Nzdjpysignal
NZDJPY - BEARISH BIAS#NZD - Bearish Mode
Recap:
1️⃣ U.S.-China tensions were once again a focus after China ordered the closure of a U.S. consulate in Chengdu and US Secretary of State Mike Pompeo urged China’s citizens to help ‘change the behaviour’ of their government.
2️⃣ Negative performance was driven mainly by global risk sentiment moves.
Review:
1️⃣ It’s another quiet week ahead on the economic calendar. Away from the numbers, private sector PMIs from China, COVID-19, and geopolitics will remain in focus.
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#JPY - Bullish Mode
Recap:
1️⃣ A weakening U.S Dollar stemming from the progress towards a COVID-19 vaccine supported the Yen. Also, this currency had been supported by risk aversion sentiment due to US-China tensions.
Review:
1️⃣ Progress towards a COVID-19 vaccine would pin back any upside in the Yen. Support could come from the U.S administration, however.
NZD/JPY : Sell on Pullback ConfirmationLooking For Downside Movement after Pullback confirmation.
ThankYoU
NZDJPY: possible retracement to enter a long position. Pair has signs of short term reversal. If price breaks the current minor support we can see more downside towards the support zone of the horizontal support & lower ascending trend line.
Price could potentially face more downwards pressure so it is important to wait for clear reversal pattern before going long.
Short opportunity when both the support zone is broken and gets a retest.
NZDJPY / SHORT IDEA / STILL BELIEVE THIS WILL TAKE A TUMBLEI believe this will take a big fall, price appears to be heading towards its previous high and is moving away from my key level
I am going to wait until price breaks this support zone and the trend line before selling
NZDJPY - SHORT IDEAPrice has spiked up towards its previous high, I see divergence and im expecting price to break this zone and retest before shorting
UPDATE ON NZDJPY LONG TRADEHello traders, this is the update on the NZDJPY trade that I forecast on Jul 20. Check the previous forecast below. Let me know if you guys have any questions. If you like my analysis please hit like and follow. Thanks.
NZDJPY / DECENT SELL / 1000+ PIPSAs we can see from the chart, price has broken through support and is now consolidating above another level of support
It did this previously and then dropped to the next support level
I expect the same thing to happen here, just waiting for confirmation before we take the sell
NZDJPY - SOON SELLFrom what I can see price is heading for its resistance zone before dropping again, once it reaches this area I will be looking for longer sells
NZDJPY - SELL INCOMINGI anticipate price will reach its previous level of reistance before any major moves happen, we can go long on this for the time being but im going to wait until i see confirmation of a fall
I can see a pretty big fall coming $$$
250+ PIPS!? SELLPrice is consolidating in the support area.. wait for breakout and price to close below support then sell to target area
NZDJPY Long trade update and short trade planHey guys, here is the trade plan for NZDJPY. As you guys can see we have a resistance level @71.565 and now we just have to wait for the price to come to our sell zone. For trade entry details, please refer to the chart. Let me know in the comment section if you guys have any questions. If you guys like my analysis please hit like and follow. Thanks.
NZDJPY BREAKOUT-UP OR DOWN?With Price ranging in a channel around the resistance region.
A breakout is imminent,What will become of NZDJPY? will it breakout upward or downward.?
Well i strongly feel that since price is consolidating around the resistance region..We may see some breakout in price in the upward direction.
However,On a personal note This is a clear no trade zone for me until i see a breakout in either direction
NZDJPY - SELLWait for confirmation and price to break through support before putting in a sell to the green area
NZDJPY - SELLAs we can see price closed below support so we are in a sell and looking to TP somewhere near the green area
NZD/JPY Technical Analysis
The counter has been declining steadily ever since it hit the high of 71.663.
However, it has now found support the levels of 68.226 amid testing it twice.
It has formed a bullish pinbar followed by three white soldiers, which is a powerful reversal signal.
Further, it has crossed the bearish trendline with a strong bullish candle.
Hence, we expect the pair to move to resistance placed around 70.000 level.
NZDJPY LONGI anticipate a formation of a triple bottom on the 4H chart and a double bottom formation on the daily chart.
Price has also reached the weekly support zone which has been tested before (blue zone). On the monthly chart the same zone has been a critical area of resistance, I anticipate this zone to be broken on the monthly chart to continue an upwards trajectory.
BUY LIMIT @ 68.321
SL: 67.778 (-54.3 pip risk)
TP1: 69.558
TP2 70.756
TP3: 71.624
NZDJPY, FREEFALL..JPY again showing some movements plus COVID-19 isn't going anywhere.
ALL major pairs will dip for sure..
You can enter with good R:R ratio..
You can ask if you've any confusion..
