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NZDJPY

NZDJPY to breakdown?NZDJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. Bearish divergence is expected to cap gains. A lower correction is expected. We look to Sell a break of 92.10. We look to Sell a break of 92.10 (stop at 92.50) Our profit targets will be 91.10 and 90.85 Resistance: 92.50 / 92.80 / 93.20 Support: 92.00 / 91.60 / 90.90 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
NZDJPY - 4hrs ( Buy Trade Target Range 250 PIP ) 🟢 Pair Name :NZD/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Long ) ——————————— Bullish Break 91.900 Area Reasons - Major Turn level / D - Visible range Value - Pattern Target - Day / week high Bearish Reversal 94.300 area Reasons - Major Turn level - Visible Range Hvn - pattern Target - Major Choch
Long
by GoldenEngine
1
NZDJPY: Rectangle trading calls for buying.NZDJPY is neutral on its 1D technical outlook (RSI = 52.566, MACD = 0.350, ADX = 19.993) as it's been trading sideways inside a Rectangle pattern since September 27th. The recent rebound happened on the 4H MA200 and today it took a rejection on the 4H MA50. One more test of the 4H MA200 is possible but overall it is more likely to see an upward test of the lower Resistance Zone (TP = 91.800). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
NZDJPY Will Explode! BUY! My dear friends, Please, find my technical outlook for NZDJPY below: The instrument tests an important psychological level 91.135 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 91.469 Recommended Stop Loss - 90.960 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
NZDJPY What Next? SELL! My dear followers, I analysed this chart on NZDJPY and concluded the following: The market is trading on 91.609 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 91.230 Safe Stop Loss - 91.834 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
NZDJPY Will Move Higher! Long! Take a look at our analysis for NZDJPY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 90.965. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 92.269 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
NZDJPY Buyers In Panic! SELL! My dear subscribers, NZDJPY looks like it will make a good move, and here are the details: The market is trading on 91.89 pivot level. Bias -Bearish My Stop Loss - 92.317 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 91.246 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
NZDJPY Is Going Down! Short! Here is our detailed technical review for NZDJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 91.001. Considering the today's price action, probabilities will be high to see a movement to 90.827. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
NZD/JPY H4 | Potential bullish bounceNZD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 90.23 which is a pullback support. Stop loss is at 89.70 which is a level that lies underneath a multi-swing-low support and the 38.2% Fibonacci retracement level. Take profit is at 91.27 which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
1
Bearish drop?NZD/JPY is reacting off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could fall from this level to our take profit. Entry: 90.71 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 91.02 Why we like it: There is an overlap resistance that is slightly below the 78.6% Fibonacci retracement. Take profit: 90.20 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! 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 4HNZD/JPY (4H) Analysis: Rectangle Support Pattern: The NZD/JPY pair has been trading within a well-defined rectangle pattern on the 4-hour chart, with horizontal support forming the base. The price has consistently bounced off this support level, indicating strong buyer interest at this zone. Forecast: BUY with pattern The price is currently testing the lower boundary of the rectangle, presenting a buying opportunity. The support zone has held multiple times, suggesting a potential upward move towards the top of the rectangle. A buy entry is recommended near the support, targeting the upper resistance of the rectangle. To manage risk, stop losses should be placed just below the support zone. Key factors to consider: - Repeated tests of the support level without a significant breakdown. - Potential for price to move back towards the top of the rectangle. - Well-established risk-to-reward ratio with a clear support base.
Long
by PIPSFIGHTER
Potential bullish reversal?NZD/JPY is reacting off the pivot which has been identified as a pullback support and could rise to the 1st resistance level which acts as a pullback resistance. Pivot: 90.25 1st Support: 89.88 1st Resistance: 90.61 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Traders could veer towards the yen with risk events loomingIt is no coincidence that VIX futures have been creeping higher in recent weeks despite Wall Street hitting record highs, as traders are presumably hedging downside risk as we approach the US election. And that means it may not take much to spook traders out of bullish bets with markets at frothy levels, and that could see the yen strengthen as a safety play. Matt Simpson takes a technical look at yen pairs of interest.
Editors' picks
Short
by CityIndex
5
#NZDJPY 4HNZDJPY 4H Chart Analysis – Triangle Pattern On the 4-hour chart for NZDJPY, a Triangle pattern has formed, signaling potential breakout opportunities. Triangle patterns represent a consolidation phase where the price moves within converging trendlines, either towards an upline (resistance) or a downline (support). The market is squeezing into a tighter range, indicating that a larger move may be imminent. Forecast: -Buy when the price breaks out above the upline (resistance). This suggests bullish momentum, and you may look for a strong candle close above the resistance line to confirm the breakout. -Sell when the price breaks down below the downline (support). A confirmed breakdown indicates bearish sentiment, and you may look for a strong close below the support line for confirmation. Traders should wait for a decisive breakout or breakdown before entering trades, as false signals may occur within the triangle. Monitor key levels closely and consider volume for additional confirmation.
by PIPSFIGHTER
NZDJPY breaks 200-day SMA; downward movement imminent?The New Zealand dollar to Japanese yen currency pair (NZD/JPY) saw an uptrend on the daily chart from March 2020 to July 2024, gaining 66.58% over the four-year period. Recently, however, the pair broke below the 200-day Simple Moving Average (SMA) on the daily chart, signaling a potential trend reversal. The 200-day SMA, which had served as support for four years, now appears to be acting as resistance. Additionally, the NZD/JPY formed a double top, indicating that buyers were once more unable to push the price above the 92.00 mark. This double top region coincides with the 50% level of the bearish Fibonacci. Upward trend in NZDJPY driven by RBNZ-BOJ interest rate differential The strong upward trend had been driven by the interest rate differential between the New Zealand dollar and the Japanese yen. New Zealand, like many countries around the world, slashed interest rates during the COVID-19 pandemic to stimulate its economy. However, as the economy began to recover, the Reserve Bank of New Zealand (RBNZ) moved to raise rates to control inflation and avoid rampant price increases. With inflation now under control, the RBNZ has started cutting rates, with yesterday marking the third consecutive cut, as the central bank reduced New Zealand’s key interest rate from 5.25% to 4.75%. Japan, on the other hand, followed the opposite path, keeping its interest rate below 0 while other countries raised borrowing costs to control inflation — which is why the JPY has depreciated so much in recent years. However, in its most recent meetings, the Bank of Japan (BOJ) — Japan’s central bank — changed its stance and raised interest rates for the first time since 2016. With New Zealand’s interest rate declining and Japan’s interest rate increasing, there is potential for a medium-term devaluation of the NZD against the JPY. Downward movement in NZDJPY possible in coming months From a technical perspective, the following factors are at play: 1. Break of the uptrend on D1. 2. The 200-day SMA, which previously acted as support, is now serving as resistance. 3. A double top has formed on the daily chart. 4. The 50% Fibonacci region is bearish. Considering these technical factors and the diverging monetary policies of the central banks in Japan and New Zealand, a downward movement in NZD/JPY is possible in the coming months. If the price manages to break below 89.75, it is possible that it will fall to the 86.70 region in a few days. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Short
by Marketscom
#NZDJPY 4H#NZDJPY 4H Forecast Buy with a Channel Pattern On the 4-hour chart for #NZDJPY, the price is trading within a well-established ascending or horizontal channel, presenting an opportunity for a potential buy. However, traders must remain cautious of a possible support breakdown, which would signal a sell opportunity. Key Insights: 1. Channel Pattern: The price is currently moving within a defined channel, with clear support and resistance levels. This indicates a period of consolidation or controlled upward movement, making it ideal for range-bound or trend traders. 2. Buy Scenario (Current Channel Movement): - As long as the price remains within the channel and stays above support, there is potential for a buy. - Traders can enter buy positions near the lower support zone and ride the price toward the upper resistance of the channel. - Confirmation can come from bullish momentum near the support line or a bounce from it. 3. Sell Scenario (Support Breakdown): - If the price **breaks below the support** level of the channel, it signals a potential shift in market sentiment from bullish to bearish. - In this case, it would be advisable to enter sell positions once the breakdown is confirmed by volume and momentum indicators. 4. Volume Confirmation: Look for volume spikes as the price approaches support or resistance. High volume during a breakdown would confirm a stronger bearish move, while strong buying volume near support confirms a buy opportunity. 5. Stop-Loss Considerations: - For a buy position, place a stop-loss slightly below the support line to protect against any false breakouts. - For a sell position (if the support breaks), place a stop-loss just above the broken support level, now acting as resistance. Trading Strategy: - Entry: - Enter a buy position when the price bounces off support within the channel. - Enter a sell position if the price breaks down below the support level. - Take Profit: For a buy, aim for the upper resistance level of the channel. For a sell, target key support zones below the breakdown. - Stop Loss: - For a buy, set a stop-loss below the support level. - For a sell, set a stop-loss above the support-turned-resistance line to limit risk. This analysis suggests that #NZDJPY is a buy within the current channel on the 4-hour timeframe, as long as support holds. However, a **breakdown of support** would flip the outlook to a bearish sell strategy.
Long
by PIPSFIGHTER