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Nzdjpybuy

NZDJPY right above major support, prepare for a potential bounce NZDJPY is approaching major support and a potential bounce could occur at 79.45 (Fibonacci retracement, Fibonacci extension, Elliott wave structure) to push price up towards 80.51 (Fibonacci retracement, Elliott wave structure, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 1.7% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
NZDJPY approaching major support, prepare for a bounce! NZDJPY is approaching major support and a potential bounce could occur at 79.45 (Fibonacci retracement, Fibonacci extension, Elliott wave structure) to push price up towards 80.51 (Fibonacci retracement, Elliott wave structure, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 1.7% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
NZDJPY broken major channel, potential bearish reversalNZDJPY has broken our major ascending channel support triggering a potential bearish exit. Our major resistance level is at 80.40 (Fibonacci retracement, pullback resistance) and a strong reversal could occur from here to push price down towards 80.02 (swing low support, Fibonacci retracement) before 79.50 (Fibonacci retracement, Fibonacci extension, horizontal swing low support). Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
1
NZDJPY continues its rise NZDJPY has continued to bounce up perfectly as expected as it remains in our ascending channel. Major support remains at 80.57 (Fibonacci retracement, bullish channel support) with the next major level of resistance at 81.26 (ABC Fibonacci extension, horizontal swing high resistance). RSI (34) sees multiple bullish exits signaling that bullish momentum is still strong in this currency pair. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
NZDJPY remains in a strong ascending channel NZDJPY remains in a strong ascending support channel stretching back to the beginning of December 2017. Our first major support is at 80.26 (Fibonacci retracement, horizontal overlap support, channel support) and a bounce could occur at this level to push price up towards 81.25 resistance (Fibonacci extension, horizontal swing high resistance). RSI (55) sees major support at 44% which corresponds to the bullish ascending channel we have. Only a break of this major support line would trigger a bearish exit in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
1
Harmonics on NZDJPYHey guys, this is a Bat formation that's setting up on NZDJPY, and i'm seriously interested in join it because the yellow box represents a previous level of daily structure. Therefore i know that could be a place where we could potentially have a reaction from price action. In this case, order's set at D, stop below X, targets with Fibonacci (382 and 618 of AD). This was actually an opportunity that i've highlighted on my last videoanalysis, if you want to find out more of that, click the link below! If you have questions/ideas, feel free to comment beneath. Otherwise, see you in the next chart!
Long
by Roker1
2
Bat formation on NZDJPYHey guys, this is a Bat formation that's setting up on NZDJPY, and i'm seriously interested in join it because the yellow box represents a previous level of daily structure. Therefore i know that could be a place where we could potentially have a reaction from price action. In this case, order's set at D, stop below X, targets with Fibonacci (382 and 618 of AD). This was actually an opportunity that i've highlighted on my last videoanalysis, if you want to find out more of that, click the link below! If you have questions/ideas, feel free to comment beneath. Otherwise, see you in the next chart!
Long
by Roker1
NZDJPY - LongNZDJPY Many of the Yen pairs have found themselves at support with daily stochastics in oversold territory. We are expecting Yen weakness to kick in over the next two to three weeks, so maybe tomorrows catalyst for the Kiwi will be the quarterly Retail Sales figures due out at 23:45GMT on Sunday. A good print here could see the Kiwi further strengthening off its bounce from the 61.8% Fibonacci retracement and previous daily structure levels. Ideally we would like to see a double bottom to confirm support. If we break down below 79.000 then we will re-assess at 78.000. 4hr Chart: 1hr Chart 15min Chart
Long
by Mase_00_7
NZDJPY Wait for the BreakOUT*please take note that a few hours from now there will be NZD news. This news has potential to cause a breakout. So be careful with taking a position before the news. NZDJPY on the daily time frame shows on interesting setup that can either way. A break of the resistance will cause a nice move further up. However if it bounced back and breaks the lower range a new down trend will start. Currently the 4 hour time frame shows a possible 20-40 pips retracement before continuing to go up. Trade Plan: Wait for a break-out to either direction. Alternatively if price bounced back to the lower range but doesnt break it, this means the 4 hour time frame retracement has been completed and price will go up. Use a 60 or 80 pip stop loss Buy take profit: 81.30 > 82.50 Sell take profit: 77.90
by JoshFX1
1
Is it the end of the downtrend on JPY pairs?Hey guys, i do not usually use trendlines in my analysis but sometimes they are useful in order to catch the early stage of a reversal, along with usual structure. The black line represents a strong daily structure that rejected price action as soon as it touched it. Therefore i'm assuming this could be a key point for a big reversal. Now, in this cases i wait for a break of structure to the upside in order to confirm my view: this time price broke both the trendline and the structure, giving us a strong clue on what it's going to do. Always remember that we don't want to chase price, instead we wait for it to come in our comfortable zones so that we can get a better risk to reward. As of now, i'm waiting to see what's price reaction to 618 level (together with some structure). I'll keep you updated. If you want to share your view, or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
4
Head & Shoulders on NZDJPY!!Hi guys, here it's an Head&Shoulders pattern on NZDJPY. I'm very interested on this cross because i think we have a nice rally ahead. On the daily price has formed 3 consecutive candles with buying pressure and we also have a divergence on the RSI. I patiently waited for a break of structure as a confirmation and that happened today. Now there are two levels where i'm going to pay attention to: previous resistance and previous support. If price will give us a weakness sign i will be buying this. If you have any question or you want to share your thoughts about this, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
Head & Shoulders on NZDJPYHi guys, here it's an Head&Shoulders pattern on NZDJPY. I'm very interested on this cross because i think we have a nice rally ahead. On the daily price has formed 3 consecutive candles with buying pressure and we also have a divergence on the RSI. I patiently waited for a break of structure as a confirmation and that happened today. Now there are two levels where i'm going to pay attention to: previous resistance and previous support. If price will give us a weakness sign i will be buying this. If you have any question or you want to share your thoughts about this, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
2