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Nzdjpysell

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
NZD JPY is Yearning to touch that SupportIf I could draw your attention to what price did in my circled area Oct 20-Nov 1. We can see that Price was missing its support after the drastic fall and that there was enough Short sentiment to make sure that it got there before taking off again. I believe that we are in the same situation once again. It may retrace up and find its inner resistance first, or it may not. The NZD can fall faster than most as some in history have made millions off of shorting NZD. I would expect sideways/upper movement for the next 24 H (1 Day), until it touches that resistance line, at which time I would recommend short selling with a limit at the weekly (April) Support 75.65 a bouts. Judging from the (circle price action) I would say it would be within 6 days from now to reach your limit. PS. I don't think its wise to try to call out when this big guy is going to turn North, go with the trend in my opinion, until it betrays you. PSS. This is my first post. So I'm sorry if its not well done, but I wanted to give you guys the overall picture of how I see it playing out. If you sell now: Risk Return 24:90 Pips (1:3)
Short
by PipMiesterStronger