Nzd-jpy
NZDJPY approaching resistance, potential drop! NZDJPY is approaching our first resistance at 76.66 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance) where a strong drop might occur below this level pushing price down to our major support at 74.98 (horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
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NZDJPY Bounced Off Support, Prepare For A Further RiseNZDJPY bounced nicely off its support at 75.70 (50% Fibonacci retracement, horizontal swing low support, 61.8% Fibonacci extension) where it could potentially bounce to its resistance at 76.55 (horizontal swing high resistance).
Stochastic (89, 5, 3) is bounced off its support where a corresponding rise could occur.
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NZDJPY Break of Multiple Rising Support Levels, RSI DivergenceOn NZDJPY we see a clear break of the bearish flag (pink) and a rising trend line (purple).
We also see clear RSI divergence.
NZDJPY approaching resistance, potential drop!NZDJPY is approaching our first resistance at76.41 (78.6% Fibonacci retracement , 61.8% Fibonacci extension , horizontal pullback resistance) where we might see a drop in price to our first support at 75.44 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal overlap support ).
Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY Approaching Resistance, Potential ReversalNZDJPY is approaching its resistance at 76.31 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where it may reverse down to its support at 75.14 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal may occur.
NZDJPY approaching support, potential bounce!NZDJPY is approaching our first support at 75.114 (horizontal swing low support, 61.8% fibonacci extension, 50% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 75.67 (50% fiboancci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDJPY momentum decreasing and turning downIt looks like momentum for the bull is decreasing and already close to breaking that support line on the right.
Previous analysis:
NZDJPY approaching support, potential bounce!NZDJPY is approaching our first support at 75.00 (50% Fibonacci retracement, Horizontal overlap support, 61.8% Fibonacci extension) and a strong bounce might occur below this level pushing price up to our major resistance 75.81 (61.8% Fibonacci retracement).
Stochastic (21, 5, 3) is approaching its support where a corresponding bounce could occur.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
NZDJPY BUY HS on 30MINTHERE IS A BULLISH PATTERN FORMED ON DAILY
AMD LOOKING AT SMALLER TIME FRAMES WE CAN SEE HEAD AND SHOULDER ALSO FORMED
DIFFERENT HORIZONTAL LINES SHOWS DIFFERENT TAKE PROFITS
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bearish signal on nzd/jpywe have the nzd/jpy on a bearish movement started this week , and will continue in it's bearish direction
Bearish directionNzd/jpy started it's new wave this week falling down with a possibility of more bearish movement
NZDJPY approaching support, potential bounce!NZDJPY is approaching our first support at 73.46 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension, Elliot wave structure) and a strong bounce might occur below this level pushing price up to our major resistance at 74.02(23.6% Fibonacci extension, horizontal pullback resistance).
Stochastic (34, 5, 3) is approaching its support where a corresponding bounce could occur.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
NZDJPY Approaching Resistance, Potential Reversal!NZDJPY is approaching its resistance at 74.53 (Horizontal pullback resistance, 23.6% Fibonacci retracement) where it could potentially drop to its support at 73.45 (horizontal swing low support, 38.2% Fibonacci retracement).
RSI (21) is approaching its resistance where a corresponding bounce could occur.
NZD JPY re-testing lows of 72.280??As mentioned on the NZD JPY analysis Jan 24th. "if we fail to break through the 61.8% (76.000) we could be looking to more downside movement"
and that is exactly where are. we can be looking forward to more down side on this, pair re-testing the lows of 72.280, Due to the un-employment rates released Statistics New Zealand being higher than expected.
The consensus was at 4.1 and the actual release was 4.3% thus making the currency drop in value.
I'm currently waiting on a re-test of the 50% ( 75.430) Fib level to enter a short position before we can head down to test support at 72.280.
Note: this pair moves a bit slower to the major pairs just be patient.
NZD / JPY UpdateLooking forward for this idea to play out in the same pattern as I've drawn. breaking & retesting KEY Fibonacci levels. so far we are off to a slow start, as this pair tends to range a lot.
over the past few day we've had a nice rejection of 74.480 area pushing towards the 61.8 Key level on the Fib. where is price is currently 76.100. a complete break through this region can lead us forward to (my ) initial target of 78.950.
NZDJPY potentoal short soon4 hr chart of nzdjpy, potential short when price consolidates forming a rising wedge which is a reversal pattern.
daily time frame also showing to be oversold with stochastic,
NZDJPY approaching support, potential bounce!NZDJPY is approaching our first support at 74.49 (horizontal swing low resistance, 100% fibonacci extension, 61.8% fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 75.20 (horizontal swing high resistance, 61.8% fibonacci extension).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
EURCAD Bounced Off Support, Potential For A Further RiseEURCAD bounced off support at 1.5095 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing low support) where it could potentially rise further to its resistance at 1.5304 (38.2% Fibonacci retracement , horizontal swing high resistance).
Stochastic (55, 5, 3) bounced off its support at 1.8% where a further rise could occur.
EURCAD Testing Support, Potential BounceEURCAD is testing its support at 1.5094 (61.8% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 1.5225 (23.6% Fibonacci retracement , horizontal swing high resistance).
Stochastic (21, 5, 3) is approaching its support at 5.3% where a corresponding bounce could occur.
