NZDJPY support has been holding back the bears.NZDJPY - 24h expiry
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
86.30 continues to hold back the bears.
Bespoke support is located at 86.27.
86.27 has been pivotal.
We look to buy dips.
Daily signals are mildly bullish.
We look to Buy at 86.45 (stop at 86.05)
Our profit targets will be 87.45 and 87.65
Resistance: 87.15 / 87.30 / 87.65
Support: 86.70 / 86.50 / 86.27
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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.
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Nzdjpy!!
NZDJPY Will Fall! Sell!
Here is our detailed technical review for NZDJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 86.852.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 86.331 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Trading Under The Spotlight: My Open Analysis Odyssey #2Hello again, TradingView community!
Although I just posted an analysis for this series, there are over a dozen more to post today.
I am mapping out every single setup in the market that I see and recording the results publicly with all of you.
As we journey deeper into my transparent trading adventure, I'm eager to share another one of today's analyses with you. But first, let's revisit the principles guiding this series for those that are new here:
1. Transparency, Not a Tutorial : While the setups are laid bare, the intricate details and exact reasoning remain mine to keep. This isn't trading advice; it's a window into my trading psyche.
2. Frequency & Execution : Each day offers a different setup or thought, but not all become trades. Understand these as glimpses into my trading mindset, rather than direct cues for action. I'm using each setup as a learning experience and exercise for my own growth and development.
3. Purpose & Growth : The core of this exercise still revolves around my personal growth, a pursuit to hone my analysis skills, and face potential critique with resilience.
In the ever-changing world of trading, it's crucial to adapt, learn, and sometimes, just observe.
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Instrument : NZDJPY
Bias : Short
Overall Trend : Long
Thoughts : This trade is counter-trend, suggesting it goes against the overall momentum. Given its nature, I will likely monitor the outcome without necessarily diving in. Counter-trend moves can be enlightening, serving as lessons in patience, observation, and market dynamics.
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Whether you've just tuned in or have been a companion since my decision to start this Odyssey 30 minutes ago, I appreciate your presence! Together, let's embrace the intricacies of the market and uncover insights amid the volatility. Onward to another day of analysis and discovery!
NZDJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
NZDJPY - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on NZDJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement and then to reject from bearish order block + institutional big figure 88.000.
Fundamental analysis: Upcoming week on Wednesday will be released Cash Rate on NZD, if the result is negative, it will support our analysis.
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NZDJPY - 4hrs ( buy Trade Target range 150 PIP ) Pair Name : NZD/JPY
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Long )
Type : Mid Term Swing
Bullish Break
87.500 Area
Bearish Reversal
89.100
NZDJPY VS NZDUSD📈💹 Expert Level Trade Ideas: New Zealand Yen and New Zealand Dollar!
🇳🇿🇯🇵 On New Zealand Yen, we have an overall uptrend movement. Daily chart shows a bit of pullback. Four-hour chart indicates increased volatility with new lows and highs. One-hour chart has a retest of previous support level with a bit of RSI divergence.
🔍 Trading Strategy: Hidden trading opportunities within this chart can be spotted if you know the trading rules. Scan the QR code to learn more and share your findings in our traders cafe.
📈 Weekly Chart: Bearish shark pattern already in play, running at 188 pips. Buying opportunity at 5-0 pattern, 84.36 level.
📊 Daily Chart: Bullish bat pattern presents a buying opportunity at 84.25 completion zone.
📉 Four-Hour Chart: Use the staircase trading strategy. Wait for a pullback at 86.91 for a short or a breakout trade below 86.38 to chase the bearish movement. First target at 85.36.
⏰ One-Hour Chart: Similar situation, no need to repeat.
💼 Love Planning Your Trades? Set rules, look for conditions, and spend 15 minutes a day on your market analysis. Drop me a DM if you want to trade smart and efficiently.
#ExpertTradeIdeas #NewZealandYen #NewZealandDollar #Uptrend #BullishOpportunity #BearishSharkPattern #StaircaseTrading #BuyingOpportunity #SetRules #TradeSmart #DMForDetails
NZDJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
POSSIBLE SHORT ON NZDJPYHi guys, for this next one I expect a dip on NJ due to weekly and monthly price actions, all things considered we will wait for a test of any of the regions and a 15m TF break of structure confirmation, then we hop in sells.
We then hope to see a run to the downside and close out towards the end of next week. Keep your fingers crossed. #keepyOurLossesSmallTillWeHitaWinner
NZDJPY : Short Trade , 1hHello traders, we want to check the NZDJPY chart. The price is moving in a descending channel and has pulled back to the specified key level. We expect this level to maintain the downward trend of the price and cause the price to fall. Our first target in case of a fall The price is 86.200 and if the price can break this level, our next target will be 85.600. Good luck.
NZDJPY - Is The Bearish Run For The JPY Finally Over?Analysis:
Bearish Confluences
In a downwards trend
Retest of a key level
Fakeout of downwards trendline
1K long position increase for the JPY
12K short position decrease for the JPY
Bullish Confluences
NZD is the 5th strongest major currency whereas the JPY is the 8th strongest major currency
3K short position decrease for the NZD
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
NZDJPY Will Fall! Sell!
Please, check our technical outlook for NZDJPY.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 88.232.
Taking into consideration the structure & trend analysis, I believe that the market will reach 87.080 level soon.
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.
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