Hey Traders, in the coming week we are monitoring NZDCHF for a selling opportunity around 87.300 zone, NZDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 87.300 zone.
Trade safe, Joe.
Update for NZDJPY.
The price formed an ascending triangle formation on a 4h time frame.
To buy with a confirmation, wait for a bullish breakout of 0.8707 - a neckline of a triangle.
4H candle close above that will confirm a violation.
A bullish continuation will be expected to 0.8746 / 0.877
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Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
NZDJPY has been overall bearish trading inside the falling channel in red, and it is currently approaching around the upper trendline.
Moreover, the zone 87.5 is a strong resistance.
🏹 So the highlighted red circle is a strong area to look for trend-following sell setups ...
The NZDJPY pair has been trading within a Bullish Megaphone pattern since the March 24 Low. It has been though on its longest correction in the last 1.5 months and on Monday hit the bottom of the Bullish Megaphone. For as long as it holds, this is a potential early buy signal as the price also made contact with the 1D MA100 (green trend-line), which is the level...
Hey traders,
Daily
***market broke recent key lavel, and making retest....
Hourly
**Market touched the strong resistance trend line
*Confirmed 2 candle rejection
We have targets
Lets ride with market
NZDJPY - 24h expiry
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
86.30 continues to hold back the bears.
Bespoke support is located at 86.27.
86.27 has been pivotal.
We look to buy dips.
Daily signals are mildly bullish.
We look to Buy at 86.45 (stop at 86.05)
Our profit...
Hey Traders, in today's trading session we are monitoring NZDJPY for a buying opportunity around 85.600 zone, NZDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 85.600 support and resistance zone.
Trade safe, Joe.
Hi guys, for this next one I expect a dip on NJ due to weekly and monthly price actions, all things considered we will wait for a test of any of the regions and a 15m TF break of structure confirmation, then we hop in sells.
We then hope to see a run to the downside and close out towards the end of next week. Keep your fingers crossed....
Fast intraday search through my watchlist.
You can follow the price with candle confirmation or whatever strategy you have.
None of these are 100 %, complete confident analyses.. this market is all about probability .. so try to work on your risk management and self-control.. all the traders in the world can tell for sure what's going to happen or where the price...
NZDJPY gave us last time (May 05) a very accurate buy signal that hit the target (see chart below) and even broke the 1 year Resistance Zone:
The pattern that emerged is a Bullish Megaphone, whose latest Higher Low leg is supported by the 1D MA50 (blue trend-line), having closed all candles above it. As long as it holds, we remain buyers and target Resistance...
Trend Bullish
Momentum bullish
Pivozs bullish broken, we will make new Higher Highs
If the NZD/JPY breaks the abovementioned price level, the next stop would be the 89.00 psychological level, as the pair gets on its way toward testing the 2015 high at 92.42. Conversely, the NZD/JPY first support would be the May 23 high at 87.31, which, once cleared, would...
NZDJPY is trading inside a Channel Up since March with the 1D timeframe neutral (RSI = 52.530, MACD = 0.380, ADX = 27.602) after last week's rebound on the 1D MA50. This tells us that this is the technical pivot and as long as it holds the new Higher Low for the Channel Up, hence a bullish signal targeting the R1 (TP = 89.675).
If the price crosses under the S1...
NZDJPY is trading inside a Channel Up and Wednesday's contact with the MA50 (1d) resulted in a 3 day rebound so far.
That was the latest Higher Low at the bottom of the Channel Up, the previous was also formed on the MA50 (1d).
The two bullish legs have risen at least +7%.
Trading Plan:
1. Buy on the current market price.
2. Sell below Support (1).
Targets:
1....
NZDJPY - 24h expiry - We look to Sell at 88.80 (stop at 89.30)
Broken out of the channel formation to the downside.
Further downside is expected.
Although we remain bearish overall, a correction is possible without impacting the trend lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 88.00 will confirm the bearish momentum....
NZDJPY - 24h expiry - We look to Sell at 87.50 (stop at 87.90)
Broken out of the channel formation to the downside.
Further downside is expected.
Short term RSI is moving lower.
Risk/Reward would be poor to call a sell from current levels.
A move through 86.75 will confirm the bearish momentum.
Our profit targets will be 86.50 and 86.25
Resistance: 87.00...
NZDJPY is trading in a long term bullish trend.
The price broke and closed above a key daily resistance this week.
After a breakout, the price started a correctional movement within a bullish flag pattern on 4h time frame. Retesting the broken structure, the price bounced and violated the resistance of the flag.
It will most likely trigger a trend-following...
NZDJPY hit the top of the 3 month Channel Up on a peak formation that's the same as the previous Higher Highs.
This is a prime candidate for a short position considering that the 1day RSI also displays a Bearish Divergence.
Sell and target the 1day MA50 at 86.750, even though the pull back can extend as low as the 0.618 Fibonacci based on the previous Channel Up...
