NZDJPY Best short opportunity in more than a monthNZDJPY hit the top of the 3 month Channel Up on a peak formation that's the same as the previous Higher Highs.
This is a prime candidate for a short position considering that the 1day RSI also displays a Bearish Divergence.
Sell and target the 1day MA50 at 86.750, even though the pull back can extend as low as the 0.618 Fibonacci based on the previous Channel Up pull back.
Follow us, like the idea and leave a comment below!!
Nzd-jpy
✨ ADD-ON: NZDJPY ✨ AGGRESSIVE SHORT (2D) ✨TIMELINE
00:00 Intro
00:52 DCA Entries, TPs, SLs
03:48 Technical Analysis for Novices
08:20 Technical Analysis for the Pros
10:55 BIG PICTURE (21D)
12:27 Boost, Follow, Comment, Join
-SL @ 90.00 🚫
SLO2 @ 89.33 ⏳(21D)
SLO1 @ 89.00 ⏳ (2D)
SSO @ 88.33 ⏳ (2D)
TP1 @ 87.80 (shaving 25%)
TP2 @ 86.80 (shaving 25%)
TP3 @ 86.15 (shaving 25%)
TP4 @ 84.90 (shaving 25%)
TP4 @ 1.1475 (closing ALL Sell Orders)
TECHNICAL ANALYSIS
A few oscillators appear to be showing some bearish momentum on the NZDJPY chart. For example, the Relative Strength Index (RSI) is NEUTRAL, which is a sign of bearish momentum. Additionally, the Stochastic Oscillator is also NEUTRAL at its 14-day moving average, which signals increased distribution. Both are hinting towards selling pressure.
WE ARE A COMMUNITY
BOOST a trade idea to share with others and "pay it forward"
FOLLOW to receive alerts of any new posted ideas
COMMENT with questions, insight, and expertise
JOIN our group chat: receive free analyses on any instrument
✨ NEW: NZDJPY ✨ BIG PICTURE (14D) ✨🗣 SHOUT OUT TO @Vick_NZ for recommending I re-analyze this pair.
-SL @ 94.50 🚫
SLO @ 89.33 ⏳
TP1 @ 79.75 (shaving 25%)
TP2 @ 71.50 (shaving 25%)
TP3 @ 65.50 (shaving 25%)
TP4 @ 56.25 (shaving 25%)
SUPPORT @ 54.00
BLO @ 48.55 ⏳
BLO2 @ 77.85 ⏳
WE ARE A COMMUNITY
BOOST a trade idea to share with others and "pay it forward"
FOLLOW to receive alerts of any new posted ideas
COMMENT with questions, insight, and expertise
JOIN our group chat: receive free analyses on any instrument
NZDJPY possible bounceAfter the failure of a previously established supply zone, price preceded to form liquidity at the top of market structure. It then retraced and retested an established demand zone, expanding away with momentum. This lead to a break of structure, which confirms our continuation to the upside. This has now presented a potential opportunity to enter long on demand zone that has currently formed and awaits mitigation.
NZDJPY to 0.895 obviouslyAnd yes, I said "obviously" on the title to clickbait you. Nothing more than that. Haha. Anyways.
Hey Traders! 👋
For Day 37/100 of our challenge, we will look at an update on our data-backed NZDJPY long idea we sent out two days ago
Technicals: (update to tagged idea)
- 0.97 pivot area successfully rejected
- Made an impulse move to 0.882
- Expecting long signals around current level
- Target remains 0.895
- Invalid if 0.868 is breached
That's it for today.
Were you able to catch the BTCUSD trade idea I have (tagged below)? That was a fun catch
Like and follow for more. Visit our profile to see more ideas that are still valid for the week
Thanks!
NZDJPY to find buyers at current swing low?NZDJPY - 24h expiry
Previous support located at 87.50.
Previous resistance located at 88.00.
There is no clear indication that the upward move is coming to an end.
Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 88.00 will confirm the bullish momentum.
We look to Buy at 87.05 (stop at 86.5)
Our profit targets will be 88.25 and 88.50
Resistance: 88.00 / 88.35 / 88.50
Support: 87.50 / 87.00 / 86.50
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
NZDJPY to 0.89 - or overextended?Hey Traders! 👋
For Day 34/100 of our challenge, we will look at a data-backed NZDJPY long idea
Technicals:
- Overall bullish
- Made a high at 88.50
- Expecting retracement to 87.60
- Target at 89
- If 86.80 is breached, idea is invalid
Other data:
⬆️ Seasonality is still bullish expecting 90 level
⬆️ Pattern scan is also bullish expecting 90 before deeper retracement
⬆️ Supertrend is also bullish
⬆️ Retail traders have extreme short positions which we would want to go against
🤔 What's your take?
Like and follow for daily high-quality trade ideas!
🔥 MODIFICATION: NZDJPY 🔥 SWING TRADE 🔥Our technical analysis of NZDJPY is still in play. The pair has been in a downtrend for the past few months and has recently reached a Supply Zone (SZ) at 86.60 on the 15-hour chart. This SZ suggests that there is strong selling pressure at this level, and it is likely that the pair will continue to decline. The next resistance level is at 86.80, and if this level is respected, then we have a huge opportunity to capitalize on this downside pressure.
Resistance @ 86.80
Supply Zone @ 86.60
SSO2 @ 86.15 📉
SSO1 @ 85.15 📉
TP1 @ 84.35 (shaving 25%)
TP2 @ 83.66 (shaving 50%)
TP3 @ 82.33 (closing ALL Sell Orders)
BLO1 @ 82.00
BLO2 @ 81.25
-SL @ 80.85 🚫
NZDJPY support continues to hold back the bears.NZDJPY - 24h expiry - We look to Buy at 84.50 (stop at 84.05)
Previous support located at 84.41.
Previous resistance located at 85.00.
Price action looks to be forming a bottom.
Further upside is expected.
Dips continue to attract buyers.
Our profit targets will be 85.60 and 85.80
Resistance: 85.00 / 85.41 / 85.86
Support: 84.50 / 84.25 / 83.50
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
NZDJPY: starting the final sell wave of the Head and Shoulders.NZDJPY is on neutral 1D technicals (RSI = 50.536, MACD = 0.110, ADX = 26.358) as the price is consolidating after a rebound on the 1D MA50. The rejection on the R1 Zone, is technically the Head of the Head and Shoulders pattern, a bearish formation seen on market peaks. This rebound is forming the Right Shoulder.
With the 1D RSI on Higher Lows for the whole year, we can't ignore the possibility of a fake Head and Shoulders formation, so the level which invalidates this is the LS overhead Resistance at 85.940. Under this, we will target the 0.236 Fibonacci level (TP = 81.550), which is a standard target for the price after rejections on the R1 Zone since April 2022.
Prior idea:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
NzdJpy Long Bias !!Good Day.
i've had my eyes on NZDJPY for a Long time now.
i'm looking at a potential Bullish reversal at the Support level which has a Demand Zone on H8 TF.
Price has been at this zone for about 24 hours with multiple Exhaustion Candles and now we have a potential Bullish
which may serve as a potential Confirmation for Entry for a BUY!
NZDJPY to find sellers at psychological level?NZDJPY - 24h expiry - We look to Sell at 85.00 (stop at 85.36)
Previous support located at 84.50.
Previous resistance located at 85.00.
Broken out of the channel formation to the downside.
Reverse trend line resistance comes in at 85.50.
Further downside is expected although we prefer to sell into rallies close to the 85.00 level.
Our profit targets will be 84.10 and 83.90
Resistance: 85.00 / 85.25 / 85.50
Support: 84.50 / 83.75 / 83.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NZDJPY in a corrective channel.NZDJPY - 24h expiry
Previous support located at 84.50.
Previous resistance located at 85.00.
Broken out of the channel formation to the downside.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 84.50 will confirm the bearish momentum.
We look to Sell at 85.35 (stop at 85.75)
Our profit targets will be 84.35 and 84.15
Resistance: 85.00 / 85.50 / 86.00
Support: 84.50 / 84.25 / 84.00
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
NZDJPY Upside PotentialHey Traders! 👋 For Day 14/100 of our challenge, we will look at NZDJPY upside potential
It is a simple break and retest setup
Break of 86 high > created a higher-high 87.3 > Retest to 85 daily resistance and 62% fib > target higher resistance
Long thesis is invalid once 84 level is broken
Simple technical outlook today.
Have a great day ahead 🥂
NZDJPY Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring NZDJPY for a selling opportunity around 84.200 zone, NZDJPY was trading in an uptrend and successfully managed to break it out, currently NZDJPY seems to be in a correction phase in which it is approaching the retrace area at 84.2 support and resistance zone.
Trade safe, Joe.
NZDJPY to turnaround?NZDJPY - 24h expiry
Previous support located at 85.00.
Previous resistance located at 85.50.
Price action looks to be forming a top.
Short term momentum is bearish.
A move through 85.00 will confirm the bearish momentum.
We look to Sell a break of 85.28 (stop at 85.78)
Our profit targets will be 84.08 and 83.78
Resistance: 85.50 / 85.80 / 86.00
Support: 85.00 / 84.00 / 83.50
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
NZDJPY: Approaching the Sell Zone.NZDJPY has been trading sideways inside a Rectangle pattern for a full year. Our TP = 86.300 is close to getting hit, the 1D technicals are naturally green (RSI = 65.478, MACD = 0.580, ADX = 24.917) since we are on a bullish wave but the price is approaching the Sell Zone of this pattern. That is the region between the 0.786 Fibonacci level (86.300) and the R1 Zone (87.335 - 88.145).
In addition, the 1D RSI hasn't been higher since November 1st 2022. Consequently, we are going short now targeting on the long term the 0.236 Fibonacci (TP = 81.550).
Prior idea:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
NZDJPY Buy opportunity with its invalidation.The NZDJPY pair has been on a strong rebound ever since the April 26 hit on the 1W MA100 (red trend-line), which has been the major long-term Support. Even though it got rejected on the 85.265 Resistance, as long as the 1D MA50 (blue trend-line) holds, we will be bullish targeting the bottom of the Resistance Zone at 86.500. The 1W RSI is printing a pattern similar to October 2021 - February 2022, supporting this bullish scenario, as the price has also broken above the top's Lower Highs trend-line.
On the other hand, if we close a 1D candle below the 1D MA50, the bullish case will be invalidated and we will sell targeting the 80.600 Support.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇