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Nzdjpyshort

NZDJPY Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of NZDJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 06 Oct M > Market is moving in a downward channel, price dropped from resistance of channel. W > Price tested resistance level thrice and faced rejection to create triple top. We can see a W formation and can set its neck as a target. D > Price has not been able to break daily support level for the second time, we have a triple bottom. Price has now retraced to previous support, now turned resistance and expect it to make another attempt to the downside. As per COT NZD saw addition of few Long and more Short reducing net positions, confirming weakness of NZD for the said week. ZXY improved its position last week. JPY had closure of both Long and Short reducing net positions, this made JXY weak for the said week. Whereas JXY slightly recovered its position last week. 4H > Price is currently making HH and HL and is now testing daily resistance. We need to monitor price action for reversal. Pair Correlation > NZDJPY has positive correlation with NZDUSD, AUDUSD, AUDCHF and AUDJPY and negative correlation with EURAUD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
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by AP17FX
NZDJPY NEW + UPDATED Hello Dear Traders, here is the full UPDATED Analysis / Breakdown for NZDJPY. HIT THAT LIKE AND FOLLOW BUTTON! A like & a Follow or comment is a Free way to Show your support! Conditions - 1.Wait for confirmation(Wait For Price Action Confirmation / Market Environment Change ) 2 .Use Risk Management (Risk 1% of your capital) 3.Do your Own analysis! 4.Follow for more Analysis like this! Your Support is Appreciated! See You in the next Educational Video / Analysis #likeandfollow
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by Global_Fx
💡 NZD/JPY 📉👋 Hello and welcome traders to another trade idea with Fobian ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 👉 WE will waiting for SELL conformation: - We have downtrend. - MACD give us SELL signal. - Candle close below ASIAN session. 💡 Why should you follow our profile on TradingView? Consistent chart updates Clean charts Short and long-term perspectives Visually teaches you valuable lessons High probability setups Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
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by TBFinan
NZDJPY - BEARISH BIASNZD - BEARISH 1️⃣ Risk-averse market environment at the start of the week provided a boost to the safe-haven USD and caused the Kiwi to fall sharply. 2️⃣ In the early Asian session on Wednesday, the RBNZ will announce its Interest Rate Decision and release the Rate Statement. JPY - BULLISH 1️⃣ Trepidation about the global economic outlook as novel coronavirus infection rates continue to increase. Data from Johns Hopkins University on Sunday showed that cases have increased by at least 10% in 31 US states while European countries from Denmark to Greece announced new restrictions last to contain virus infections in some of their largest cities. ===== TECHNICAL ===== - We're keen to sell NZDJPY on SBR level on H1 chart. - NZDJPY in bearish zone.
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by MonsunAsia
NZDJPY pre-market analysisIt's been a while since I've published anything, so here we go! At the last week's close, price seemed to reverse upwards, so I need to find where it's going to end up. I identified a downward trendline, and it crosses near the level that's associated with a prior consolidation period, so most would say that there's some sort of confluence going on here. We now make a hypothetical trade, taking a recent high as SL, and the lower level of that side-ways move as TP. And it has a lower than 1RR, which indicates that this trade is risky. When a trade's risky, price will often move to its SL, right? Which leads us to the next step, which is moving our entry to match the previous SL I hope that the market will drop after it has stopped out the people who took the 1st trade. But I do have another setup in case that fails as well. The rest of my thoughts are on the chart above for you guys to see. Happy trading.
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by NhatHoang123
NZDJPY - BEARISH BIASNZD - BEARISH 1️⃣ Investors were cautious on news that AstraZeneca paused its late-stage trial of one of the leading COVID-19 vaccine candidates after an unexplained illness in a study participant. 2️⃣ Director General of Health Ashley Bloomfield reported six fresh cases of the novel coronavirus in New Zealand, all of which are linked to the Mt Roskill "mini-cluster." 3️⃣ Manufacturing sales in New Zealand plunged 12.1% year-on-year during the second quarter, posting the largest fall since the series began in 1994. JPY - BULLISH 1️⃣ Traders sought the safety of haven assets following news that AstraZeneca paused its late-stage trial of one of the leading COVID-19 vaccine candidates after an unexplained illness in a study participant. ===== TECHNICAL ===== - We're shorting NZDJPY on SBR level + SMA100 area on H1 chart. - NZDJPY still in bearish zone.
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by MonsunAsia
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