NZDJPY may potentially complete a bearish bat at significant trendline resistance and a S/R zone. If price does reach this level before invalidating the bat patterns, there is a chance price could reach down past the X leg and complete a series of bullish patterns. Entry is placed at the bottom of the PRZ with targets at .618CD and bat/crab completion. SL is...
Rising triangle pattern found on NZD/JPY charts, with strong resistance at 83.20 trendline.
Price action is above the cloud and Tenkan and Kijun show bullish crossover above the cloud which shows upside potential, RSI points north while Stochs are in nuetral territory.
The kiwi making headway after slightly narrower-than-expected November trade deficit lends...
Looking to sell this at the right opportunity. Specifically if it breaks support, if it bounces up again, looking to sell at resistance. In either case, JPY as a safe haven will rise dramatically if stock market sees volatility to the end of the year.
FX:NZDJPY
SHARK:
Point B:
61.8% XA
Point C:
113% to 161% AB
Point D:
161% to 224% B C
88.6% to 113% XC
Target:
38.2% to 100% CD
Safe Trades;
open.spotify.com
www.rbnz.govt.nz
Just want the TV community to be aware of this fundamental change to the Kiwi across the board.
cid:image003.jpg@01CEAD68.470EA830
15 December 2015
Updated weights for Trade-Weighted Index
The annual re-weighting of the Trade-Weighted Index (TWI) will take effect on Wednesday 16 December 2015.
The TWI is a measure of the value of the...
The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 2.5 percent.
particularly in China.
Combined with increases in the labour supply from strong net immigration,
posting a financial stability risk.
CPI inflation is below the 1 to 3 percent target range,
Potential Inverted H&S in NZDJPY - Neckline falls at 81.05/81.15
Wait for a break to enter - targets fall at highs 82.64
Same H&S appears in NZDUSD - Check Link to Related Ideas for published chart
On the NZD/JPY 4h chart we have a potential short opportunity at the D leg completion of a Gartley Pattern.
The price reversal zone on this pair is between 81.636 & 81.937
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Gartley Pattern placed at the .382% and .618% retracement...
This is probably the best trade set-up of the day for me in terms structure. The market has come back to test a trend line resistance now turned support and at the same time completing a bullish cypher where there is a lot of structure looking left. The Risk:Reward ratio is more than 1:1 so let's hope for a winner.
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Dollar-yen bulls may be forced to take pause after central bank decisions, from each respective currency, give traders something to chew on:
The FOMC minutes yesterday were nothing short of redundant. I am beginning to think it is the same speech month-after-month, but financial outlets took whatever they could to spin it as hawkish as possible.
That should...
Today's open may very well have hit the lows as it took a strong bounce from there.
Other Yen pairs displaying the same price action.
Further confirmation could come from break of upper trend line, aggressive positioning from current levels against the lower trend line. BOJ up this week, could be the catalyst.
The Australian dollar is coming off a sizable gain against the greenback, following an employment jump of 58,600. This pushed the unemployment rate down to 5.9 percent from 6.2 percent in September. Analysts are expecting this to hinder further rate cuts near-term, while economist Stephen Koukoulas believes the Reserve Bank of Australia (RBA) may indeed raise...
NZDJPY could be long in the near future. A complex correction is approaching the 38.2% retracement level on the hourly chart. If this happens to be a wave 2 of a new Elliot cycle, the complex correction has a tendency to add allot of fuel to wave 3.
With the daily finishing a ABC correction and ending at wave 4 of the main cycle, this trade can go both ways. Im...
Option 1 - wait for the neckline of the H&S to break and hold below the break for selling this with target of 0.7785 and stops above the right shoulder.
Option 2- wait for confirmation of retest of the resistance price is currently at and buy with target the previous high @81.71. This option is supported by Stoch and RSI being close to oversold, and has a better RR.
Not a lot to mention in this setup.. Price has formed a bearish gartley pattern with D point at a major resistance level. The fact that price has moved a little higher than 0.786 gives us a better risk/reward ratio. Overall trend is a downtrend and RSI is way overbought..
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