Trend Analysis The main view of this trade idea is on the 30-Min Chart. The FX Cross NZDJPY is in a symmetrical triangle setup. The support trend line is connected by the 76.50 and 77 high lows while the resistance trend line is connected by the 78.11 and 77.60 lower highs. Expectations are for a breakout higher, with a target of 78.50. A failure of this setup...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
if we look on the daily chart it look like invented head and shoulder patern, the price is currently on the demand area and 50% of fibonacci retracement which has moving price upward once (marked with number 4) and now the price is rejected upward from the same demand area on the 4 hours chart, the price close below trendline and moving up again and close above...
NZDJPY has approached the weekly and monthly support. Long on the Break of TL and retest of resistance.
since jpy is strong what should we expect from xxxjpy pair??? next week would bring us goodies...
this currency pair has been trading inside the given Channel since March 2020. Recently the pair broke through a significant Resistance zone , came back and tested it and now seems ready to go into a buy . Bulls seem strong at this point, hence my final Target is 79.20!!
Fibonacci retracement levels connect any two points that the trader views as relevant, typically a high point and a low point. The percentage levels provided are areas where the price could stall or reverse. The most commonly used ratios include 23.6%, 38.2%, 50%, 61.8%, and 78.6%. These levels should not be relied on exclusively, so it is dangerous to assume the...
NZDJPY is approaching a support that is also the 0.618 fib level of it’s recent impulse, if price tests this support and closes above we can expect a nice long to at least the 77.5 levels. If price manages to close below the support and break it we could see a second test of the 74.5 support. Wait for the market to test this support and react.
BUY: NZD / JPY SL @ 77.190 TP @ 78.470 Max Risk: 2% (When calculating, do not forget about different spreads from Brokers) Leave comments or likes to keep our content free and alive. Have a good week to everyone
Finally the down channel has been broken up. there was many retest for the trend line which is holding very well. NZD is quite strong due to the good news about the covid-19 cases decreasing and the end of lockdown, on the other hand the bad news are everywhere around the USD and the slow recovery. That's why i prefer to go long with this pair.
price broke clear S&R level and downtrend line on 4h and retested its also supported by small uptrend line on 1h placed SL below previous low and targeting daily high
NZDJPY has completed Wave (z) for Complex Correction at Wave 4. We looking for bullish entry but it must breaks Trendline first. If failed, the Complex Correction to be extended.
DEAR TRADERS, IF YOU WANT TO PERFECT BUY ENTRY. PLZ! WAITE TO BREAK OUT TREND LINE. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If you like this idea, do not forget to support with a like and follow. Traders, if you like...
This chart should give you a clear picture of the money distribution that needs to occur before we see the next strong move. I think NFP will push the price past this wick before collapsing. NZD has been a beast in the markets, New Zealand is facing increasing pressure from COVID issues but the price continues to rise. Classic manipulation but it must come to...
NJ is making a bull run this month. According to Marketmilk on the monthly timeframe, JPY is on the lower end of the spectrum. There are two buy setups.
Down she goes! I am expecting to fade a sell here on the pullback of the bullish run. Price wiped both highs to the left but left some bullish liquidity trapped on the way up. I believe now may be the right time to take a plunge at sells. The team has been involved since the morning.
We open a long position for this week to reach next target