Nzdjpyanalysis
NZDJPY Long trade update and short trade planHey guys, here is the trade plan for NZDJPY. As you guys can see we have a resistance level @71.565 and now we just have to wait for the price to come to our sell zone. For trade entry details, please refer to the chart. Let me know in the comment section if you guys have any questions. If you guys like my analysis please hit like and follow. Thanks.
Update On NZD/JPY +60 Pips And New Entry Is Available Update On NZD/JPY +60 Pips And New Entry Is Available
Close Part Of Your Contract And Secure The Trade
NZDJPY will reach the next resistantDouble bottom formed on NZDJPY, will touch the next Fibonacci level. Also have the possibilities to reach the previous high.
New Setup On NZD/JPY To Catch More 300 Pips New Setup On NZD/JPY To Catch More 300 Pips
Risk Reward 1:6
NZD/JPY Technical Analysis.Currently, NZD/JPY is trading at 69.68. The pair is consolidating in the resistance and support wedges. Previously, the pair was trading in a down trend and after touching support level it started consolidating in the resistance and support levels. If the price breaks the resistance level at 70.03, then it may start a new up trend and its target price will be at 71.56. If the price breaks the support level at 68.15, then it may start a new down trend and its target price will be at 66.46.
Follow a 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
NZD/JPY Technical Analysis.Currently, NZD/JPY is trading at 68.85. The pair is consolidating in the resistance and support wedges. Previously, the pair was trading in a down trend and after touching support level it started consolidating in the resistance and support levels. If the price breaks the resistance level at 69.57, then it may start a new up trend and its target price will be at 71.17. If the price breaks the support level at 68.11, then it may start a new down trend and its target price will be at 66.98.
Follow a 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
NZDJPY BREAKOUT-UP OR DOWN?With Price ranging in a channel around the resistance region.
A breakout is imminent,What will become of NZDJPY? will it breakout upward or downward.?
Well i strongly feel that since price is consolidating around the resistance region..We may see some breakout in price in the upward direction.
However,On a personal note This is a clear no trade zone for me until i see a breakout in either direction
NZDJPY - SELLWait for confirmation and price to break through support before putting in a sell to the green area
NZD/JPY Technical Analysis.Currently, NZD/JPY is trading at 68.53. The pair is consolidating in the resistance and support wedges. Previously, the pair was trading in a down trend and after touching the support level it started consolidating in the resistance and support levels. If the price breaks the resistance level at 69.54, then it may start a new up trend and its target price will be at 71.42. If the price breaks the support level at 68.13, then it may start a new down trend and its target price will be at 66.48.
Follow a 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
NZDJPY - SELLAs we can see price closed below support so we are in a sell and looking to TP somewhere near the green area
NZD/JPY Technical Analysis
The counter has been declining steadily ever since it hit the high of 71.663.
However, it has now found support the levels of 68.226 amid testing it twice.
It has formed a bullish pinbar followed by three white soldiers, which is a powerful reversal signal.
Further, it has crossed the bearish trendline with a strong bullish candle.
Hence, we expect the pair to move to resistance placed around 70.000 level.
NZDJPY Intraday OutlookFX:NZDJPY recently broke the ascending trendline and did a retest earlier in the London session. With New Zealand's recent poor GDP data, it is showing signs of exhaustion while we can expect the Yen as a safe haven asset to increase in demand in view of wave 2 pandemic. Thus, we can expect more downside movement towards the next strong key level as shown in the chart. Trade safe guys!
NZDJPY Intraday OutlookFX:NZDJPY recently broken the ascending trendline and did a retest during London session. With New Zealand's recent poor GDP data and the Yen as a safe haven asset to increase in demand, we can expect NZD weakness and Yen to strengthen. We could potentially looks for trades for a downside move towards the nearest key level as shown in the chart. Trade safe guys!
NZDJPY long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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GWBFX
nzdjpy short set upthis pair might not be ready this week, but it is setting up for a good short if that flag structure develops during this week. Will be monitoring this throughout the week. There is a possible drop through the support floor, will be looking out for that possible outcome for an entry.
NZD/JPY SHORT SIGNALS STILL INTACT, NEXT TARGET 0.6400NZD/JPY SELL LIMIT @0.6570
SL: 0.6710
TP: 0.6380
