Nzd-jpy
NZDJPY - Is the WAR SENTIMENT OVER? Will BE MARKET RISK OFF? - BUILDING CONSENTS, ANZ business confidence, DATA released for the New Zealand dollar this week. BUILDING CONSENTS A very good DATA came. But BUSINESS CONFIDENCE DATA came with a very bad DATA. According to the MARKET SENTIMENT, a DEMAND may come to NZDs this week. Also, the Japanese yen is following the market sentiment as there is no special data release for JPY.
- NZD FEATURE is currently down a bit. The main reason for this is that the MARKET RISK is starting to OFF and the STOCKS are starting to DOWN. The NZD FEATURE stands at 0.6945 LEVEL. The JPY FEATURE was heavily DOWN before. But it has now been avoided. Some UP TREND has started moving. According to MARKET SENTIMENT and JPY ECONOMIC PROJECTION. Anyway, if there is a CORRECTION that can be JPY UP in the future. Stay tuned for the VIX INDEX. Right now the VIX is getting a bit UP. NZDJPY Price is currently based on DYNAMIC LEVELS. So we must be careful.
- Currently the OVERALL MARKET is RISK OFF. Also STOKES are getting a bit RED. VIX UP is becoming. Also COMMODITIES are now slowly DOWN.
- NZDJPY Price may be slightly UP according to MARKET STRUCTURE. A RETRACEMENT has arrived that can TUCH the NZDJPY price TREND LINE again. Then the NZDJPY price can be DROP. Because VIX INDEX is currently UP. Also EQUITY MARKETS are currently DOWN. FOLLOW STRUCTURES AND MARKET SENTIMENT.
NZDJPY - Is the WAR SENTIMENT OVER? Will BE MARKET RISK OFF? - The DATA BUILDING CONSENTS, ANZ business confidence, for the New Zealand dollar is due out this week. These are very LOW IMPACT NEWS. According to the MARKET SENTIMENT, a DEMAND may come to the NZD this week. Also, the Japanese yen is following the market sentiment as there is no special data release for JPY.
- China has decided to lock down the Shanghai area of China due to the further escalation of the corona virus. It is not clear whether this is a new variant or an old variant. Stay tuned for this. This could affect NZD AUD CURRENCIES in the future.
- NZD FEATURE is currently down a bit. The main reason for this is that MARKET RISK is starting to OFD and STOCKS are starting to DOWN. The NZD FEATURE stands at 0.6930 LEVEL. JPY FEATURE is heavily DOWNED according to MARKET SENTIMENT and JPY ECONOMIC PROJECTION. Anyway, if there is a CORRECTION that can be JPY UP in the future. Stay tuned for the VIX INDEX. Its price is above NZDJPY DYNAMIC LEVELS.
- Currently the OVERALL MARKET is RISK OFF. Also STOKES are getting a bit RED. VIX UP is becoming. Also COMMODITIES are now slowly DOWN.
- NZDJPY currently has a SHORT TERM UPSIDE BIAS. Maybe the NZDJPY price will move to 87.32 LEVEL.
- If the market risk goes off anyway, you can definitely BREAK the NZDJPY TREND LINE and sell at 82.09 LEVEL.
- Maybe a little PULLBACK can come before the NZDJPY BUY according to the MARKET CONDITION. Today is Monday so we have to wait for the LONDON SESSION.
- Stay tuned for market sentiment and NZD FEATURE CHART, JPY FEATURE CHART, VIX CHART. From this we can see the trends against markets against NZDJPY and the MARKET SENTIMENT.
- Now the price is above the dynamic levels so maybe the PRICE for DYNAMIC S / R LEVEL can be a RETRACEMENT.
XABCD Pattern, Short trader with good probabilityThis pattern indicated that the NZD/JPY could drop nicely this week, looking at the daily chart, and it could bring some decent profits.
But of course, this is just basic technical analysis.. 100% accurate, detailed, and precise trades are forever available to our wonderful clients.
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NZDJPY H&S Formation - Huge Sell opportunity Here is a new SELL Scenario for NZDJPY , there is here a very high probability of head and shoulders formation.
I expect a sell between 80.400 - 80.700
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NZDJPY Correction Continuation LONGWelcome back! Here's an analysis of this pair!
**NZDJPY is now trading in an uptrend and approaching resistance 79.20 area. I expect a correction from the area back to previous support near 78.40, and further growth upward. Bias is LONG!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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NZDJPY is on bearish momentum! | 15th Feb 2022Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our sell entry at 76.805 in line with 50% Fibonacci retracement towards our Take Profit at 75.314 in line with 127.2% Fibonacci extension. RSI is showing bearish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZDJPY Trading PlanThe pair has been trading within a Channel Down since the October 21 2021 market top. As long as it holds and the price is trading below the 0.618 Fibonacci retracement level, the trend remains bearish and NZDJPY should be targeting a new Lower Low within the Channel. A reasonable target is 73.000, which is just above the 1.236 Fibonacci extension that was the last Lower Low of the May - August Channel Down.
On the other hand, if the price breaks above the 1D MA200 (orange trend-line), which is outside the Channel Down, the bullish trend is resumed and the break-out should target at least the 0.236 Fibonacci retracement level. The recent Bullish Cross on the 1D MACD can certainly help towards that direction.
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NZDJPY bearish momentum! | 4th Feb 2022Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our sell entry at 77.856 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension towards our Take Profit at 75.217 in line with 127.2% Fibonacci extension. Technical indicators are showing bearish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZDJPY bearish momentum! | 28th Jan 2022Prices are on bearish momentum and abiding to our descending channel. We see the potential for a dip from our sell entry which is a graphical overlap at 75.971 in line with 100% Fibonacci extension and graphical swing low towards our Take Profit at 75.043 which is an area of Fibonacci confluences. Prices are trading below our Ichimoku cloud resistance and RSI are at levels where dips previously occurred, further supporting our bearish bias.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NZDJPY potential for bounce! | 21st Jan 2022Prices are on bullish momentum and abiding to our ascending trendline. We see the potential for a bounce from our buy entry at 76.438 in line with 78.6% Fibonacci retracement towards our Take Profit at 77.568 in line with 23.6% Fibonacci retracement and 38.2% Fibonacci retracement. RSI are at level where bounces previously occurred.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Adapt and Apply As I said in the analysis on NJ that the Supply Zone was not a signal to short if it didn't show bearish pressure and LTF change of direction then you adapt to market movement.
The zone was broken a retrace of 50% was completed and on a LTF there was a set up to go long, it reached the 1hr Supply at the extreme, again on LTF changed direction and entry was there.
Drop to the 15m chart and take a look for yourself... opportunities everyday!
Trade Safe :)
NZDJPY ready to short?Looks like a good area for shorts - lower time frame confirmation needed but with the major swing and retracement at the 50% level with a decent looking Supply zone on offer there's a good chance price could turn here.
This is not a signal to short we don't know if this supply will hold so don't blindly sell expecting it to go down, look for lower time frame analysis to show that price is starting to move in the same way as the higher timeframe.
Trade Safe :)
NZDJPY is on bullish momentum! | 10th Jan 2022Prices are at a Pivot . We see the potential for a bounce from our buy entry at 77.972 in line with 38.2% Fibonacci retracement towards our Take Profit at 79.224 which is an area of Fibonacci confluences. RSI is at levels where bounces previously occurred.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.