Nzdjpylong
NZDJPY - Bullish BiasNZD - BULLISH
1️⃣ Investors monitored ongoing US fiscal stimulus situations as senators urged President Joe Biden on Sunday to significantly downsize his sweeping $1.9 trillion COVID-19 relief package to win bipartisan support as Democrats in Congress prepared to push ahead with his plan this week.
2️⃣ New Zealanders will once again be allowed to fly into Australia without undergoing quarantine as health officials reported no new COVID-19 infections following the initial three cases of the B1351 variant.
3️⃣ Positive risk tone could support the antipodeans.
JPY - BEARISH
1️⃣ Japanese government is set to extend Tuesday the state of emergency for regions still struggling with a high number of coronavirus infections, with the emergency period in prefectures including the Tokyo area expected to run for another month.
2️⃣ Investors also continued monitoring US fiscal stimulus negotiations as Democrats in Congress prepared to push ahead with his plan this week.
3️⃣ Risk-on tone pressured the safe-havens JPY.
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Technical
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We are looking to buy the NZDJPY on the support + above SMA 50 on the H1 chart.
NZDJPY_- Sell Bigger Time <<<Disclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
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Thank you for your support!
NZDJPY long trade ideaPlan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
NZDJPY: Will the price GROW more on this CHANNEL?Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
NZD/JPY
⚪ Technical Analysis :
In the weekly time frame, since March 2020, the price has been moving following a strong uptrend, bouncing on its dynamic trendline just in November 2020.
It's currently still in uptrend and it reached a strong resistance zone.
In the daily time frame, since November, the price has been following a clear ascending channel and few days ago it got a rejection on its dynamic support line.
It's currently moving up with a great chance to reach and retest again a strong resistance zone at about 75.640.
In the h4 time frame, two days ago the price broke a secondary trendline and it's currently retesting the same level.
The next price action will be essential to understand the next movement.
🔴 Conclusion :
I'm confident to see the price moving up after a possible bounce on the support zone at about 74.000.
I'll be waiting for a clear price action before planning my next long position on this trade, so at the moment, I suggest to not open any position.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
NZDJPY - Bullish BiasNZD - BULLISH
1️⃣ Investors await comments from Treasury Secretary nominee Janet Yellen on US stimulus and the dollar.
2️⃣ Positive risk tone support the antipodeans.
JPY - BEARISH
1️⃣ Bets for the safe-haven Yen fell as Japan logged over 4,900 daily cases nationwide on Monday, with the health ministry putting the number of serious infections at 973, rising one from the previous day.
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Technical
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We are buying the NZDJPY above the support + above SMA 50 on the H1 chart.
NZDJPY: FOLLOWING the DESCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
NZD/JPY
⚪ Technical Analysis :
Let's start talking about the weekly perspective, since the end of March 2020, the price has been moving following a clear rising wedge, getting strong rejections on its S/R dynamic pattern's line.
One week ago the price reached its dynamic resistance and it started falling down.
In the daily chart the price is still moving with a strong uptrend, it actually is getting a short correction and this is absolutely possible if you consider that a strong impulse started at the beginning of November 2020, once the price reached the dynamic pattern's level.
In the h4 chart we can see that the price got its last bullish impulse on 23th of December, completed on the 8th of January 2021 once it reached and bounced on the weekly dynamic resistance.
Since that moment the price has been moving in a new downtrend, following a clear descending channel.
The price has just broken a daily support and it's now approaching to reach the next weekly support level.
The next price action it will be essential to understand the next market movement.
🔴 Conclusion : ❌
The price is still moving with a bearish movement and I'm confident to see the price reaching the weekly support level. That zone is personally really interesting because it's a strong weekly area that rejected the price many times in the past and also it's about the 0.50% of Fibonacci retracement of the main bullish impulse.
After that I'll start looking for a long position once the price will break the descending channel.
As a trend follower, I wouldn't suggest to you to get any long position right now, instead you should wait the breakout of the descending channel.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly ,
Gianni