NZDJPY SIGNAL

Posts: 49 · #1 - January 06, 2020, 01:48:29 PM

At the moment the currency pair Nzdjpy is still sideway but if we look at the weekly candle there is an engulfing pattern then our focus for this week is downtrend.
After knowing our focus is bearish, our task is to look for signals on H4 and I found 2 setups to sell, namely in the SBR area (support becomes resistant) and a small supply area.
And possible areas that are just right for sell entries are 72,600 and 72,150 with a target of 70,800

Linkback: https://www.forex.zone/trading-signals/23/nzdjpy-signal/2963/

Posts: 454 · #2 - January 13, 2020, 01:16:21 AM

NZDJPY seems to be going down long term it is evidenced by the identification of head and shoulder patterns as shown below.
And it really benefits us in the long run. I see a good setup at 73,000 and we can sell there with stop loss at the top of the head and shoulders.
For the target we can put it in strong demand in the area of 69,800

Sell at 73,000
Stop loss at 73,500
Take profit at the price of 69,800

Posts: 339 · #3 - January 17, 2020, 05:41:33 PM

There is something unique for the NZDJPY pair on the H4 timeframe. As we can see that the market is forming a DOUBLE TOP pattern.
This is our golden opportunity to open sell at current prices, my analysis of the price is not strong enough to continue the upward trend and unable to form a new NEW HIGH.
This momentum is what we are waiting for the most, we can hold sell until next week with the farthest target at 69,900 price. Here are the details of open positions for NZDJPY pairs
Sell at 72,800
Stop loss at 73,500
Takeprofit at 69,900 price

Posts: 527 · #4 - January 26, 2020, 06:09:16 PM

Nzd/Jpy is still in the sideway price range, this makes traders decide to look for another pair, but I see from the technical side of the weekly candle that I give the arrow is a hammer pattern which means there is still a chance to buy in this sideway condition.
And on the H4 chart we can open buy at prices around the hammer area For the buy option,

we can put a buy limit at 71,500
For stop losses at 71,200 prices
For the target price of 73,400

Posts: 454 · #5 - February 10, 2020, 05:39:01 AM

For the NZDJPY pair on the weekly chart we can see that there is a small obstacle on the left hand side as a buffer for 69,900-69,100 demand, that's where we will later buy, indeed the NZDJPY pair is a bit slow moving but we must be patient, wait until the price can touch that area first , I marked that area as a long-term fakeout area with a target in the 72,000 weekly GAP area as I marked. So to open a position as follows

Buy in the area of 69,900
Stop loss in the area of 69,100
Target in the area of 72,000

Posts: 364 · #6 - February 24, 2020, 08:42:00 AM

NZDJPY H4 in the last few weeks is still experiencing a prolonged sideway phase, this is due to the lack of transactions so that the market does not fluctuate, but from a technical point of view it can be said that prices will soon catch up to the GAP that has not yet closed. Our target is the area of the gap at 72,000

buy signal area 70,300
Target area is 72,000
Stop loss area 69800

Posts: 1007 · #7 - March 04, 2020, 06:51:17 AM

In the NZDJPY Period 240 (H4) Symbol Price movements from today's opening are -112 Pips (Bearish). The MA indicator (14) shows the Bearish and the MACD indicator (12.26.9) shows the Bearish. Then the Slope of the Channel shows a Downtrend.

Trendline shows Downtrend, supported by MA and MACD which are still bearish
then the analysis results for the next hours are Bearish.

Posts: 454 · #8 - May 06, 2020, 05:29:33 PM

Nzdjpy trend will continue to fall
Sell limit 64,164
Tp 63,100
SL 64,700

Posts: 367 · #9 - May 07, 2020, 09:00:00 AM

Nzdjpy
Sell 64.500
Target 63.000
Sl at 65.500

Posts: 364 · #10 - May 07, 2020, 12:39:24 PM

NZDJPY will head to the supply region
Sell at 64,400
SL at the price of 65,100
But the price is 63,600

Posts: 527 · #11 - May 08, 2020, 05:33:34 PM

Nzdjpy will shortly sell compression Sell 65.48 Tp 64.40 Stop Loss 66.48

Posts: 364 · #12 - May 11, 2020, 07:09:46 PM

Nzdjpy we will focus on selling because it's still downtrend Sell: 65,500 Stop loss: 66,500 Target: 64,500

Posts: 454 · #13 - June 28, 2020, 05:38:01 PM

The current nzdjpy pair is likely to continue to go up because the trend is strong up, but also we have to wait patiently for the upward moment
Buy 68.70
Target 69.12
Stoploss 67.70

Posts: 454 · #14 - June 29, 2020, 11:06:18 AM

The current nzdjpy pair is likely to continue to go up because the trend is strong up, but also we have to wait patiently for the upward moment
Buy 68.69
Target 69.17
Stoploss 67.90

Posts: 527 · #15 - June 30, 2020, 02:48:10 PM

Nzdjpy should focus on just buy because the candlestick price is still able to show an upward trend, but wait for the confirmation pattern first candlestick
Buy: 68.90
Target: 69.30
Stop loss: 68.20