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NZDJPY

SELL NZDJPY!!!So, what kind of situation we have in NZDJPY pair. If we see the trend lines, it's saying that it's a good time to short this pair as this region holds strong resistance. Also, in the 4 hr chart, we got conformation to sell this pair. So, if we take a short here then we will be taking profit at 65.300 approx. with a stop loss of 66.200. It's a good risk to reward ratio. Prices must follow the south direction. So, we are going to enter this trade now. Let's see what happens!!!! Stay updated :)
Short
by ng_forex
2
Don't miss the great buy opportunity in NZDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (64.1). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 47. Take Profits: TP1= @ 65.05 TP2= @ 66.00 TP3= @ 66.73 SL= Break below S2
Long
by ForecastCity_EU
14
NZDJPY WHERE ITS HEADED!!On Friday NZDJPY rallied near to 65.00. So what's next? According to the trend channel, it must bounce back to 64.00 levels approx. BUT this time it may be breaking this trend and in that case, we will be seeing 66.500 levels approx. and on the downwards direction there is support holding still at 65.00. So, a rebound might be seen from there. What should be the plan?? If we are long on this pair, nook profit here or at least save some by moving stop-loss above. If planning a short then don't take it now, wait till it gets confirmation below 65.00. Otherwise, be neutral as it has high chances to rebound from 65.00 levels if not, then it may rebound again from 63.700 which proved to be a strong support region. Now, if you liked this analysis then leave a like and follow me. :)
by ng_forex
NZDJPY GREAT OPPORTUNITYNZD JPY is currently around support in the daily chart and also, according to the pattern formation. It must bounce back from here to 65.00 and above levels. So, it may be a great opportunity for those who are looking to enter a long position with a stop loss at 62.900 and the first target to 65.00 because there is a resistance at 65.00. If it breaks it then we can see 65.500 to 66.00 levels. So, in my opinion, if we take a long here, it is a great opportunity with less risk and high rewards.
Long
by ng_forex
Don't miss the great sell opportunity in NZDJPYTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (65.1). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Take Profits: TP1= @ 64.28 TP2= @ 63.73 TP3= @ 63.10 SL: Break Above R2
Short
by ForecastCity_EU
5
NZD/JPY POSSIBLE SELL OPPORTUNITYNZD/JPY FOLLOWING DOWNTREND FROM A VERY LONG TIME. PRICE IS ALSO BELOW EMA200 AND ACTING AS A RESISTANCE. NOW FIRM RESISTANCE IS SEEN AROUND 65.736. AND GOOD SUPPORT IS SEEN AROUND 63.093. FIBONACCI LEVELS ALSO SHOWING THIS RESISTANCE AND SUPPORT ON ITS ONE OF THE PLOTTING POINTS. SO NOW PRICE CAN BE SEEN RETRACING TO RESISTANCE LEVEL OF 65.736 AND THEN GOING DOWNWARD TOWARDS SUPPORT LEVEL OF 63.093 AND FURTHER TARGET AREAS. ENTRY - BELOW 65.736 SL - AROUND 66.547 TP1 - AROUND 63.093 TP2 - AROUND 61.861
Short
by mkumar2294
Don't miss the great buy opportunity in NZDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (64.82). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 67. Take Profits: TP1= @ 65.90 TP2= @ 66.60 TP3= @ 67.85 SL= Break below S2
Long
by ForecastCity_EU
1
Don't miss the great buy opportunity in NZDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (70.60). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 60. Take Profits: TP1= @ 71.60 TP2= @ 72.30 TP3= @ 73.35 SL= Break below S2
Long
by ForecastCity_EU
1
Don't miss the great sell opportunity in NZDJPYTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (72.65). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDJPY is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 32. Take Profits: TP1= @ 71.75 TP2= @ 71.47 TP3= @ 70.00 SL: Break Above R2
Short
by ForecastCity_EU
Don't miss the great buy opportunity in NZDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (68.15). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 76. Take Profits: TP1= @ 68.87 TP2= @ 69.67 TP3= @ 70.24 SL= Break below S2
Long
by ForecastCity_EU
2
Don't miss the great buy opportunity in NZDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (67.950). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 55. Take Profits: TP1= @ 68.37 TP2= @ 69.68 TP3= @ 70.30 SL= Break below S2
Long
by ForecastCity_EU