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NZD/JPY under bearish pressure

AdamFx42 Posted 13 Oct. as Analysis on NZD/JPY, Target: 83.0300, Date: 1st of December, 12:00 GMT  in #Technical analysis #NZD/JPY #Rsi #Macd #Weekly Channel #Fibonacci Expansion Levels #Strong Bearish Candles
Nzd/Jpy has broken out of a bearish weekly channel to the downside
The retest of the lower border has left it below there, and has failed
The RSI and the MACD indicators are both bearish
and this puts a lot of bearish pressure on the pair
Nzd/Jpy weekly chart
The 100% weekly fibonacci expansion level has been broken to the downside too
and this indicates a further move down towards the 161.8% fibonacci expansion level
On the daily chart I have drawn the fibonacci expansion level of the last dail…
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NZD/JPY forming the last leg of a weekly 'M'

AdamFx42 Posted 19 Aug. as Analysis on NZD/JPY, Target: 84.9100, Date: 1st of October, 12:00 GMT  in #Technical analysis #NZD/JPY #'m Pattern #Weekly Trendline #Consilodation #Bearish Continuation
Nzd/Jpy seems to me to be a typical case of PA - price action,
if we take a look at the weekly chart;
the price has moved below the weekly trendline upward after some weeks of sideways action or consilodation
and is forming a M-pattern - a bearish pattern indicating a reversal:
Nzd/Jpy weekly chart
On the daily chart we find that the move down from the top of the last leg of the M-pattern
leads to a fibonacci expansion area of 61.8% that lies just below 85,
the same area as where the last leg sh…
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5 Comments
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AdamFx42 3 Sep.

Price moving a bit higher, but I expect it to stay below 88
because a stronger move up would cancel the weekly  'M' pattern

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AdamFx42 11 Sep.

On its way down again now after a retest of lower weekly border

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AdamFx42 27 Sep.

even more Nzd weakness may still lead to target

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AdamFx42 29 Sep.

Yes - the 'M- pattern on the weekly chart has been formed just in time,
price is just 10 pips above target just now

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AdamFx42 1 Oct.

unfortunately - for no real reason - Nzd is moving higher, and price has moved away,
need a drop in Usd/Jpy - for example- to break lower again

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The waiting game - bad news continues to haunt me

AdamFx42 Posted 19 Aug.  in #Trader's blog #NZD/JPY #Bad NZD #Waiting For Longs To Hold
I have a 5 milj. long Nzd/Jpy, and around 50k, that's it
This is going to sound like a trader's blues,
but I have been counting on Nzd longs for almost a month now,
and still bad data seems to keep every Nzd cross down:
good news today for the US - some strong data pushing Usd/Jpy up,
other Jpy crosses follow that lead, but sadly Nzd/Jpy still going nowhere
because of some more bad milk data out of Nz again today
I don't seem to be able to catch a break,
and now all I can do is wait -- I am too …
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NZD/JPY looks ready to break 90

AdamFx42 Posted 16 June as Analysis on NZD/JPY, Target: 91.0000, Date: 1st of August, 12:00 GMT  in #Technical analysis #NZD/JPY #Fibonacci Expansion #NZD Strength #Weekly Trend #Daily Channel Up
In Nzd/Jpy it looks like there is a perfect setup for a break above 90
A daily channel up is recognized by the pattern recognition tool
and Fibonacci expansion on weekly and daily timeframe indicates a target of around 91 next month
First lets take a look at the weekly chart:
First of all we see the weekly trendline that I have drawn that is supporting price action up
and providing support on dips in Nzd/Jpy
This price action up is also supported by a strong RSI14 weekly of close to 60
If we dra…
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1 Comments
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AdamFx42 10 July

Pair has moved up nicely above 88 - need a catalyst to bring it above 90, Nzd data should remain strong

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Deeper retracement down coming up for NZD/JPY

AdamFx42 Posted 25 Apr. as Analysis on NZD/JPY, Target: 85.890, Date: 2nd of June, 12:00 GMT  in #Technical analysis #NZD/JPY #Fibonacci Retracement #Deep Retracement #JPY Strength #NZD Weakness
Nzd/Jpy is in for a deeper retracement down after hitting 90 - a target that was pointed out by traders months ago
Fundamentally Jpy is growing stronger and all the yen crosses will suffer
Nzd will be in for a deep retracement after hitting the weekly target area of 90
The first move down for this pair should challenge the downside of the daily channel that is seen in the daily chart:
In the weekly chart, if we draw the fibonacci retracement we can see that the 50% retracement level
of the last…
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4 Comments
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AdamFx42 10 May

After failing to break back up - this pair is now en route towards my target, I expect further Usd/Jpy weakness to be a catalist for a further move down in Nzd/Jpy

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AdamFx42 17 May

Still a long way from target - waiting for Usd/Jpy to break below 101 now for the yen crosses to follow down

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AdamFx42 20 May

Still stuck around 87 - need more Usd weakness or stronger yen - data coming tonight

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AdamFx42 2 June

Good analysis - if I say so myself, I'm off about 40 pips near closeand my predicted movement seems spot-on

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Another Bearish setup in NZD/JPY

AdamFx42 Posted 16 Mar. as Analysis on NZD/JPY, Target: 84.9800, Date: 1st of May, 12:00 GMT  in #Technical analysis #Resistance #NZD/JPY #Fibonacci Retracement #Support Level #Retracement #Target Area
Nzd/Jpy charts show us another bearish setup
Another bearish engulfing candle has appeared on the daily chart after the pair has hit 88
-- a target that was predicted by traders months ago
The next target will be 92, but retracement is in order first,
and this should be a deeper retracement this time
First, let us take a look at the daily chart:
Here we can see that the bearish engulfing candle has already pushed the price toward daily trendline,
and with this quick price action down - I doubt …
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2 Comments
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AdamFx42 24 Mar.

After initially reversing back up again, pair now seems to be holding and is near trendline -it will break to downside soon, it looks

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AdamFx42 17 Apr.

There seems to be a downward breakout starting now, but target is still a far way

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NZD/JPY heading for a retracement down

AdamFx42 Posted 18 Jan. as Analysis on NZD/JPY, Target: 84.6700, Date: 3rd of March, 12:00 GMT  in #Technical analysis #NZD/JPY #Retracement #Gravestone Doji #Market Warning Sign #Rejection Of Highs
Nzd/Jpy has recently put in a five year high, but a warning sign has
appeared: on the weekly chart a gravestone doji candle has appeared after reaching
that five year high and it has closed below the 2013 high, too
Nzd/Jpy is a commodity currency which often reflects the state of the markets;
ina prosperous period traders are willing to invest in it, as it is a
reasonably safe currency to build longs in,
when things turn bad traders will step out and leave the bears in co
…
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AdamFx42 21 Feb.

Initial retracement last month was much deeper than I expected, but price action has brought it back up above my predicted retracement area, and the support levels I set out are in play again now - pair now at 85, and close to my predicted price again - this level of support should hold the pair above 84.4 area

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AdamFx42 28 Feb.

On its way down again after a peek above 85 - I'm happy with this prediction

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AdamFx42 2 Mar.

Open lower because of Ukraine situation - I'm guessing back down after gap close,
hope to see it hit my target by 12:00 GMT tomorrow

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AdamFx42 3 Mar.

When I checked this morning price was exactly on target - just a couple of hours to go

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AdamFx42 3 Mar.

03-03-2014, 12:00 GMT @ prediction closing time: Bid price Nzd/Jpy = 84.592, prediction is spot on!
Missed it by just 7.8 pips

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First technical target NZD/JPY to be made

AdamFx42 Posted 14 Dec. as Analysis on NZD/JPY, Target: 86.5000, Date: 3rd of February, 12:00 GMT  in #Technical analysis #Double Bottom #NZD/JPY #Fibonacci Expansion #Resistence #W Pattern #Rsi 14 Weekly
Nzd/Jpy has been the focus of attention for many traders now for the last couple of months - since it broke 80
There has been a very strong move up the last two years, as you can see on the monthly chart
and technical analysis points to a ultimate target of 92, after breaking of 86 area
Let's look at the monthly chart:
Just look at the fibonacci expansion here, I will clarify the rest in the weekly chart after this
The latest move up and recent retracement gives us a 61.8% Fibonacci Expansion ar…
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AdamFx42 12 Jan.

Pair now holding around 86.3 - still unable to break strong resisance area - if Usd strength returns we should see 86.8 soon

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AdamFx42 14 Jan.

Break of resistance at 86.8 done - now looking for retracement back to 86.5 to complete my analysis

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AdamFx42 17 Jan.

Retracement happened as I expected, now to hold around/above 86

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AdamFx42 21 Jan.

Bounce back up to 87 on stronger dollar - still holding in the right area, little retracement down expected

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AdamFx42 28 Jan.

big correction down now because of yen strength- back up to 85 today, and may continue up due to nzd strength

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NZD/JPY on a strong move up

AdamFx42 Posted 13 Oct. as Analysis on NZD/JPY, Target: 86.0000, Date: 2nd of December, 12:00 GMT  in #Technical analysis #NZD/JPY #Fibonacci Expansion #Bullish Rsi #Fibonacci Retracement Over
I believe that Nzd/Jpy will rise a lot the coming weeks, as the RSI is strong and we find a lot of indicators providing support for a move up

First of all on the weekly chart we see that the RSI is a healthy 58+, and we can also see that latest Fibonacci retracement from last move up
has held at 38.2% - a strongly Bullish indicator if another large move up will start from here

If retracement has indeed held here, we can see throught Fibonacci expansion that the 61.8% expansion rate and first t…
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4 Comments
35M265Hi avatar
35M265Hi 13 Oct.

good with technical forecasts keep it up hope this month again be number 1

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AdamFx42 27 Oct.

Thank you

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AdamFx42 27 Oct.

Another big retracement for Nzd/Jpy last week due to an economic scare of Chinese banks, should pick up again next week - technically now too early to say whether something has changed

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Pisakjanos 1 Nov.

I am a big fan of NZD/JPY, and I was long all the time, but unfortunately I haven't luck. I hope that it will rise in november. Congratulations for the social trading contest.

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