NzdJpy is in a clear downtrend for 7 years now, with the pair dropping from 93 high to 60 low in spring. After a normal correction/medium-term uptrend and a high around 72, the pair is in consolidation/distribution from the beginning of June. Clear support is marked by 69 figure and a drop under this support would signal resumption of long term downtrend and a...
NZDJPY-Technical analysis The price was closed below the 70.000 key psychological level leaving a doji candle. And currently ZNDPY has retested the 70.000 level and its unable to break firmly We can sell this pair now and the swing target would be 68.900 and stop lose may placed above the 70.500 level SWING TRADE-NZDPY Entry point @ 69.900 Take profit @...
NZDJPY After peaking the September month high around 72.00 which is a key psychological level its felled towards 68.640 which is a low volume area and find some buyers and making series of Higher high higher low patterns. From Sep-09 to Sep-18 it was trading in a range and felled below the range. I have marked some levels are acting as accumulation and...
The zone of 71.100-200 proves to be a tough nut for the pair. Despite multiple attempts, the price is unable to break above it. Further, the price action has formed an evening action star pattern at the resistance zone. Hence, we expect the pair to be bearish in the near-term.
Fib retest and fall to 68.100 zone.
Another breakout, waiting for retest before selling
I believe this will take a big fall, price appears to be heading towards its previous high and is moving away from my key level I am going to wait until price breaks this support zone and the trend line before selling
Price has spiked up towards its previous high, I see divergence and im expecting price to break this zone and retest before shorting
As we can see from the chart, price has broken through support and is now consolidating above another level of support It did this previously and then dropped to the next support level I expect the same thing to happen here, just waiting for confirmation before we take the sell
From what I can see price is heading for its resistance zone before dropping again, once it reaches this area I will be looking for longer sells
I anticipate price will reach its previous level of reistance before any major moves happen, we can go long on this for the time being but im going to wait until i see confirmation of a fall I can see a pretty big fall coming $$$
Price is consolidating in the support area.. wait for breakout and price to close below support then sell to target area
Currently, NZD/JPY is trading at 66.68. The pair is trading in an up trend from 18th May after breaking resistance level at 63.98. Although, the pair has already touched its resistance level and is now moving in a sideways trend. It may start a new down trend if it breaks the neckline at 66.40, the first target will be at 65.01, and the second target at 64.15. Do...
As shown in the chart, a short term bullish move can be expected in NZDJPY, especially after positive news came of NZD's CPI announced earlier today. A short term upward move with the next resistance 65.050 levels can be expected.
NJ here. This pair has failed to break this resistance level for over two weeks now, with a correction over the past few days due to the corona virus manipulation it has come up too a level of interest. Upon a daily candle closure forming as a shooting star, doji or spinning top, I will be looking to take short trade from the purple box region. Taking partial...