NZDJPY approaching key resistanceNZDJPY - Intraday - We look to Sell at 85.00 (stop at 85.75)
Previous support located at 84.00. Previous resistance located at 84.50. Indecisive price action has resulted in sideways congestion on the intraday chart. A move through 84.00 will confirm the bearish momentum.
Our profit targets will be 82.50 and 82.00
Resistance: 84.50 / 85.00 / 85.50
Support: 84.00 / 83.00 / 82.50
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NZDJPY
NZDJPY potential LONGInstrument: NZDJPY
Chart pattern: Bearish Butterfly
Optimal technical indicator: Ashi Candle
Current signal of optimal tech indicator: LONG
Optimal technical indicator win-rate: 52%
Days for backtesting: 1501
Timeframe for backtesting: 1D
Price at the time of forecast: 84,2700
Enter point: 84,2700
Take-profit: on chart
Current trailing stop-loss: on chart
Multiple for stop-loss strategy model: ATR(14) x 0,6
Average trades per month with optimum technical indicator: 6
Average time for 1 trade with optimum technical indicator: 4
Average profit per 1 trade: 0,15%
Projected annual return w/o leverage: 15,0%
Technical analysis applicability for 3325 technical strategies: 100%
Technical analysis recommendations:
Long: 35%
Short: 57%
Neutral: 7%
Stable long-term profit for FOREX, CRYPTO, Equity based on backtesting optimization algorithm. Instant analysis of 3.3K technical strategies
NZDJPY NEVER ENDING SIDEWAYSNZDJPY has been stuck in this sidewards range now. We printed a double bottom and a more rare triple top however price is now approaching the top for the 4th time with the JXY currency index retreated to the bottom trend line of its up trend but no break down. I am looking to see if we break to the upside which is prefered but if we reject i will sell this for a triple bottom of potential for it to fall to the daily support
NZDJPY SWING TRADE🔔 Alternative Traders Signals 🗣
Short: NZDJPY 📈 SWING-TRADE
Entry: Sell Stop Order💰
SSO: 82.876
SL: 78.453
TP: 84.892
+442pips profit if you get in at Sell Stop Order price🔑
-201pips market stop-loss from entry.
FX:NZDJPY
Apply proper money and risk management and enter at your own risk
NZDJPY QUICK 175 PIPS Possibly a quick 175 pips to be made. Looking like a 4HR double bottom. Yes im bullish on JPY but looking at the JXY index it has reached the top trend line of the rising channel suggesting a slight pullback before going higher. We see a nice rejection candle on the double bottom and would aim for a 50% retrace before potentially dropping but take it as the chart tells us
NZDJPY Clear break-out levels to trade.The NZDJPY pair has been trading below (closing 1D candles) the 1D MA200 (orange trend-line) for nearly a month (since December 20), being supported at the same time by a (dotted) Higher Lows trend-line that started on the May 12 Low. A 1D Death Cross may be potentially formed as the 1D MA50 (blue trend-line) is closing in on the 1D MA200, which adds more weight to the bearish side but we think it is best to trade this based on the clear break-out levels that this pattern (which we've been using with great results since last year) gives.
We are willing to buy for the short-term only upon a 1D candle close above the 1D MA200 and target the bottom of the Resistance Zone. Further break above the top of the Resistance Zone is a buy opportunity on the long-term and we will update upon potential targets then. Similarly, we are willing to sell only if a 1D candle closes below the 80.600 Support and target the top of the Higher Lows Zone (started on August 19 2021).
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NZDJPY I Potential buy from weekly zoneWelcome back! Let me know your thoughts in the comments!
**NZDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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NZDJPY to post a lower high?NZDJPY - 24h expiry - We look to Sell at 84.00 (stop at 84.75)
Previous support located at 82.50.
Previous resistance located at 83.00.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 84.00, resulting in improved risk/reward.
A move through 82.50 will confirm the bearish momentum.
Our profit targets will be 81.50 and 81.00
Resistance: 83.00 / 84.00 / 84.50
Support: 82.50 / 81.50 / 81.00
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NZDJPY I Inverted head and shoulder - LONGWelcome back! Let me know your thoughts in the comments!
**NZDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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✅TS ❕ NZDJPY: returned to the range✅✅ NZD/JPY is moving in a downtrend and continues to test the range.
I expect the price to rise if it stays above the support area. ✅
🚀 BUY scenario: long to the resistance area. 🚀
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NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS#NZDJPY
By now MARKET RISK is ON. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. NZD CPI DATA is also very high. LABOR DATA is also very POSITIVE for NZD. JPY may be somewhat WEAK in the next few days.
However, NZDJPY should be slightly BUY with upcoming JPY WEAKNESS.
Anyway, if the PRICE falls back on the NZDJPY MAIN SUPPORT LINE, you can BUY if the MARKET RISK ON continues. And 82.90 LEVEL can be SELL temporarily. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF.
Anyway, after that, you can definitely BUY at 88.10 LEVEL. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK.