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Nzd-jpy

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! If You enjoyed my idea then kill, smash and destroy the "LIKE" button! 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!
Short
by VaidoVeek
NZDJPY approaching resistance, potential drop!NZDJPY is approaching our first resistance at 72.32 (horizontal pullback resistance, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 70.80 (horizontal swing low support, 50% fibonacci retracement). RSI (89) is also approaching our resistance and we might see a corresponding drop in price should it drop below this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
NZDJPY approaching support, potential bounce! NZDJPY is approaching our first support at 72.29 (Horizontal swing low support, 78.6% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 73.79 (61.8% Fiboancci extension, 23.6% fiboancci retracement). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Long
by Tickmill
EURUSD short term rally due towards 1.1650/1.1700 levels?The EURUSD finally dropped as expected and discussed earlier towards 1.1350 levels, to test fibonacci 0.618 support, before bouncing back. It is trading at 1.1380/85 levels at this point in writing, and could be preparing to push higher any time soon. Please note that immediate support could be noted as today's intraday low at 1.1342, followed by 1.1270 and 1.1213 levels, while resistance is at 1.1500 levels going forward. Looking at the higher degree wave counts, it remains intact with (A)-(B)-(C) unfolding as an expanded flat, with Wave (C) in progress at the moment. Ideally, the EURUSD should remain above 1.1213 levels if the above counts should hold to be true, and push higher towards at least 1.1800/20 levels, before reversing lower again. The medium term bullish outlook remains intact for now. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Long
by FXTM
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