A bearish trade opportunity recently presented itself on the kiwi-yen trading chart 📉. This is indicated by the bearish inverted pin bar just below the 88.957 horizontal resistance level. This shows a rejection of the same resistance level, with potential price move in the downward ⬇️ 👇 direction. Sufficient downward momentum should see price dumping towards...
NZDJPY - Intraday - We look to Sell at 85.00 (stop at 85.75) Previous support located at 84.00. Previous resistance located at 84.50. Indecisive price action has resulted in sideways congestion on the intraday chart. A move through 84.00 will confirm the bearish momentum. Our profit targets will be 82.50 and 82.00 Resistance: 84.50 / 85.00 / 85.50 ...
Trade Idea: Selling NZDJPY Reasoning: Swing failure on the daily, looking for lower prices Entry Level: 87.27 Take Profit Level: 86.37 Stop Loss: 87.68 Risk/Reward: 2.15:1 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...
NZDJPY - Intraday - We look to Buy at 85.75 (stop at 85.10) Previous support located at 86.00. Previous resistance located at 86.80. Indecisive price action has resulted in sideways congestion on the intraday chart. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 87.25 and 87.50 ...
A bullish opportunity recently presented itself on the kiwi-yen trading chart (My profit target was triggered when I took the other side of the trade {sell/short/bearish} in the recent past). This follows from the bullish harami candlestick pattern which printed on the 82.112 support level but closed above the same level, indicating a false breakout (fakeout) of...
NZDJPY - Intraday - We look to Sell at 84.91 (stop at 85.31) Signals are mixed but remain mildly bearish with an short-term timeframe highlighting an exhaustion count. We look for a temporary move higher. Prices expected to stall near trend line resistance. Preferred trade is to sell into rallies. Further downside is expected. Our profit targets will be 84.01...
NZDJPY - Intraday - We look to Sell at 84.26 (stop at 84.88) The medium term bias remains bearish. We are assessed to be in a corrective mode higher. Current price action faces resistance at the 50% Fibonacci retracement level of the 86.59-82.15 move. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our...
NZDJPY - Intraday - We look to Buy at 84.43 (stop at 83.98) A sequence of intraday higher highs and lows has been posted. This is positive for sentiment and the uptrend has potential to return. Buying pressure from 84.36 resulted in prices rejecting the dip. Further upside is expected. We look to buy dips. Our profit targets will be 85.59 and 86.00 ...
NZDJPY - Intraday - We look to Sell at 84.16 (stop at 84.69) Our outlook is bearish. Rallies continue to attract sellers. Trend line resistance is located at 84.20. Further downside is expected. Our profit targets will be 82.80 and 82.50 Resistance: 84.20 / 86.60 / 92.00 Support: 82.80 / 80.00 / 76.00 Risk Disclaimer The trade ideas beyond this page...
Hi Traders, NZD/JPY Could provide us with a Beautiful trade, As per my signature setups, I always try finding trades with a clean range to the left which gives the trade a high probability of playing out. We are looking at the 4-hour timeframe where price is currently trading at 85.500, I am now just waiting for price to break out of the current resistance of...
This is an intraday trade. Price is skirting around the daily cloud support and I expect this to hold for a correction to 84.00 Will use a buy stop to reduce risk and let the trade get me in the trade. Buy stop: 83.31 position size always critical to manage risk
If NZDJPY holds in a bullish structure I anticipate upside - as long as we stay above the previous daily lows.
NZDJPY is stabilising around support at structure / fibo 38.2% level / 50 moving average. NZDJPY also has a bullish seasonal tendency in November & September. I am looking for upside to continue into the 27% extension. The RBNZ will likely have numerous rate hikes in the coming year, and NZD traders are looking to price this in now.
In addittion to our previous post of the ABCDE wedge pattern on the 1h chart, price is holding the 38.2% fibonacci support level / previous structure as support.
NZD/JPY has traded into the 38.2% fibo retracement level as support, which is also the previous structure resistance . NZD/JPY has a bullish seasonal tendency from September through to the end of the year and we anticipate this seasonal trend to play out. Looking for upside into the 27% fibonacci extension level.
NZDJPY has broken the corrective flag pattern to the upside, having found support around the 21.4% fibo level. We anticipate continued upside to the 21.4% extension fibo.
Kiwi yen has a very bullish seasonality from september all through december. I anticipate to continue trading long only on this pair for the remainder of this year.
NZDJPY is trending to the upside today, and there is a strong bullish seasonal tendency in play at the moment. Technically the pair is holding well above the support trendline and price has bounced from the 80.70 support. We anticipate this move to continue into the 82.40 resistance.