Nzdjpysignal
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.
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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 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.
This is the best area to Sell NZDJPY Hello friends, many traders might have sold NZDJPY too early.
The best area to sell NZDJPY is between the Upper TL of the Rising Wedge pattern and the 100D EMA i.e. between 66.50-67.70.
This will be a very low-risk sell set-up with potential for huge rewards.
NZDJPY technically based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 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.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!
NZDJPY NECKLINE BREAOUT FORMATIONHello guys OANDA:NZDJPY has broken the neckline and is now showing downward reversal pattern to the target 1 zone.
NZDJPY - Ascending Triangle Break-down Sell Opportunity| 1:2 R/R📢NZDJPY 4H - Technical Breakdown
📈Price levels have been respecting the ascending support over the last 3 weeks. The current market price appears to be losing momentum as it tests the overhead resistance at 65.950 for the third time.
📊A break to the down-side breaching the ascending support will present a good risk to reward sell opportunity entering when price levels breach the 50 EMA @ 65.100 for confirmation and looking to take profit around the 63.300 support region just passed the POC (Point of Control) for the visible trading range at 63.811.
NZDJPY BUY - 4HOUR (BREAK AND RETESTANALYSIS-
1. CLEAR UPTREND
2. PRICE HAS BROKEN ABOVE PREVIOUS RESISTANCE AND HAS COME BACK TO RETEST TO CONTINUE POSSIBLE UPWARDS MOMENTUM
3. WICK REJECTION AT KEY LEVEL AS PRICE ACTION CONFIRMATION
NZDJPY Continues to press against Resistance. What's next?Recovery in the global markets has reduced the demand for safe-haven Japanese Yen(JPY) while simultaneously, lending support to risk assets like AUD and NZD. Thus, we have seen a recovery in NZDJPY as well.
But, how long will it last?
In my opinion, the stock market hasn't bottomed out yet. There could be another leg down soon when the threat of an economic meltdown begins to show up.
That being said, NZDJPY has hit a crucial area. A strong break of this zone will see NJ reach 67 and beyond. On the other hand, if price reverses here, the support levels I mentioned could come into picture.
NZDJPY FIFTH WAVE OF ELLIOTT ( TERMINAL ) Abtin00Hello again guys
Our last analysis about fifth wave of 4 exactly done
In new analysis we can say we have a Terminal wave and we expect that fifth wave does not exceed the desire range
Put SL one dollar lower than lower price of Wave 4 that shown on chart
Enjoy your profit
Bingoooooo
NZDJPY ; Ascending Triangle H1NZDJPY is forming and trading inside the Ascending Triangle;
If it breaks bullish from the trend support we can earn 3% profit from the entry point.
Stop Loss : 0.80% from the entry point.
NZDJPY Trading Plan BUY - Riks Reward 1:2.5 Low ProbabilityNZDJPY Trading Plan BUY - Riks Reward 1:2.5 Low Probability
NzdJpy- correction underway?After breaking-down the consolidation just above 70 zone, NzdJpy fell hard last week, the pair losing 300 pips (almost 5%), with most of the losses done on Friday.
The pair stopped its descent just in 67 area support and, with the price being so far from its 50 EMA, a correction could follow.
The next important resistance comes into place at 70 old support.
Looking to buy
NZDJPY: A comprehensive Analysis. Will it reverse soon?NZDJPY has been showing a lot of strength of late. After breaking through the all-important support of 72 during last July and plummeting to 66, NZDJPY has recovered all its losses. For the last 3 months, NZDJPY has been rallying consistently.
This has happened due to better risk appetite in the markets.
Looking at the sentiment, I can assume that a lot of retail traders are short on this pair. In fact, retailers have been selling this all throughout December.
So, is there any hope for the sellers?
Technically, NZDJPY has reached the 100 week EMA which can dampen the rally.
Secondly, it has also reached a descending Trendline Resistance, which has stopped the price on previous occasions.
And, most importantly, price is now at the Broken Support zone which can obviously work as a strong resistance now.
So, technically, there is a good chance for the sellers.
However, the market doesn't work as per colorful lines and patterns on our chart.
It works when the institution step in.
Based on price action, I can definitely say that the rally is overextended at this point.
We have also seen the presence of institutional sellers in the 72 area.
So, if I see price struggling here or a strong downward impulse, I will sell this market. Some kind of triggers such as bad economic data or risk-off events can push the price downward.
