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Nzdjpyanalysis

NZDJPY Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of NZDJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 43 - 19 Oct M > Market is moving in a downward channel, price dropped from resistance of channel. W > Price tested resistance level thrice and faced rejection creating triple top. We can see a W formation and expect price to drop and test its neck. However after last rise price is moving in a range of about 300 pips. D > Price dropped till weekly demand zone again but faced rejection creating double bottom. Price moved up to test weekly supply zone and after rejection started dropping again. We will will set 3 bearish targets. 1. Weekly demand zone where price created double bottom last time. 2. Demand zone at odd candle (66.67) on D chart, above neck of W formation. 3. Neck of W formation. As per COT NZD saw addition of both Long and Short further increasing net positions, confirming further improved strength of ZXY for the said week. ZXY has been gaining strength slowly since June 2020. ZXY however weakened improved last week. JPY saw addition of few Long but more Short positions reducing net positions further. JXY lost its position for the said week but ended with a Doji. However JXY improved its position last week but again ended with a Doji. 4H > Price is now testing resistance level, we will wait for its reversal and turn into bearish. Pair Correlation > NZDJPY has positive correlation with NZDUSD, AUDJPY, NZDCHF, AUDCHF and CADJPY and negative correlation with USDCAD, EURNZD and EURAUD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
NZDJPY SWING TRADE SETUP 15-OCT-2020NZDJPY-Technical analysis The price was closed below the 70.000 key psychological level leaving a doji candle. And currently ZNDPY has retested the 70.000 level and its unable to break firmly We can sell this pair now and the swing target would be 68.900 and stop lose may placed above the 70.500 level SWING TRADE-NZDPY Entry point @ 69.900 Take profit @ 68.900 Stop lose @ 70.520 R:R 1:2 💌 Leave your valuable comments and suggestions related to this idea in the comment section. Thanks for your time. Good day guys 💝
Short
by forexorbit
NZDJPY Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of NZDJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Market is moving in a downward channel, price dropped from resistance of channel. W > Price tested resistance level thrice and faced rejection creating triple top. We can see a W formation and expect price to drop and test its neck. However after last rise price is moving in a range of about 300 pips. D > After last rise to test monthly resistance level price created LH and LL but with last daily candle price has broken last LH. It is now approaching daily resistance and we can expect a reversal. As per COT NZD had closure of few Long and major Short increasing net positions, confirming strength of ZXY for the said week. Short positions have reduced to least in current year. ZXY has been gaining strength slowly since June 2020. ZXY improved its position last week. JPY had closure of Long and addition of Short reducing net positions, however Commercials added both Long and Short positions, increasing open interest. This made JXY slightly recover its position for the said week. However JXY was indecisive last week ending with Gravestone Doji. We cannot expect long term bearish move unless JPY gains strength and ZXY weakens. 4H > We will observe price action at current level for reversal, however market can continue moving upwards to test monthly resistance again. Pair Correlation > NZDJPY has positive correlation with NZDUSD, AUDJPY, NZDCHF, AUDCHF and AUDUSD and negative correlation with USDCAD, EURNZD and EURAUD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
NZDJPY Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of NZDJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 06 Oct M > Market is moving in a downward channel, price dropped from resistance of channel. W > Price tested resistance level thrice and faced rejection to create triple top. We can see a W formation and can set its neck as a target. D > Price has not been able to break daily support level for the second time, we have a triple bottom. Price has now retraced to previous support, now turned resistance and expect it to make another attempt to the downside. As per COT NZD saw addition of few Long and more Short reducing net positions, confirming weakness of NZD for the said week. ZXY improved its position last week. JPY had closure of both Long and Short reducing net positions, this made JXY weak for the said week. Whereas JXY slightly recovered its position last week. 4H > Price is currently making HH and HL and is now testing daily resistance. We need to monitor price action for reversal. Pair Correlation > NZDJPY has positive correlation with NZDUSD, AUDUSD, AUDCHF and AUDJPY and negative correlation with EURAUD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
Short
by AP17FX
NZDJPY is in uptrend and approaching Price action levelNZDJPY After peaking the September month high around 72.00 which is a key psychological level its felled towards 68.640 which is a low volume area and find some buyers and making series of Higher high higher low patterns. From Sep-09 to Sep-18 it was trading in a range and felled below the range. I have marked some levels are acting as accumulation and distribution phases after some consolidation phase its moved in a massive way. The price is currently in a consolidation range at around 70.00 key psychological level. From this level we can expect bullish run towards 71.200 which is price action level where we can see a series of upper side rejection.This level is coordinated with 78.6% Fibonacci level The price is currently trading within a.50 and .618 Fibonacci levels.As its reached the upper side of the .50 Fibonacci we can expect a minor correction towards .382 Fibonacci and from this level it will go bullish. The 03 Exponential moving averages which is 50,100,200 are holding as support for the bull. In Elliot wave theory the 4th impulse wave is completed and the 5th wave is underway. relative strength index has reached the 60 level and MACD histogram showing a starting of the bullish trend. Ichimoku cloud is acting as support for the bull as its managed to float above the cloud.Buying NZDJPY around 69.900 with the target of 71.150 will give a nice risk reward ratio. Stop lose may placed below the 4th Elliot wave end point which is 69.600 Give us a like if you found useful. And tell your opinion in the comment section
Long
by forexorbit
2
💡 NZD/JPY 📉👋 Hello and welcome traders to another trade idea with Fobian ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 👉 WE will waiting for SELL conformation: - We have downtrend. - MACD give us SELL signal. - Candle close below ASIAN session. 💡 Why should you follow our profile on TradingView? Consistent chart updates Clean charts Short and long-term perspectives Visually teaches you valuable lessons High probability setups Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
NShort
by TBFinan
NZD/JPY Technical Analysis.Currently, NZD/JPY is trading at 69.60. The pair is trading in a resistance and support channel from some time and now moving towards the support level at 69.00. It may rebound back after touching support level to again move towards resistance level at 72.00. Until it breaks resistance or support level, it will hover in this channel. So, do have this pair in your watch list and wait for the right price to enter. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
NZD/JPY BUY SIGNAL Hey tradomaniacs, welcome to new free trade-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! NZD/JPY: Day-Swingtrade-Execution Market-Buy: 71,115 Stop-Loss: 70,515 Target 1: 71,600 Target 2: 71,900 Target 3: 72,400 Stop-Loss: 50 pips Risk: 0,5% - 1% Risk-Reward: 2,60 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
3