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NZDJPY

NZDJPY: BEARISH Market Analysis! Looking for REVERSEHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the NZDJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: This market has been correcting since a while, bouncing on an important HTF level and leaving impulsively a LTF structure (rising wedge). Eventually, it was not able to form a further bearish price action and it started consolidating creating a deeper flag, which is still a potential bearish pattern considering the overall general momentum. When, where and why would we step into the market? Until the price will move inside the LTF flag, without taking out the previous swing high, our bias will stay quite bearish, according also with other JPY pairs. Before entering short on this market, we will be waiting and watching if the it will lose momentum around the resistance level and/or (for moderate traders), if it will be able to break down, and correct after the breakout . If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
16
InvestMate|NZD/JPY So what, are we falling?🥝🥝NZD/JPY So what, are we falling? 🥝As I have written in previous post featuring the Japanese yen pairs that we are ready to fall. 🥝That will also be the case this time. 🥝There is an interesting situation ahead, on the New Zealand dollar we are preparing for a strong downward correction coupled with the long-term uptrend on the Japanese yen that has started. A strong downward wave is in front of us. 🥝We are currently at a resistance zone that has been respected for months. The price has repeatedly struggled to break through these levels. 🥝The most significant support zones will be two zones. 🥝 The first determined by the cluster of the fibo level 0.382 of the entire upward wave and the outer fibo level 1.272 measuring the last upward impulse. 🥝The second based on a cluster of the 0.5 level of the entire upward wave and the outer fibo level 1.618 measuring the last upward impulse. 🥝The scenario I am playing out is to expect a strong wave of strengthening of the Japanese Yen against the New Zealand Dollar heading into support zones not excluding minor corrections along the way. 🥝*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
10
Buying NZDJPY on dips.NZDJPY - Intraday - We look to Buy at 85.50 (stop at 84.85) Previous support located at 86.00. Previous resistance located at 86.50. Further upside is expected although we prefer to set longs at our bespoke support levels at 85.50, resulting in improved risk/reward. A move through 86.50 will confirm the bullish momentum. Our profit targets will be 87.00 and 87.50 Resistance: 86.50 / 87.00 / 87.50 Support: 86.00 / 85.50 / 85.00 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.
Long
by OANDA