See Signposts for key price action details.
Price is facing bearish pressure as it holds below both the descending trendline resistance and Ichimoku cloud, in line with our bearish bias. We could potentially see a further downside as price is testing our 1st resistance at 76.157, in line with our horizontal overlap resistance, 38.2% Fibonacci retracement and 100% fibonacci extension. A break below our...
NZDJPY trade forecast video. We are finally in a buy trade with a backup trade in place.
Price is approaching support where we could see a bounce above this level.
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
Akin to my previous forecast on USDJPY, price is now on my resistance trendline. probabilities
With our fundamental bias, understanding that Japanese Yen is expected to stay weak for the next 4-6 weeks, we can take advantage of some bullish setups for NZDJPY for the next 4 weeks. Right now price is at a nice Bullish entry as a front-run for next week. Enter your BUY order around 75.615 and your Take Profit price at 76.284 (always make sure to set a...
Entry break of trendline with stops above the high. Aiming for the major trendline Confirmation: - MACD divergence - Wedge resistance
Entry break of trendline with stops above the high. Aiming for the major trendline Confirmation: - MACD divergence - Wedge resistance
NZDJPY has broken above the previous highs on the H4 timeframe. We will be looking for rejections off one of the fib levels to take us towards our take profit target (-61.8 fib extention level).
NZDJPY is on a strong bullish trend. The price last week broke above the monthly resistance still inside the daily ascending channel. According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue...
NZDJPY is based below resistance level at 75.60 Price broke minor uptrendline MACD shows bearish momentum RSI is in downtrend we r waiting price to break support level at 75.40 to open short trade It's expected to target major uptrendline near HVN level at 74.79
NZDJPY could have potentially made a double top and on its way down. Wait for correction to break on smaller timeframe before entering with stops above the highs. We also have MACD divergence, indicating that the pair is toppish and will be reversing soon.
NZDJPY could have potentially made a double top and on its way down. Wait for correction to break on smaller timeframe before entering with stops above the highs. We also have MACD divergence, indicating that the pair is toppish and will be reversing soon.
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : NZD/JPY ⚪ Technical Analysis : On the 18th of January 2021, the price bounced on its wedge's trendline, getting a strong...