#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...
- NZD FEATURE The NZD FEATURE currently stands at 0.6478 LEVEL. JPY FEATURE is getting a bit DOWN right now. The JPY FEATURE is a bit UP with the RISK OFF of the previous days. Stay tuned for the VIX INDEX. Currently VIX is getting somewhat DOWN. The NZDJPY price is ready to move higher than the DYNAMIC LEVELS.
- Currently the OVERALL MARKET is showing a...
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
⛔️ NZD FEATURE is currently DOWN. The main reason for that is because MARKET RISK OFF. It will be UP again. But according to the current situation in the market, the DOWN TREND is still going down. The NZD FEATURE stands at 0.6319 LEVEL. The JPY FEATURE has been heavily DOWN before. Stay tuned for the VIX INDEX. Currently VIX is getting somewhat DOWN. The...
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...
Hey traders, here is the analysis for the NZDJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. Disclaimer:- This is not financial advice.
the chart analysis is self-explanatory.
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Trade with good risk management because the market trend can change so fast. Analysis is based on recent data and valid if the...
- RBNZ MEETING, one of the most important events for the NZD this week, was held. Everyone expected the RATE HIKE to be 25bps. But they increased the RATE by 50bps. You can watch it from ECONOMIC CALENDAR.
- NZD FEATURE is currently down a bit. The main reason for that is because MARKET RISK OFF. Today there is a slight market risk on the situation. The...
- None of the important data for the NZD will be released this week. But some very LOW IMPACT NEWS are about to be released. NZIER Business Confidence, GDT Price Index, ANZ Commodity Prices m / m are released for NZD this week. Therefore, I think the New Zealand dollar will FOLLOW the MARKET SENTIMENT within this week.
- NZD FEATURE is currently slightly UP. ...
- 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...
