Tag: NZDJPY Analysis

Look at the insights you could get off the weekly charts

Hey, how is your week going so far?

Do you ever take a look at the weekly charts?

Sometimes I do, especially when the dailies and 4H charts aren’t that clear. And this is the case for the NZDJPY (where I have a short trade open at 61.05). Off the daily is difficult to see what the market is doing.

But take a look at the weekly chart:

So based on this chart, it is likely to continue its way down, until it reaches its next LT support level.

What do you think? Are you trading the NZDJPY? Let me know.

Cheers,

Raul Lopez
Forex Course

forex, NZDJPY Analysis

What do you think about the NZDJPY?

Are you currently trading the NZDJPY? Because I’m thinking about longing it. There are two things that I like about the NZDJPY:

  • If you take a look at the long term charts, its clear that it was rejected from an important support level.
  • If we get a BOJ intervention, it will be on our favor.

 

Here is the 15M chart:

My trading plan:

Wait for a retracement to the short term support level (lower green level) and if it forms a significant pattern with upward pressure, I’ll be going long.

What do you think?

Trade Safe!

Raul Lopez
Forex Course

forex, NZDJPY Analysis

I have two trades open: AUDJPY and NZDJPY

Normally, I don’t take trades on correlated pairs, but the entry signals appeared at different times of the day, so I guess it was alright.

Earlier on the week (Monday) I had a pending order on the AUDJPY but got cancelled because the market close below the lowest low of the pattern that triggered the signal. Then yesterday, I got another signal on the AUDJPY and it was triggered today (a few minutes ago).

I got the NZDJPY signal last night, and it was triggered a few minutes after the signal.

What is interesting about these two trades, is that on both them, I’ve already move my SL close to the breakeven level, both of them traded already above the range. We’ll see what happens.

Trade Safe!

Raul Lopez
Forex Training
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AUDJPY Analysis, NZDJPY Analysis

NZDJPY – Bearish condition

Its been a while since the last time I had the NZDJPY in a clear market condition, but earlier today it clearly broke through an important ST support level triggering a bearish market condition:

As long as the NZDJPY keeps trading below 64.98 I’ll keep looking for short opportunities.

Trade Safe!

Raul Lopez
Forex Training

NZDJPY Analysis

NZDJPY – Bearish condition

The NZDJPY is trading in a clear bearish market condition, earlier this morning it broke through the ST support level indicating it is likely to continue its way down until ir reaches the next LT support level at 62.72:

As long as the NZDJPY continues to trade below 65.61 I’ll be looking for short opportunities.

Trade Safe!

Raul Lopez
Forex Training

NZDJPY Analysis

NZDJPY – Clear bullish condition

The NZDJPY is clearly trading in a bullish market condition. It was trading in a short term range around an important LT resistance level, but earlier today it broke through an important resistance level triggering a bullish market condition:

As long as the NZDJPY trades above 64.77 I’ll be looking for opportunities to go long.

Trade Safe!

Raul Lopez
Forex Training

NZDJPY Analysis

NZDJPY – Still looking for longs

The NZDJPY is still trading in a bullish market condition since de 23rd of December. I’d like to see a retracement to the ST support level around 62.97 and see how the market behaves there to look for a long opportunity:

As long as the NZDJPY trades above 62.97 I’ll be looking for long opportunities. The next LT resistance level is at 64.30

Trade Safe!

Raul Lopez
Forex Course

NZDJPY Analysis

NZDJPY – Long market condition

The NZDJPY traded in a medium term range for about two weeks, however, earlier this morning the market decided to break the ST term resistance level, which triggered a bullish market condition:

As long as the NZDJPY keeps trading above 64.70 I will be looking for long opportunities. The next LT resistance level is at: 66.86

Trade Safe!

Raul Lopez
Forex Training

NZDJPY Analysis

NZDJPY – Still looking for long opportunities

Even after the US interest rate announcement (which by the way there was no change in the interest rates) the NZDJPY remains in a bullish market condition:

I will be looking for long opportunities around the green support area (retracement signal) or around the green resistance area (breakout signal).

All short opportunities will be ignored.

The next LT resistance level is around 64.30

Trade Safe!

Raul Lopez
Forex Training

NZDJPY Analysis

NZDJPY – Longs in play

The NZDJPY is trading in a bullish market condition, I will only look for long opportunities:

NZDJPYAs long as the NZDJPY trades above 61.22 I will be looking for long opportunities. All short opportunities will be ignored as it is trading in a bullish market condition.

If it follows through this bullish market condition, the next LT resistance level is at 64.30

Trade Safe!

Raul Lopez
Forex Training

NZDJPY Analysis