approaching Support, Potential BounceEURCAD is approaching its support at 1.5094 (61.8% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 1.5298 (38.2% Fibonacci retracement , horizontal swing high resistance).
Stochastic (21, 5, 3) is approaching its support at 5.3% where a corresponding bounce could occur.
EURGBP Approaching Resistance, Potential ReversalEURGBP is approaching its resistance at 0.9060 (61.8% Fibonacci extension, 76.4% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 0.8951 (100% Fibonacci extension , 38.2% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
NZD/JPY : Wait For Breakdown !!SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
