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Nzd-jpy

NZDJPY Support break-outs determine our tradesNZDJPY gave us last time (May 05) a very accurate buy signal that hit the target (see chart below) and even broke the 1 year Resistance Zone: The pattern that emerged is a Bullish Megaphone, whose latest Higher Low leg is supported by the 1D MA50 (blue trend-line), having closed all candles above it. As long as it holds, we remain buyers and target Resistance 1 (89.700). If the price breaks below Support 1 (86.230) we will sell and target the bottom (Higher Lows trend-line) of the Bullish Megaphone at 85.330, near the 1D MA200. A 1D candle close below that, will be a bearish break-out signal for us and we will sell again, targeting Support 2 (83.540). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
2
Kepp it easy NZDJPY Long Can go Above 101Trend Bullish Momentum bullish Pivozs bullish broken, we will make new Higher Highs If the NZD/JPY breaks the abovementioned price level, the next stop would be the 89.00 psychological level, as the pair gets on its way toward testing the 2015 high at 92.42. Conversely, the NZD/JPY first support would be the May 23 high at 87.31, which, once cleared, would expose the May 24 daily high turned support at 86.68. The following support levels would be the Tenkan-Sen line at 86.00 and the Kijun-Sen line at 85.56. Given that the Ichimoku cloud suggests the NZD/JPY is upwards, oscillators like the Relative Strength Index (RSI) indicate that the pair is approaching overbought territory, but its slope aims down. The three-day Rate of Change (RoC) shows buyers are losing momentum. LEVELS Previous Daily High 87 Previous Daily Low 86.07 Previous Weekly High 85.55 Previous Weekly Low 84.42 Previous Monthly High 87.31 Previous Monthly Low 83.44 Daily Fibonacci 38.2% 86.64 Daily Fibonacci 61.8% 86.42 Daily Pivot Point S1 86.32 Daily Pivot Point S2 85.73 Daily Pivot Point S3 85.39 Daily Pivot Point R1 87.25 Daily Pivot Point R2 87.59 Daily Pivot Point R3 88.18 NZ Dollar to Yen forecast by day Date Weekday Min Max Rate 04/07 Tuesday 88.10 90.78 89.44 05/07 Wednesd 88.79 91.49 90.14 06/07 Thursday 88.93 91.63 90.28 07/07 Friday 87.82 90.50 89.16 10/07 Monday 88.22 90.90 89.56 11/07 Tuesday 88.40 91.10 89.75 12/07 Wednesd 88.25 90.93 89.59 13/07 Thursday 88.63 91.33 89.98 14/07 Friday 89.44 92.16 90.80 17/07 Monday 88.61 91.31 89.96 18/07 Tuesday 88.22 90.90 89.56 19/07 Wednesd 89.21 91.93 90.57 20/07 Thursday 89.77 92.51 91.14 21/07 Friday 90.46 93.22 91.84 24/07 Monday 91.29 94.07 92.68 25/07 Tuesday 91.30 94.08 92.69 26/07 Wednesd 92.18 94.98 93.58 27/07 Thursday 92.22 95.02 93.62 28/07 Friday 91.94 94.74 93.34 31/07 Monday 92.06 94.86 93.46 01/08 Tuesday 92.01 94.81 93.41 02/08 Wednesd 92.59 95.41 94.00 03/08 Thursday 93.08 95.92 94.50 04/08 Friday 92.32 95.14 93.73 The NZD/JPY is still upward biased from a daily chart perspective, as the pair remains above the Ichimoku cloud.
Long
by DaveBrascoFX
2
NZDJPY: Use the 1D MA50 as the pivot level for your trades.NZDJPY is trading inside a Channel Up since March with the 1D timeframe neutral (RSI = 52.530, MACD = 0.380, ADX = 27.602) after last week's rebound on the 1D MA50. This tells us that this is the technical pivot and as long as it holds the new Higher Low for the Channel Up, hence a bullish signal targeting the R1 (TP = 89.675). If the price crosses under the S1 (86.235) this bullish signal will be invalidated and we will sell, targeting the S2 (TP = 83.550). An early sell confirmation may come when the 1D RSI crosses under its HL trendline. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
1
NZDJPY held the MA50 (1d) and can rise +7%NZDJPY is trading inside a Channel Up and Wednesday's contact with the MA50 (1d) resulted in a 3 day rebound so far. That was the latest Higher Low at the bottom of the Channel Up, the previous was also formed on the MA50 (1d). The two bullish legs have risen at least +7%. Trading Plan: 1. Buy on the current market price. 2. Sell below Support (1). Targets: 1. 92.300 (+7% rise to the top of the Channel Up). 2. 83.550 (Support 2). Tips: 1. The RSI (1d) is also trading inside a Channel Up. The recent bottom matches the one on the MA50 (1d). Please like, follow and comment!!
Long
by TradingBrokersView
7
NZDJPY to see a temporary move higher?NZDJPY - 24h expiry - We look to Sell at 88.80 (stop at 89.30) Broken out of the channel formation to the downside. Further downside is expected. Although we remain bearish overall, a correction is possible without impacting the trend lower. Risk/Reward would be poor to call a sell from current levels. A move through 88.00 will confirm the bearish momentum. Our profit targets will be 87.60 and 87.35 Resistance: 88.50 / 88.80 / 89.00 Support: 88.00 / 87.80 / 87.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
NZDJPY to see a temporary move higher?NZDJPY - 24h expiry - We look to Sell at 87.50 (stop at 87.90) Broken out of the channel formation to the downside. Further downside is expected. Short term RSI is moving lower. Risk/Reward would be poor to call a sell from current levels. A move through 86.75 will confirm the bearish momentum. Our profit targets will be 86.50 and 86.25 Resistance: 87.00 / 87.50 / 88.00 Support: 86.50 / 86.25 / 86.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
NZDJPY: Trend Following Setup Explained 🇳🇿🇯🇵 NZDJPY is trading in a long term bullish trend. The price broke and closed above a key daily resistance this week. After a breakout, the price started a correctional movement within a bullish flag pattern on 4h time frame. Retesting the broken structure, the price bounced and violated the resistance of the flag. It will most likely trigger a trend-following movement. I expect a growth to 89.65 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
7
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!!
Short
by TheCryptagon
1
✨ 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
by ProfessorCEWard
✨ 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
Short
by ProfessorCEWard
6
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!
Long
by rob_WRLD_
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.
Long
by OANDA
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!
Long
by rob_WRLD_
6
🔥 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 🚫
Short
by ProfessorCEWard
1
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.
Long
by OANDA
1
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. ##
Short
by InvestingScope