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Nzd-jpy

NZDJPY Sell opportunityThe NZDJPY pair has been trading sideways within a Resistance and Support Zone since the June 08 High, using the 1D MA50 (blue trend-line) as the pivot. The longer it does though, the more the MACD on the 1W time-frame is losing momentum and we may see a strong move downwards. In fact this pattern resembles the March - June 2021 sequence that eventually broke down to the 1D MA200 (orange trend-line) initially and the 1D MA300 (red trend-line) eventually. There is still a Support level at 79.500 but we will be targeting 82.000 and 81.000 in extension on the medium-term. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot
3
NZDJPY SHORTNZDJPY SHORT Why are we entering? - Expecting JPY strength and NZD weakness - Price is approaching our trendline, structure level - We are currently forming our 335 correction What are we waiting for to happen? - Rejection of trendline & structure level - Break of WFB trendline Entry SAFE Entry: Rejection of trendline, structure and a break of WFB trendline Risk Entry 1: Rejection of trendline & structure Risk Entry 2: Early break of WFB trendline Once entered, where will our Stoploss be? - Above the previous high (above 86.85) 30 pips - Move SL to BE after running 30 pips Where do we take profits? - Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips) - First TP - Previous low: 82.1 (420pips) - Final TP - Long term target / Structure level : 79.5 (680pips)
Short
by Pips-Collector
💡Don't miss the great sell opportunity in NZDJPYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (84.44). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDJPY is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 56. Take Profits: TP1= @ 83.14 TP2= @ 82.10 TP3= @ 81.34 TP4= @ 80.55 TP5= @ 79.46 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
6
💡Don't miss the great sell opportunity in NZDJPYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (84.44). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NZDJPY is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 56. Take Profits: TP1= @ 83.14 TP2= @ 82.10 TP3= @ 81.34 TP4= @ 80.55 TP5= @ 79.46 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
5
NZDJPY on a bearish move? 🦐NZDJPY on the daily chart is currently testing the weekly support after a few rejections by the strong descending trendline at the highs. The market right bounce today to the upside to gain the strength for a break below. How can i approach this scenario? I will wait for a potential break of the support area and in that case i will look for a nice short order according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
16
NZD JPY - FUNDAMENTAL DRIVERSNZD FUNDAMENTAL OUTLOOK: NEUTRAL BASELINE Despite the RBNZ being one of the most hawkish central banks from 2021, it hasn’t been enough to provide any meaningful trending support for the NZD. The cyclical concerns for the global economy, alongside concerns from China regarding their struggles with their covid-zero policy as well as recent big falls in commodity prices has kept the NZD pressured. Even though the RBNZ is expecting to keep their hiking cycle intact as they proved at their July meeting, some mild economic concerns have been starting to show up in the recent data, something they alluded to in their statement as well by noting medterm downside risks for the economy. Recent data such as consumer and business confidence has confirmed this view. Furthermore, a big focus for the RBNZ’s aggressive policy (apart from high inflation of course) has been to try and calm down a very hot housing market, and even though the fall is small we have seen YY house prices cool starting to cool down. These developments on the growth side are not expected to stop the RBNZ’s hiking cycle just yet, but some market participants are expecting a more dovish tone reflecting these concerns and a push back in hike expectations in the months ahead. POSSIBLE BULLISH SURPRISES Tactical positioning looksstretched, and trading at these levels it increases possibility of some mean reversion or position squaring which could trigger some upside in the NZD. Positive Covid developments in China (easing restrictions, more fiscal or monetary stimulus, or letting go of the covidzero policy) could trigger bullish reactions in the NZD. As a risk sensitive currency, and catalyst that causes big bouts of risk on sentiment could trigger bullish reactions in the NZD. Any catalyst that triggers some recovery in commodity markets (China stimulus, lifting covid restrictions, new infrastructure projects in China, higher inflation fears; lower growth concerns) should be supportive for the NZD. POSSIBLE BEARISH SURPRISES Negative Covid developments in China (increasing restrictions or adding additional ones) could trigger bearish reactions in the NZD. As a risk sensitive currency, and catalyst that causes big bouts of risk off sentiment could trigger bearish reactions in the NZD. Since a lot of policy tightening has been priced into STIR markets, any negative catalysts that triggers less hawkish RBNZ expectations (faster deceleration in growth or inflation) could trigger downside for the NZD. Any catalyst that triggers more downside in commodity markets (additional China restrictions, demand destruction fears, further growth concerns) could weigh on the NZD. BIGGER PICTURE The bigger picture outlook for the NZD is neutral for now, but that is largely dependent on what happens to China as the New Zealand economy is also very dependent on trade with China and Australia, and also dependent on whether the RNBZ sticks to their hawkish tone or pivots more dovish in the meetings ahead. Given the RBNZ’s current outlook and stretched positioning, we would favour short-term upside catalysts over trying to chase the currency lower in the short-term. JPY FUNDAMENTAL OUTLOOK: BEARISH BASELINE In recent weeks, yield differentials have been the biggest negative driver for the JPY with the BoJ keeping 10-year JGB yields capped at 0.25% with yield curve control while other central banks are hiking rates aggressively. Thus, the BoJ’s reluctance to shift on policy even with inflation starting to push higher remains a negative driver for the JPY. Even though the JPY is considered a safe haven, inflows has been limited in the current bear market compared to other cycles. The reason is Japan’s current account surplus (a main reason for safe haven appeal) has deteriorated due to the rise in commodity prices. Japan imports the bulk of their commodities , so very high energy prices has added to downside. The BoJ and MoF’s reluctance to intervene to stop the rapid depreciation in the JPY in recent weeks has been noticeable. As long as they just voice their dislike but fail to act, the market will keep testing them. Having said that, US10Y and commodities have been reacting more and more negative to the current negative cyclical growth outlook, and as a result has seen big players trim their massive JPY shorts. If this continues it should continue to support the currency on any negative data surprises from the US, especially given the size of current JPY short positions. POSSIBLE BULLISH SURPRISES Catalyst that triggers speculation that the BoJ could drop YCC or hike rates or both (big upside surprises in inflation ) could trigger upside in JPY, which means inflation data will be important to keep on the radar. Catalysts that trigger meaningful corrections in US10Y (less hawkish Fed, faster deceleration in US inflation , faster deceleration in US growth) or meaningful bouts of risk off sentiment could trigger bullish reactions from the JPY. Any catalyst that triggers meaningful downside in key commodities like Oil (deteriorating demand outlook, ease in supply shortage) could trigger bullish JPY reactions. Any intervention from the BoJ or MoF to stop JPY depreciation (buying the JPY or giving firm and clear lines in the sand for USDJPY ) could offer decent reprieve for the JPY. POSSIBLE BEARISH SURPRISES With yield differentials playing such a huge role for the JPY, any catalysts that push US10Y higher (more aggressive Fed, further acceleration in US inflation , better-than-expected US growth data) could trigger further bearish price action for the JPY. Any catalyst that creates further upside in oil prices (further supply concerns, geopolitical tensions) poses downside risks for Japan’s current account surplus and could trigger further bearish reactions in the JPY. Further reluctance from the BoJ and MoF to address the concerning depreciation in the JPY, and further reluctance from the BoJ to pivot away from very dovish policy is a continued negative driver for the JPY to keep on the radar. If the BoJ pushes back against calls for a policy shift despite upside surprise in CPI could trigger further JPY downside. BIGGER PICTURE The fundamental outlook remains bearish for the JPY, especially after the BoJ once again stuck to the same overly dovish script at their July meeting. As long as US10Y gains ground and as long as the BoJ stays stubbornly dovish and no push back is made against the JPY weakness from the BoJ or MoF, the bias remains lower. But take note of positioning which means we don’t want to chase the JPY lower and bullish reactions can see outsized upside on big drops in US10Y & commodities . It also means watching incoming CPI data closely as any huge upside surprises could trigger speculation of a possible policy shift.
by thunderpips
1
NZDJPY faces resistance at the 50% Fibonacci retracementNZDJPY - Intraday - We look to Sell at 84.26 (stop at 84.88) The medium term bias remains bearish. We are assessed to be in a corrective mode higher. Current price action faces resistance at the 50% Fibonacci retracement level of the 86.59-82.15 move. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 82.79 and 82.50 Resistance: 84.50 / 85.00 / 86.50 Support: 82.78 / 80.00 / 76.00 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.'
Short
by OANDA
NZD/JPY Short position ideaNZD/JPY is going to short. Here is why: 1- Price has broken upward trendline, possibly going to retest it. 2- We can see RD- in RSI indicator, showing us a possible trend reversal. also RSI upward trendline has broken. 3- Triple Top pattern. Invalidation: IF price breaks and stays above 87.00. If you like it then Support us by Like, follow and share. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and does not include financial recommendation. Trading is Risky, so before any action do your own research.)
Short
by FortunaInvestments
NZDJPY uptrend has potential to returnNZDJPY - Intraday - We look to Buy at 84.43 (stop at 83.98) A sequence of intraday higher highs and lows has been posted. This is positive for sentiment and the uptrend has potential to return. Buying pressure from 84.36 resulted in prices rejecting the dip. Further upside is expected. We look to buy dips. Our profit targets will be 85.59 and 86.00 Resistance: 85.60 / 86.60 / 92.00 Support: 84.36 / 80.00 / 76.00 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.'
Long
by OANDA
NZDJPY Inverse Head and Shoulders - Sell SignalThe NZDJPY pair has completed an Inverse Head and Shoulders (IH&S) pattern as it continues to trade on the 1D MA50 (blue trend-line). Technically this is a bearish reversal pattern. With the 1D RSI on Lower Highs similar to the November 2021 - Jan 2022 sequence that printed a Lower Low, we are expecting a similar sell-off. Our first target is the 1D MA200 (orange trend-line) and if broken, the 79.500 Support on the longer-term. This trade is invalidated if the price breaks above the Resistance Zone. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Short
by TradingShot
NZDJPY looking for the 82 🦐NZDJPY on the 4h chart is currently testing the weekly support. The market retraced at the 0.618 Fibonacci level after the latest structure test. How can i approach this scenario? I will wait for a potential break of the support area and in that case i will look for a nice short order according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
3
NZD/JPY Outlook (28 June 2022) The NZDJPY sits just above the 85.00 level, looking at it on a purely technical basis, it as both an upside and downside potential, as we wait for price to react to this level. However, with anticipating for the NZDUSD to move lower, on the back of a weaker NZD and the corresponding chart pattern, this is likely to imply that for the NZDJPY the downside potential could be more likely. Look for price to break below the 85.00 level a selling opportunity is confirmed. With take profit placed at near term support 84.50 or longer term support at 83.60.
Short
by JinDao_Tai
5
NZDJPY Sideways with new High towards the end of the year.The NZDJPY pair almost hit its yearly High two days ago and this 2 day rejection illustrates that this was the medium-term top. As noted in our last analysis, this is roughly replicting the March - September 2021 sequence, where the pair gave two solid sell and two buy opportunities before making a new High. Right now the price should pull-back on the medium-term towards the 1D MA100 (green trend-line) after the 1D MA200 (orange trend-line) was tested and held on the last Low. By the end of the year we should have a Higher High within this Fibonacci Channel. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
3
NZDJPY - Plan For The Year ✨Our last NZDJPY analysis was invalidated and did not get triggered for entry. Since then, we went back to the drawing board and realised that we're still within Wave 5. Wave 5 is made up of 5 subwaves and we are currently on the 4th subwave, which is an ABC correction. We are now trading the C leg of this correction. SHORT Trade Idea: - Watch for rejection of fibonacci - Enter on trendline break with stops above the recent highs - Targets: 80 (550pips), 78.6 (700pips) LONG Trade Idea: - Watch for the ABC correction to complete above the wave 4 invalidation level (blue structure) - Once bullish price action appears, enter with stops below the lows - Targets: 85 (700pips), 87.3 (900pips) 89 (1050pips) See below for lower timeframe analysis. Break of orange trendline = risk entry Break of red trendline = safe entry Gooduck and as always, trade safe!
by WicktatorFX
9