Nzd/Jpy

price now is 81.72

Price Facing The 81.40 Strong support
, If 4h Candle Close above It , We Can See 82.45 As First Traget
. If Close Again down This support 82.45 , We Will See 82.80 As 2nd Target ,

price now is 81.72

Price Facing The 81.40 Strong support
, If 4h Candle Close above It , We Can See 82.45 As First Traget
. If Close Again down This support 82.45 , We Will See 82.80 As 2nd Target ,

NZD/JPY market analysis

market closed with down trend and good for sell trading in the next week
market resistance and support levels

Resistance levels 77.01------------77.20-------------77.40
Support levels 76.62------------76.42-------------76.23

price action may or might not find the bottom but rally from bottom is strong and we could see another test of 80.28 area to confirm the double bottom setup but if we manage to break above 81.50 then we see a breakout of bullish flag and we will certainly give a chance to test the high again remain cautious and trade enteries with the trend only

the pair price already touched daily support 1 level (82.70) and above trend line.
Now the price try to move up ward.
I think the price may touch daily pivot point (83.80).
so buy now from 83.28
the pivot point will be my target
stop loss will be down the support 1 level (82.70)

Updated : 18 dec
movement: 0.001%
Support : 83.89
Pivot : 85.50
Resistance: 86.34
sell from: 85.36
target: 84.78
stop loss: 85.99

today my analysis to open position BUY at market watch on 04:03 in currency pairs Nzd/Jpy with H1 timeframe and market position at 85.42,
because if my prediction of several indicators in Cricket Scalper shows there is a UP TREND signal on the Nzd/Jpy pairs
and Stoch(5, 3, 3) indicators are in position BREAK HIGH and shows a DOWN TREND signal,
so the most appropriate order position is to perform open position BUY by placing a stop loss at 85.12 and take profit at 85.72

today my analysis to open position BUY at market watch on 04:03 in currency pairs Nzd/Jpy with H1 timeframe and market position at 85.42,
because if my prediction of several indicators in Cricket Scalper shows there is a UP TREND signal on the Nzd/Jpy pairs
and Stoch(5, 3, 3) indicators are in position BREAK HIGH and shows a DOWN TREND signal,
so the most appropriate order position is to perform open position BUY by placing a stop loss at 85.12 and take profit at 85.72

analysis of several indicators that I use on nzd/jpy currency with M30 and H1 timeframes are in the form of pivots indicator R3=86.27, R2=86.07, R1=85.67, Pivots=85.47, S1=85.07, S2=84.87, S3=84.47 indicates the following as well as I use other indicators such as zona trade that displays the zona signal Bullish on market position 85.15 so that the most appropriate step is to conduct an open position SELL with a stop loss of 85.4 and take profit at 84.9

The pair NZD / JPY on yesterday's trading session observed lateral movement and the pair tested the resistance level of 87.57 low, but could not break through and sank, and now the stochastic indicator on H1 chart shows a decline, and therefore it is possible that the pair fall to the level of price support 86.97.