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NZD/JPY

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NZD/JPY

  • #241
  • Edited 11:01pm Apr 3, 2018 10:42am | Edited 11:01pm
NZD has light rebound because of a positive low impact news: GDT Price Index
Long term trend still bearish.
Still good to short but at higher resistance levels.
  • #242
  • Apr 4, 2018 10:20am Apr 4, 2018 10:20am
Anyone martingale short NJ from this point onwards? Please a show of hands.
Need some replies. Thanks.

Update: Just touched resistance line at 77.697

Next key resistances: 78.615, 79.283
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYH1.png Size: 65 KB
  • #243
  • Apr 4, 2018 10:25am Apr 4, 2018 10:25am
Quoting altzspec
Anyone martingale short NJ from this point onwards? Please a show of hands. Need some replies. Thanks. Update: Just touched resistance line at 77.697 {image}
  • #244
  • Apr 5, 2018 12:32am Apr 5, 2018 12:32am
This rising wedge will not last forever.
We now have a bearish signal coming out of autochartist.
http://stockcharts.com/school/doku.p...wedge_reversal
Regardless of the type (reversal or continuation), rising wedges are bearish.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYH1.png Size: 84 KB
  • #245
  • Apr 5, 2018 12:51am Apr 5, 2018 12:51am
Will be fly like UJ ?
Rebate Everyday XM forex broker with VIP partner
  • #246
  • Edited 1:04am Apr 5, 2018 12:53am | Edited 1:04am
It will fly bullish first, then wait to short below the bottom of the channel.
I believe a good price to short is around 78.615 and 79.283 which are higher resistances.

You can scalp bullish if you wish, but short term wise, will be bearish once rising wedge loses momentum.
It is impossible for it to last forever as said.

Opinion: https://www.forexfactory.com/showthr...6#post10936276
  • #247
  • Apr 5, 2018 2:50am Apr 5, 2018 2:50am
Anbody trading NZD/CHF and NZD /CAD? I believe a bearish move.
  • #248
  • Apr 6, 2018 10:47am Apr 6, 2018 10:47am
Price has rejected several times (counted 6 times) off support at 77.704, but high likely price will drop any day soon next week.
Bullish momentum seems to be weaken.
Good shorts will still be at 78.615 and 79.283 which are higher resistances.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYH1.png Size: 51 KB
  • #249
  • Apr 6, 2018 10:49pm Apr 6, 2018 10:49pm
There was a dip into the support at 77.704 just before market closed.
A bullish pullback might occur next week before finally breaking through support.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYH1.png Size: 68 KB
  • #250
  • Apr 10, 2018 1:08am Apr 10, 2018 1:08am
This is H4 time frame.
As can see here, the price has reached the resistance at 78.612
Possible short from here or the next resistance @ 79.294
Still a rising wedge.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYH4.png Size: 55 KB
  • #251
  • Apr 10, 2018 1:19am Apr 10, 2018 1:19am
Quoting Suj
Anbody trading NZD/CHF and NZD /CAD? I believe a bearish move.
I'm long AUD/CHF and NZD/CHF, for carry trades... Both appear bullish, to me...
  • #252
  • Edited 11:53am Apr 10, 2018 11:42am | Edited 11:53am
We are coming to 79.292 which is the next resistance on H1 time frame.
Be ready to short it when it fails the test there.
Expect heavy market activity at this region.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYH1.png Size: 53 KB
  • #253
  • Apr 10, 2018 12:12pm Apr 10, 2018 12:12pm
Projected short region for NJ chart on H4 timeframe.
Somewhere around 79.578 is a good place to short as well, if you want to wait until after 79.292.

Attached Image (click to enlarge)
Click to Enlarge Name: NJ.png Size: 57 KB
  • #254
  • Apr 10, 2018 2:38pm Apr 10, 2018 2:38pm
Quoting altzspec
Projected short region for NJ chart on H4 timeframe. Somewhere around 79.578 is a good place to short as well, if you want to wait until after 79.292. {image}
Thank you I have enter a short..
  • #255
  • Edited 9:14pm Apr 10, 2018 9:03pm | Edited 9:14pm
Once the market is aware NJ is now the bullish mountain, people will attempt to short it down when price is high enough for them.

Price is now converging at the higher resistance and the intersection of 2 bullish channels, which is actually another rising wedge on higher time frame (similar to bearish bat pattern).

My opinion: https://www.forexfactory.com/showthr...4#post10953834

https://forexlive.com/technical-anal...enter-20180410

The "risk on" trade is dominating after China's Xi calmed fears of a trade war. That has sent the NZD and AUD higher (they are the strongest) and sent the JPY and the USD lower (less flight into the safety of those currencies).
  • #256
  • Edited 9:49pm Apr 10, 2018 9:32pm | Edited 9:49pm
Price should not go beyond the top bearish mega channel on Weekly chart.

Intersection price at 80.30 .. (Not exact science) after cutting thru the central region (mean) of the prices.
The longer the delay, the lower the top price.

Expect maximum market short strength here. This will be where we shall meet in battle.

Attachment g
Attached Image (click to enlarge)
Click to Enlarge Name: price.png Size: 33 KB
  • #257
  • Apr 11, 2018 12:44pm Apr 11, 2018 12:44pm
Bullish momentum has dropped into short term bearish.
And now testing the support at 78.618

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYH1.png Size: 52 KB
  • #258
  • Apr 11, 2018 12:56pm Apr 11, 2018 12:56pm
Quoting altzspec
Bullish momentum has dropped into short term bearish. And now testing the support at 78.618 {image}
Then our next stop after testing 78.618 will be 78.227 I am still holding my sell
  • #259
  • Apr 11, 2018 1:22pm Apr 11, 2018 1:22pm
Counted 4 retests now on support @ 78.618
  • #260
  • Apr 11, 2018 2:11pm Apr 11, 2018 2:11pm
Quoting altzspec
Counted 4 retests now on support @ 78.618
And the 5th test will be the breakout or it will reverse!!!
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