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Nzd-jpy

EURUSD holds well above 1.1213 levelsThe EURUSD failed to drop below critical support at 1.1213 levels on Friday, unlike the US Dollar Index . This could be seen as a divergence, indicating a potential change in the direction of short/medium term trend. The EURUSD reversed from 1.1270 levels on Friday and is seen to be trading around 1.1325 levels at this point in writing; looking to continue its rally. Looking into the wave counts, a higher degree Wave (C) is still being worked out, within an (A)-(B)-(C) correction. Please further note that if it is unfolding as an expanded flat, prices could rally towards 1.1800/20 levels, before reversing lower again. The above structure could confirm and bulls could accelerate further once prices break above 1.1500 levels. It is a safe strategy to hold long positions till prices stay above 1.1213 levels, with potential targets as 1.1650 and 1.1800 levels respectively. 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
1
EURUSD possibly terminates wave ii or b at 1.1287 levels!The EURUSD has dropped lower below 1.1306 levels and made fresh lows at 1.1287 today, indicating a potential termination of the lower degree wave ii or b as highlighted on the chart here. Please note that it could still terminate lower below 1.1268 levels, but it is expected to stay above 1.1213 levels if the above structure needs to hold. Looking into the wave structure, a lower degree wave ii is being carved out within the higher degree Wave (C), to produce either as an expanded flat or a triangle. Bottom line, till the time prices stay above 1.1213 levels, we could see them rally through 1.1650 and 1.1820 levels respectively; before the trend could resume lower again. On the flip side, a break below 1.1213 levels could delay the corrective structure discussed above. 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
1
EURUSD finds support ahead of 1.1300?The EURUSD dropped to 1.1306 levels yesterday before finding interim support. Please note that yet another low could be print between 1.1268 and 1.1280 levels before it resumes its rally. Looking into the lower degree wave counts, EURUSD might be unfolding wave ii or b as a standard or a running flat. Please note that wave i or a potentially terminated at 1.1470/75 levels earlier. If the above counts hold true, EURUSD would terminate wave ii or b, ahead of 1.1213 levels and move swiftly towards 1.1650 or even higher. The larger degree wave counts remain unchanged for now, and that Wave (C) could be unfolding as an expanded flat or a triangle and push towards 1.1650 or 1.1820 levels respectively. Please note that 1.1213 remains as a critical support now, and prices must stay above that to keep the medium term bullish structure intact. 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
2
NZDJPY Sell signal with potential H&S in the makingOn the left we can see a potential H&S in the making, but obviously it is very premature. There are a few reasons though for me to assume it is a realistic option. At the high we can see a gap up that got sold of quite big with to big red daily candles. This is a sign of weakness and shows there is a potential high set. When we zoom in, i will get in with 50% of a small size if that first blue zone breaks, not any sooner. When that happens i will use today's high as a stop as you can see in the chart. If the second blue zone breaks i will add the other 50% and then just wait for it to touch the potential neckline. That neckline will be my first target where i unload half my position. After all this it will be sitting and waiting to see if the H&S become reality or not. If it does happen, i will make it a decent size if the neckline breaks.
Short
by botje11
10
NZDJPY 60 min Cloud BreakoutThe Monthly and Daily remain bullish Have a text book cloud breakout The only thing I don't like is the time as it is 4 pm est and I prefer not to take trades this late in the US Session, so I will wait for the Asian Session which may provide for a pullback opportunity and/or a smaller stop Entry = 77.95 above the Daily Tenken Sen (Red line) Stop = 77.31 Risk = 64 pis Profit Target = 80.23 (10 pips before the Daily D Ext.) Reward = 228 RRR = 3.5 - 1
Long
by AGold54
2
Short NZD/JPY below 21-EMABreak below 21-EMA will see weakness. Scope for dip till 200-DMA at 75.75. Technical studies on weekly charts is biased higher. But we see some weakness on the dailies. Price action has broken below 5-DMA and 5-DMA has turned. RSI and Stochs are biased lower after rollover from overbought levels. We see bearish divergence on RSI and Stochs which adds to the bearish bias. Support levels - 77.19 (21-EMA), 76.26 (Nov 26 low), 75.75 (200-DMA) Resistance levels - 78 (5-DMA), 78.86 (Dec 4 high), 79 Good to go short on break below 21-EMA, SL: 78, target 76.30/ 76/ 75.75
Short
by FxWirePro
EURUSD remains bullish above 1.1213 levelsThere is not much change in the structure from what was presented yesterday. EURUSD trades at 1.1365 levels at this point in time, ideally expected to stay above 1.1310 at least. As discussed earlier, a higher degree Wave (C) is looking to unfold into 5 waves in case of an expanded flat or 3 waves in case of a triangle. In either case, we expect prices to rally at least through 1.1650 levels if not further. Immediate price support is at 1.1310, followed by 1.1213, while resistance is at 1.1473 levels respectively. The higher degree wave structure produced an impulse drop between 1.1250 through 1.1300 earlier. It is being retraced by an (A)-(B)-(C) corrective structure at this point in time. Overall EURUSD remains bullish for medium term against 1.1213 levels. 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
1
EURUSD proceeds higher potentially toward 1.1391 levelsThe EURUSD is seen to be trading around 1.1390/95 levels at this point in writing after having tested 1.1310 levels yesterday. Immediate interim resistance is seen at 1.1420 levels, followed by 1.1473 respectively. A push through these would be considered encouraging for the bulls to remain in control further. The medium term and higher degree wave structure remains intact for now, with EURUSD unfolding into Wave (C), within the (A)-(B)-(C) correction, as a potential triangle or an expanded flat structure. Please note that potential upside targets remain at 1.1600/50 and 1.1800/20 levels respectively. For the above structure to hold good, prices should remain above 1.1213 levels going forward. Overall, the medium term bullish structure 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
NZDJPY approaching support, potential bounce! NZDJPY is approaching our first support at 76.82 (100% Fiboancci extension, 78.6% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 77.61 (horizontal overlap resistance, 38.2% fibonacci retracement). Stochastic (55,5,3) 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