Continuing on from yesterday's chart, this extract comes from the Possible EUR/JPY and NZD/JPY Correlation Trade blog on the Vantage FX News Centre. Zooming into the NZD/JPY chart on its own, you can see that price is still sitting right on resistance while EUR/JPY got the beginnings of a potential rejection yesterday. If you took yesterday’s EUR/JPY short and...
The futures market is showing a forcast of a huge increase in price over the next 12 months in the dairy prices which make up 7% of the New Zealands GDP. I am expecting to see an increase in the strength of the NZD over the coming months as it has been the weakest currrency for some time and dropped considerably against most major currencies. I am looking at the...
We have double topped and broke structure to the down side. Looking for a retracement back up into the .618 around 78.29's. Stops go above X. Target 1 at previous structure lows with extended targets at 1.27 extention.
Read text written in the chart,
my elliot wave and price action analysis shows that the price of nzdjpy are in correction.waiting for rejection at the upper trendline will be the best desicion to go short for this pair. the zizzag pattern seem to be complete and seem like to end at the uppred trendline.the rsi condition seem to be overbought condition.my target will be the support area at level...
Commodity currencies (AUD, NZD, CAD) underwent a short-squeeze following the Federal Reserve's decision to leave rates from zero-to-25 bps, which is theoretically more supportive for commodity speculation. However, after market participants digested the ultra-dovish FOMC, commodity currencies got monkey-hammered lower. AUDUSD was pushed higher to .7276 on Friday,...
Sterling has been on a monster tear after mixed employment data out of the United Kingdom. Averages earnings beat expectations of 2.6 percent, printing a 2.9 percent. However, the U.K. did see a rise in unemployment even as the unemployment rate fell a tenth-percent. Traders are looking to front from any potential talk out of the Bank of England (BoE) that...
Hi everyone we have a pattern on NZDJPY, which in my opinion is valid also the SL is not very big. The Targets are highlighted on the chart. Lets see and Good Luck
Friends, As we are hitting concepts of Wolfe Wave and Geo hard tonight, here is another opportunity to witness a probable geometric cycle completion of the WW/Geo: We already covered significant ideas and topics through $USDTRY and $NZDJPY charts, so here there are for your review, with a step-by-step review of how I construct the Geo ... These charts are...
Friends, Perhaps an interesting opp in this lesser frame (M15) where ground could possibly defined at a standard Fib contraction level, such that: 1 - 0.500-Fib = 75.589 and 2 - 0.681-Fib = 74.834 SL < 0.618-Fib TG = 79.763 or 1-3 Line extension of WW, which ever come first. Not worth entering unless it declines first. It's one of those all or...
Hi everyone this is a valid pattern in my opinion, with fairly good legs. Depending on your rules we might also have a trendline. The targets are highlighted on the chart Lets see and Good Luck
The proof is in the pudding, well it is in the globalized failing of quantitative easing. Abeconomics is no different. Japan Prime Minister Shinzo Abe will continue to feel pressure as his "three arrows" economic policy fails to push consistent economic expansion. Japan's economy shrank 1.6 percent on an annualized basis with falling exports and contracting...
Good opportunity with small risk since the completion of the patterns and RSI is oversold.
With the current sell off of the Kiwi, we are approaching an area where there could be a reversal. This ties in with the the EURNZD and AUDNZD pairs that also show an area of possible reversal. Price may rebound between the areas marked out by yellow boxes. The sharp drops from the yellow boxes above (supply zones) tell us the pair could rebound upon returning...
Stop is placed at the 1.13 fib extension of the XA leg Target 1 is at the 38.2 retracement of the CD leg. Target 2 is at resistance at the C point. Target 2 stops are trailed using the DNC indicator. Both stops are moved to breakeven when target 1 is hit.
NDJPY Hi everyone posted this pattern few days ago yet another success, now the price seems to be ranging for a bit waiting for the breakout. Good Luck
I´ve been posting a bearish case for NZDJPY from few weeks ago and scenario is still valid. Technically this is a warning for stock indices but it has been reluctant to fall so far. This is my forecast though. I didn´t include Ichimoku indicator to have a clean chart , but if you check it supports the analysis to the downside Above 89.25 on a daily close would...
As i tell you in the nzdjpy last chart. there were two possibilities. As you can see price break up. and now is making a correction. so if you did not catch the break, now this structure is giving you an opportunity to get into the trade. Wait for the break out of the corrective structure and then go long. what do you think?