• NZDJPY approaching resistance, potential drop!

    NZDJPY is approaching our first resistance at 72.86 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8%, 78.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 72.38 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. […]

  • NZDJPY approaching resistance, potential drop!

    NZDJPY is approaching our first resistance at 74.08 (horizontal overlap resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 72.38 (horizontal swing low support). Stochastic (89,5,3) is also approaching our major resistance where we might see a corresponding drop in […]

  • NZDJPY approaching resistance, potential drop!

    NZDJPY is approaching our first resistance at 74.15 (horizontal pullback resistance, 61.8% fibonacci extension, 38.2% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 72.38 (horizontal swing low support). Stochastic (89,5,3) is also approaching resistance and a reaction off this level might see a corresponding […]

  • NZDJPY approaching resistance, potential drop!

    NZDJPY is approaching our first resistance at 74.13 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 72.40 (horizontal swing low support). Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price […]

  • NZDJPY approaching resistance, potential drop!

    Price is approaching our first resistance at 75.19 (horizontal overlap resistance, 23.6% Fibonacci retracement) where price might drop to its support at 74.66 (100% Fibonacci extension , 78.6% Fibonacci retracement , horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (89) is also seeing […]

  • NZDJPY approaching resistance, potential drop!

    Price is approaching our first resistance at 76.17 (horizontal swing high resistance, 38.2%, 50% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong reaction might occur below this level pushing price down to our major support at 74.91 (horizontal pullback support, 100% Fibonacci extension ). Stochastic (55,5,3) is also reacting off resistance where we […]

  • NZDJPY approaching resistance, potential drop!

    NZDJPY is approaching our first resistance at 77.62 (horizontal overlap resistance, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 76.17 (horizontal pullback support, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching our major resistance and a reaction off this level […]

  • NZDJPY broke out of its support turned resistance!

    NZDJPY broke past its support turned resistance at 77.41 (horizontal overlap resistance) where price could potentially fall further to its major support at 76.49 (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) reversed off its resistance at 97% where a corresponding drop down could occur. Trading CFDs on margin carries high risk. Losses […]

  • NZDJPY has made a bullish exit, potential for strong rally!

    NZDJPY has made a bullish exit of our descending channel and could rally strongly from here. A strong rally could occur above major support at 77.66 (Fibonacci retracement, horizontal overlap support, breakout level) towards 79.24 resistance (Fibonacci retracement, horizontal overlap resistance). RSI (89) has made a similar bullish exit signaling a change in momentum from […]

  • NZDJPY approaching major support, prepare for a potential bounce!

    NZDJPY is approaching major support at 76.08 (Fibonacci extension, horizontal swing low support, Elliott wave structure) and a potential bounce could occur at this level to drive price up to 77.66 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension). Stochastic (34,5,3) is seeing major support at 1.7% where a corresponding bounce could occur. Trading CFDs […]

  • NZDJPY right above major support, prepare for a potential bounce!

    NZDJPY is approaching major support and a potential bounce could occur at 79.45 (Fibonacci retracement, Fibonacci extension, Elliott wave structure) to push price up towards 80.51 (Fibonacci retracement, Elliott wave structure, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 1.7% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. […]

  • NZDJPY approaching major support, prepare for a bounce!

    NZDJPY is approaching major support and a potential bounce could occur at 79.45 (Fibonacci retracement, Fibonacci extension, Elliott wave structure) to push price up towards 80.51 (Fibonacci retracement, Elliott wave structure, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 1.7% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. […]

  • NZDJPY broken major channel, potential bearish reversal

    NZDJPY has broken our major ascending channel support triggering a potential bearish exit. Our major resistance level is at 80.40 (Fibonacci retracement, pullback resistance) and a strong reversal could occur from here to push price down towards 80.02 (swing low support, Fibonacci retracement) before 79.50 (Fibonacci retracement, Fibonacci extension, horizontal swing low support). Trading CFDs […]

  • NZDJPY continues its rise

    NZDJPY has continued to bounce up perfectly as expected as it remains in our ascending channel. Major support remains at 80.57 (Fibonacci retracement, bullish channel support) with the next major level of resistance at 81.26 (ABC Fibonacci extension, horizontal swing high resistance). RSI (34) sees multiple bullish exits signaling that bullish momentum is still strong […]

  • NZDJPY remains in a strong ascending channel

    NZDJPY remains in a strong ascending support channel stretching back to the beginning of December 2017. Our first major support is at 80.26 (Fibonacci retracement, horizontal overlap support, channel support) and a bounce could occur at this level to push price up towards 81.25 resistance (Fibonacci extension, horizontal swing high resistance). RSI (55) sees major […]