See Signposts for key price action details.
75.5 level unlikely to hold supported. Payoff is greater on the downside as level looks to invalidate.
Position size reduced as this is counter-fundamentals
NZD is a relatively stronger currency as new Zealand's Q4 unemployment hints at V-shape recovery potential.
On the other hand, Japan is one of three...
I’d like to share some informative knowledge about the importance of following currency strength and sentiment. I am forecasting this long continuation for EURCHF based off knowing major currency strength and sentiment.
I forecast EUR to be third for currency strength and sentiment among major currencies to open the market. I can summarize this by observing CAD...
NZDJPY on the daily chart after the last impulse couldn't make new highs.
The price after the first bearish leg bounces over minor support and retraced to the 75 area, now look for a new lower low.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure ->...
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🟢 Forex Pair :
NZD/JPY
⚪ Technical Analysis :
Since November 2020, the price has been moving following an interesting ascending channel,...
Price is approaching our first resistance, in line with our horizontal pullback resistance, 61.8% fibonacci retracement and 78.6% fibonacci extension where we could see a reversal below this level.
Hey traders,
NZDJPY formed a bearish flag pattern and price strongly rejected the resistance level marked in red, the RSI was also showing a clear divergence on the 1 hour timeframe indicating potential bearish momentum. Price is currently breaking the support trend line of the bearish flag so I will be looking for short positions.
If you find this idea...
Price is testing our first support in line with our ascending channel, horizontal overlap support, 78.6% fibonacci extension and 23.6% fibonacci retracement where we could see a bounce above this level. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
Good morning traders, today we will analyze the NZD / JPY pair in both daily and 4H charts so that you can see what we expect in the short term in this instrument.
🔸First of all, we want to mark that for most of the year 2020 and so far in 2021, the NZD/JPY is in a strong bullish movement.
🔸It recently broke a strong Resistance zone, and retested it last week,...
more pull back with rejection here...
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no...
Nice expanding flag. Wait for price to reach the 78-88%. price should be in ABC corrective phase. It should be in wave C. If the ABC correct will reverse with this pattern it likes to reach the 78-88% and sometimes 100% or slightly more then reverse. For extra confirmation be very patient and wait for the W/double bottom to form or an inverse head and shoulders....
