Nzdjpylong
NZDJPYPotential upside after a confirmed breakout about downward sloping resistance level on the FX:NZDJPY
Profit taking withing target area based on 30-minute chart.
NZDJPY further spike before a drop! | 30 April 2020Price could spike higher to our 76.4% retracement and 100% extension before a drop to our first support level . Stochastic is approaching support as well. I have also linked the video analysis below, do check that out :) cheers!
NZDJPY further spike before a drop! | 30 April 2020Price could spike higher to our 76.4% retracement and 100% extension before a drop to our first support level. Stochastic is approaching support as well. I have also linked the written version below, do check that out :) cheers!
NZDJPY approaching resistance, look out for potential reversal!
NZDJPY is approaching its resistance at 65.597 where it is could reverse down to its support at 64.431.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDJPY potential reversal!
NZDJPY expected to rise up to 1st resistance at 65.274 where it could potentially react off and drop down to 1st support at 63.832.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDJPYNZDJPY
Multitimeframe analysis
1D
As we can see on 1Day chart market formed a nice double top pattern at the supply zone and price rejected from it nicely , we can expect to see a major drop in it.
4H
As we can see on 4Hour chart market got rejected from the demand zone , but at the same time market creating a lower low. so, we might see a price rejecting from a trendline in the near future.
1H
As we can see on 1Hour chart market created a Fresh Higher High by breaking the previous Lower high and also market breaked the previous trendline support level. We can expect it to rise till 4H trendline level.
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.
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GWBFX
NZDJPY LONGNZD had strong new on april 19 and it still effects the market. JPY it had weak reports and I'm expecting a break to higerher of asian market.
NZDJPY IS DESCENDING TRIANLE AND CONTINUE SHORTNZDJPY IS DESCENDING TRIANLE AND CONTINUE SHORT
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NZDJPY long trade ideaPlan : wait for the price to decelerate and 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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
NZDJPY upward move for the short termAs shown in the chart, a short term bullish move can be expected in NZDJPY, especially after positive news came of NZD's CPI announced earlier today. A short term upward move with the next resistance 65.050 levels can be expected.
NZDJPY. The price of New Zealand currency will rise.Hi traders,
The price of the New Zealand currency is growing,
developing by a wedge.
The price is expected to rise to its target at around 65.500.
Good luck to you.
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This idea does not provide the financial advice.
nzdjpy i think to go up 400pips long term i think is going up the price never has been like this down.
This will be a big move from banks its still my opinion Andy Kruger is going for somethink ...
NZDJPY technically based forecast
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💡 NZDJPY technicaly based idea, we can see price is bounce from bottom trend line , candels formation is strong bulish, technicaly indicators showing we can expect higher push up in price exepcting push till top trend line , NZD the strongest currency currently, JPY one of the weakest.
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