Jsarm727

Jsarm727

NZDJPY has been very bearish since last week. There's a possibility that it continues and follow it's bearish trend, which there is a good chance of, otherwise this could just be a fakeout and return back to its uptrend. My target would be 75.000 if it does break down lower. Good luck and we'll see how this pair move for the rest of the week. Attached below is...

Jsarm727

Here we may finally see the start of reversal on USDJPY. Waiting for a retrace before going short would be a good idea here after a big push to the downside. Goodluck!

Jsarm727

NZDJPY is looking very bearish, which means we are on a downtrend. We can look for a retracement and there we can short this pair.

Jsarm727

In this 15 minute chart, I can see that NZDJPY has formed an ascending channel which is known as a bearish pattern. Here I have a 20 pip stop loss with a 100 pip take profit. Let's see how this trade goes.

Jsarm727

In this 15 minute chart of NZDJPY, we can see that it is currently in a correction. Being that it is in a downtrend, we can expect further sell off in this pair as it has been showing weakness. The next support I have is 76.452 and can potentially be the next target/destination for this pair.

Jsarm727

I see a double bottom formed on the hourly chart of NZDJPY. If this pair continues to trend higher in the 1 hour timeframe, there's a good chance that it will go for the resistance at around 78.60.

Jsarm727

Using the fib retracement tool from the last dip we had to the recent top, it looks like this pair has reached the 50% retracement. Looking to if a bullish hammer candle is forming to get a potential confirmation that the pair is going to reverse from here. If we do reject the current area, there is a good chance that this pair will likely target 80.000 as the...

Jsarm727

In this 4 hour chart, I see AUDJPY near the 50% fib retracement and has a possibility of finding support here and reversing back to the upside after an impulsive wave up. To confirm, we must wait for a candlestick rejection, whether it be a bullish hammer or engulfing candle.

Jsarm727 Updated 

NZDJPY is at resistance and lines up with the downtrend line here in the 4 hour chart. Also, I am seeing it forming an ascending triangle in this this time frame as well, which is usually followed by a drop. I have included a fib retracement as well to show us possibilities of where the pair might retrace after its bullish move from last week. Let's see where how...

Jsarm727

My ongoing trade is a long/buys from my green box with confluence to my uptrend line. As long as it doesn't break below my green box, I am looking for at least an 80 pip move to the next resistance. To be safe, wait for a confirmation before entering. Have a great trade!

Jsarm727

I am waiting for the pair to retrace back to the supply, which is in confluence with my 0.382 fib retracement (yellow line). Once it does reach that point, there is a very good chance that NZDJPY gets rejected and creates a lower high.

Jsarm727

On this daily chart of NZDUSD, I am seeing a wedge pattern for this pair. So far, it is creating higher lows in the lower time frames (30 minutes,1 and 4 hour). As long as it holds this area around 0.7010 where my green rectangle is, I would be leaning more towards it breaking out. However, if it breaks below that, then there's a likelihood of NZDUSD coming down...

Jsarm727 Updated 

Looking at the 1 hour chart, an impulsive bearish candle was the result of NZDUSD being rejected around the 0.7084 area. Now I am looking for it to create a lower high in this timeframe and pullback to the 0.7017 area to retest. Let us see how this trade goes!

Jsarm727

Another long opportunity for NZDUSD! Once downtrend line is retested, I am expecting price to go to my sell zone area which is the red box.

Jsarm727

There is a good chance that NZDUSD can be making its 4HR higher low from here after a fakeout to the downside. Let's see if buyers can step in and create that and potentially break this ongoing downtrend.

Jsarm727 Updated 

NZDUSD has formed an engulfing candle on the daily chart and ended up closing above 0.69500 area (which were the lows that the pair found support. Looking to go long from where I drew the orange box and taking profit around the area of 0.70200, where the pair may find strong resistance. Wait for confirmation before taking the trade, as no trades are 100%...

Jsarm727

Looking at the 1 hourly chart, I see that NZDUSD has broken out of the downtrend line I have drawn. We could be retesting as well as a possibility of creating a higher from here. I would suggest waiting for confirmation before entering as this is not fully guaranteed. Thanks for looking and have a great trade! OANDA:NZDUSD

Jsarm727

With the third round of stimulus being passed, I expect this pair as well as other pairs against the U.S dollar to climb higher. From how NZDUSD is developing, it may test the 0.7300 level and act as a resistance. However, if it doesn't, I see 0.7585 as the next level of resistance this pair may have difficulties with. This is just my scenario of how I see...