Tag: NZDJPY Analysis

NZDJPY – Bullish, longs in play

Next week is going to be interesting, there are plenty of currency pairs reached a major Support or Resistance level, and most of them are being rejected from these levels…

This is the case of the NZDJPY, which traded in a bearish market in the previous three or four weeks, and now, apparently it is being rejected from a LT support level:

NZDJPY
NZDJPY

I don’t think there is much movement left today, as the market is about to close, but definitely the NZDJPY will be a cross to keep an eye open next week.

Trade Safe!

Raul Lopez
http://www.protradingnow.com/

NZDJPY Analysis

NZDJPY – Long term analysis

Its been a while since the last time I wrote about a daily chart… Anyway, here is the NZDJPY daily chart, it was rejected from an important LT resistance level around 63.84:

NZDJPY
NZDJPY

In the short term charts, the NZDJPY already broke through the ST support level, triggering a bearish market condition, this allows us to look for short opportunities.

As long as the NZDJPY keeps trading below 63.28 I will be looking for short opportunities.

Trade Safe!

Raul Lopez
http://www.protradingnow.com/

NZDJPY Analysis

NZDJPY: Trading at an important level, waiting for breakout

The NZDJPY is trading near the long term resistance level of 63.89, in the short term charts that level accounts for the range 63.84 – 64.79:

NZDJPY
NZDJPY

I would like to see the NZDJPY trading above 64.79 to start looking for long trade opportunities.

Here is my plan:

If the NZDJPY breaks the short term resistance level I will start to look for long trade opportunities. All my TP orders will be set just below the next long term resistance level around 66.25

If the NZDJPY breaks the short term support level I will start to look for short trade opportunities. All my TP orders will be set just above the next LT support level around 62.64.

If the market keeps trading in between the short term range I will do nothing.

Trade Safe!
Raul Lopez

Forex Crosses, nzdjpy, NZDJPY Analysis