NZDJPY expected to rise up to 1st resistance at 65.274 where it could potentially react off and drop down to 1st support at 63.832. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Sell stop at 64.947 just in case it's a quick shot down.
NZDJPY Multitimeframe analysis 1D As we can see on 1Day chart market formed a nice double top pattern at the supply zone and price rejected from it nicely , we can expect to see a major drop in it. 4H As we can see on 4Hour chart market got rejected from the demand zone , but at the same time market creating a lower low. so, we might see a price rejecting from a...
Hello friends, many traders might have sold NZDJPY too early. The best area to sell NZDJPY is between the Upper TL of the Rising Wedge pattern and the 100D EMA i.e. between 66.50-67.70. This will be a very low-risk sell set-up with potential for huge rewards.
Hello guys OANDA:NZDJPY has broken the neckline and is now showing downward reversal pattern to the target 1 zone.
📢NZDJPY 4H - Technical Breakdown 📈Price levels have been respecting the ascending support over the last 3 weeks. The current market price appears to be losing momentum as it tests the overhead resistance at 65.950 for the third time. 📊A break to the down-side breaching the ascending support will present a good risk to reward sell opportunity entering when price...
Recovery in the global markets has reduced the demand for safe-haven Japanese Yen(JPY) while simultaneously, lending support to risk assets like AUD and NZD. Thus, we have seen a recovery in NZDJPY as well. But, how long will it last? In my opinion, the stock market hasn't bottomed out yet. There could be another leg down soon when the threat of an economic...
The counter has broken down from a bearish flag pattern. It is currently consolidating just below the broken trendline. Hence, we expect the pair to head down from here.
Watch the Flag Before Sell . After Broken the Flag we can sell . ThankYou
-Bearish Trend - Entry position at PL -63.3339 - Predicting price to fall around PL-60.100
Hello traders. Here is our analysis on NZDJPY As we can see that it did hit its resistance and trendline resistance and is falling down to its nearest support. One can take a sell call by keeping TP at 62.000
NZDJPY possible short intraday trade opportunity
Hi subscribers! The New Zealand dollar is plummeting. A few days ago, the price was at a key level (70,000). Immediately after that, the price fell even more and will continue to do so to the support level. Target at (66.855). If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
NZDJPY has been showing a lot of strength of late. After breaking through the all-important support of 72 during last July and plummeting to 66, NZDJPY has recovered all its losses. For the last 3 months, NZDJPY has been rallying consistently. This has happened due to better risk appetite in the markets. Looking at the sentiment, I can assume that a lot of retail...