NZDJPY is approaching our first resistance at 78.08 (50%, 61.8% fibonacci retracement, horizontal swing high resistance, 100% fiboancci extension, descending channel resistance) and a strong drop might occur below this level pushing price down to our major support at 75.60 (Horizontal pullback support, 61.8% fiboancci extension, 38.2% fibonacci retracement)....
NZDJPY is approaching our first resistance at 78.08 (horizontal swing high resistance, 61.8%, 50% Fibonacci retracement, 100% Fibonacci extension, descending channel resistance) where a strong drop might occur below this level pushing price down to our major support at 75.60 (horizontal pullback support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement)....
NZDJPY is approaching our first resistance at 78.084 (horizontal swing high resistance, 61.8%, 50% fibaoncci retracement, 100% fiboancci extension, descending channel resistance) and a strong drop might occur below this level pushing price down to our major support at 75.638 (horizontal pullback support, 61.8% fibonacci extension, 38.2% fibonacci retracment)....
Technical Analysis: Bias Bullish Support levels - 73.96 (55-EMA), 73.42 (20-DMA) Resistance levels - 74.65 (110-EMA), 75 (trendline), 75.54 (21, 26th Sept) Good to go long on dips, SL: 73.95, TP: 74.65/ 75
NZDJPY is approaching our first resistance at 75.53 (horizontal swing high resistance, 100% Fibonacci extension, 61.8%, 50%, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 74.43 (horizontal pullback support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (89,5,3) is...
NZDJPY is approaching our first resistance at 74.412 (Horizontal swing high resistance, 100%, 61.8% fibonacci extension, 61.8% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 73.541 (Horizontal overlap support, 50% fibonacci retracement). Stochastic (89,5,3) is approaching resistance and we might see a corresponding...
NZDJPY is approaching our first resistance at 73.95 (horizontal overlap resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 73.58 (horizontal pullback support, 100% Fibonacci extension, 23.6% Fibonacci retracement). RSI (34) is also approaching resistance...
It was 2015 NZD/JPY started falling. The downward trend still exists. But the price will have to rise first for a significant fall. That is why I am expecting C wave(upside) now. Then it will be transformed into a complete structure for the downside trend. Even if the current price is reduced again, the market's upward momentum will not change.
NZDJPY is approaching our first support at 72.43 (Horizontal swing low support, 61.8%, 100% fibonacci extension, 78.6% fiobnacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 73.57 (horizontal overlap resistance, 100% fiboancci extension, 61.8% fibonacci retracement). RSI (34) has seen a bullish exit...
THE EXPECTED REVERSAL HAS NOW OCCURRED NOW EXPECTED THIS TO MOVE UPWARDS TO THE PREVIOUS HIGH SEE PREVIOUS ANALYSIS I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE
NZDJPY is approaching our first support at 72.79 (Horizontal swing low support, 76.4% fibonacci retracement, 100% Fiboancci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 73.54 (Horizontal pullback support, 100% fibonacci extension, 61.8% fibonacci retracement). Stochastic (89,5,3) is approaching support...
Daily support level still holding up Pair is making higher high Buy limit triggered as pair retraces for the second time Stop loss kept below the relative low as it would void the uptrend momentum
I AM EXPECTING THIS REVERSAL INTO THIS RESERSAL RANGE BUFOR WE CONTINUE OUR UPTREND. FOR ALL THAT ARE FOLLOWING I AM SURE YOU WOULD HAVE SEE HOW GOOD THIS HAS GONE. SEE PREVIOUS ANALYSIS BELOW LIKE, FOLLOW AND COMMENT
Wait for the support level to enter the order.
NZDJPY is approaching our first support at 73.48 (horizontal overlap support, 38.2% fibonacci retracement, 100% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 74.13 (horizontal swing high resistance). Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price...
Pair: NZDJPY Trade: Long Time Frame: 4 Hour Strategy: Head and Shoulders Bottom (Reversal) DISCLAIMER: Please note I am only providing my own trading information for your benefit and insight into my trading techniques, you should do your own due diligence and not take this information as a trade signal.