NZDJPY created a nice falling wedge pattern and the current price action confirmed a bullish breakout. Here considering the Fibo retracement we can expect a decent recovery . this trade has a probability of 90%
#NZDJPY
Market has broken out of descending channel at the level of previous support now acting as resistance. Also the market has retested .
So i am looking for a sell move in 4-H timeframe.
There have been 3 fabulous months for NzdJpy (In fact for all JPY pairs), with the pair gaining around 1200 pips, but more importantly, more than 15% (a lot for a forex pair).
As it was normal after such a run, after reaching 87 figure, the pair dropped hard, making the first leg of correction.
Now the pair is in recovery again and a new leg down can...
currently, we are seeing the price held by a strong support level at 86.610, I will wait for the price to break out of the support level with strong momentum down before placing any sell order.
**Disclaimer** the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent...
NZD-JPY was trading in a downtrend
Below a falling resistance line
But the the resistance was broken
To the upside , And I think that after the pullback and retest
the broken falling resistance line , we will see a move up
Towards the target above
Trade Idea: Sell NZDJPY
Reasoning: Broken through descending triangle, looking for weakness to continue.
Entry Level: 83.230
Take Profit Level: 82.40
Stop Loss: 83.64
Risk/Reward: 2.02R
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
We are expecting NZDJPY Bullish in Monthly TF. Market have broke the all mid Liquidity levels, We c still have a chance to buy from Demand Zone if market drops to this level, Then market will hit the Monthly Supply
- The DATA BUILDING CONSENTS, ANZ business confidence, for the New Zealand dollar is due out this week. These are very LOW IMPACT NEWS. According to the MARKET SENTIMENT, a DEMAND may come to the NZD this week. Also, the Japanese yen is following the market sentiment as there is no special data release for JPY.
- China has decided to lock down the Shanghai...
The New Zealand dollar continues to rally rather significantly, especially against the Japanese yen. The Japanese yen has been crushed against almost everything on the planet, and it looks as if the New Zealand dollar is trying to clear the ¥85 level. Breaking above there would open up the possibility of a runaway market. That being said, I would not be surprised...
