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NZDJPY

NZDJPY continues to hold back bulls.NZDJPY - 24h expiry- We look to Sell at 84.80 (stop at 85.60) Previous support located at 83.00. Previous resistance located at 84.00. Indecisive price action has resulted in sideways congestion on the intraday chart. Risk/Reward would be poor to call a sell from current levels. A move through 83.00 will confirm the bearish momentum. Our profit targets will be 82.80 and 82.50 Resistance: 84.00 / 85.00 / 85.50 Support: 83.00 / 82.50 / 82.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
NZDJPY resistance continues to hold back bulls.NZDJPY - 24h expiry - We look to Sell at 84.90 (stop at 85.65) Previous support located at 84.00. Previous resistance located at 85.00. Prices stalled near resistance and reversed lower. Risk/Reward would be poor to call a sell from current levels. Our profit targets will be 83.10 and 82.70 Resistance: 85.00 / 85.50 / 85.75 Support: 84.00 / 83.00 / 82.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
NZDJPY rallies continues to attract sellers.NZDJPY - 20h expiry - We look to Sell at 85.00 (stop at 85.75) Previous support located at 83.00. Previous resistance located at 84.50. The sideways consolidation continued although the market managed to post a significant high at 85.00. Risk/Reward would be poor to call a sell from current levels. A move through 83.50 will confirm the bearish momentum. Our profit targets will be 82.50 and 82.00 Resistance: 84.50 / 85.00 / 85.50 Support: 83.00 / 82.50 / 82.00 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
NZDJPY - Combo TradeWe could be a bit early for this 5-0 Pattern trading setup. That is because the daily chart has not confirmed; the candlestick pattern confirmation is required. I pull the trading confirmation of the 1-hourly chart. This is a trading management I've been using and refining for the past 5years. There are 2 kinds of trading management for the such combo. ComboTrade - Valid trading setup off the higher timeframe, but we engaged the trade on the smaller timeframe UpsizeTrade - Valid trading setup on the smaller timeframe and final target stretch to complete the higher timeframe. Both are high-risk trade management, which means the chances of stop-loss being hit are higher, but the profit factor(reward) is amazing. Of the two selections, upsize trade has the higher risk.
Short
by RaynLim