Nzdjpylong
NZDJPY Approaching Resistance, Potential ReversalNZDJPY is approaching its resistance at 76.31 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where it may reverse down to its support at 75.14 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal may occur.
NZDJPY approaching support, potential bounce!NZDJPY is approaching our first support at 75.114 (horizontal swing low support, 61.8% fibonacci extension, 50% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 75.67 (50% fiboancci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY - HOW TO TRADE THIS WEEKSEE SCREEN FOR SIMPLE INSTRUCTIONS. ONLY JOIN IN ONCE THE BREAK OCCURS
See previous analysis
PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
Triangle theory exampleGood example of the triangle theory thanks to UJ seasonality. The theory says that a triangle will exit into the same direction as it came in. In this example the price came in from the south into direction north so it will exit north and validate the triangle.
It's breaking out north while I am typing this.
NZDJPY BUY@74.25 TP@75.17HELLO,
NZDJPY IS EXPECTED TO RISE BEFORE IT DROPS AGAIN. MUST USE STOP LOSS.
NZDJPY Approaching Resistance, Potential Reversal!NZDJPY is approaching its resistance at 74.53 (Horizontal pullback resistance, 23.6% Fibonacci retracement) where it could potentially drop to its support at 73.45 (horizontal swing low support, 38.2% Fibonacci retracement).
RSI (21) is approaching its resistance where a corresponding bounce could occur.
NZDJPY POTENTIAL BUY TRADERange resistance is broken and I expect to see pull back to the (new) support level and then long for the new bullish leg. If I got SL, I'll be looking to take another buy around 72.20.
NZDJPY BUY LIMIT 74.40
SL 73.90
TP 75.00
TP2 75.50
TP3 77.70
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NZDJPY approaching support, potential bounce!NZDJPY is approaching our first support at 74.49 (horizontal swing low resistance, 100% fibonacci extension, 61.8% fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 75.20 (horizontal swing high resistance, 61.8% fibonacci extension).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
NZDJPY approaching resistance, potential drop!NZDJPY is approaching our first resistance at 72.32 (horizontal pullback resistance, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 70.80 (horizontal swing low support, 50% fibonacci retracement).
RSI (89) is also approaching our resistance and we might see a corresponding drop in price should it drop below this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZD/JPY APPROACHING MAJOR SUPPORTWe have seen this pair rally off this Major Support a number of times now. The Kiwi showed great strength in November where it had its strongest rally of the year.
Now that we are a approaching these levels where the rally started we can expect strong demand and high volatility.
NZDJPY approaching support, potential bounce! NZDJPY is approaching our first support at 72.29 (Horizontal swing low support, 78.6% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 73.79 (61.8% Fiboancci extension, 23.6% fiboancci retracement).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
NZDJPY long swingtradeHi traders,
I will wait for bullish engulfing pattern on the h4 timeframe
to go long after a bounce of the tredline to the upside.
If this happen we go longe and take the giant swingtrade.
Have a good trading week.
StefanForex
NZDJPY LONGNZDJPY looking to bounce here at 74.1 for a short trade, looking for 30 pips with a 15 pip stop loss. Within the chart we can see consolidation and respect in this downward channel on the 15m chart. Watch this pair closely going into the holiday. Cheers
NZDJPY approaching support, potential bounce! NZDJPY is approaching our first support at 75.43 (horizontal pullback support, 50% fibonacci retracement, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 77.19 (horizontal swing high resistance, 50% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY approaching resistance, potential drop!NZDJPY is approaching our first resistance at 77.45 (horizontal pullback support, 61.8% fibonacci extension , 61.8% , 38.2% fibonacci retracement ) and a strong drop might occur above this level pushing price down to our major support at 76.85 (100% fibonacci extension , 76.8% fibonacci retracement ).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
NZDJPY Approaching Resistance, Potential ReversalNZDJPY is approaching its resistance at 78.14 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is has a potential to reverse down to its support at 77.70 (horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal might occur.
