checking from our last nzdjpy analysis i tagged below we see price falling as predicted after we previously took a buy
I mentioned about selling NZDJPY at 73.25 in my previous analysis. As you can see we are already 50 pips down from that point and I believe there is a long way to go. NZDJPY rally failed at two crucial areas: 1) The 100 Week EMA 2)Descending Trendline Resistance. In addition to the technical factors, there are other fundamental aspects such a correction in the...
FX:NZDJPY OANDA:NZDJPY FOREXCOM:NZDJPY
Expecting an upside bias..Trade safe use minimum risk..Be Blessed
unconfirmed ascending triangle. waiting for closing above the resistance zone
NZDJPY reversed off its resistance at 73.483 where it could potentially drop further to 71.910. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY LONG ANALYSIS- 1. BREAK OF DESCENDING TRENDLINE 2. RETEST OF TREND LINE 3. BULLISH PINBAR FORMATION AT TREND LINE
SELL NZD/JPY Entry 1 72.680 Entry 2 72.780 Sl 72843 Tp.1 72.420 Tp.2 72.250 Tp.3 72.040
NZDJPY Looking similar to NU pushing up and rejecting off residence nicely. Still a little bit to early to hop into shorts but it is looking really good we could see one or two final pushes to the upside before we roll over and melt down to 70.00 and possibly lower. Definitely on the watchlist for now.
NZDJPY Still looking like an amazing short. If you got stopped out not a problem more trades are on the way! If you are still in this trade and you have not moved your stop loss to your entry do so now. I do feel we could push much lower.
NZDJPY bounced off 69.261 where it could potentially rise further to 69.630. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Let's see if this plays out this week. Good luck, FIBZ
NZDJPY is expected to drop to 1st support at 69.322 where it could potentially react off and up to 1st resistance at 69.627. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
D1 FRAME NZDJPY DOUBLE BOTTOM PURPLE TRENDLINE IF CAN BREAKOUT SAFE LONG TRADE