Nzdjpy!!
Potential swing trade on NZD/JPYA soft inflation report from New Zealand weighed broadly on the Kiwi dollar yesterday, as traders began to price in the prospects of a 25bp hike (down form 50bp) or even a pause at the RBNZ's next meeting. The slight risk-off tone saw flows into the yen, and risk-currencies such as AUD and NZD were lower which has placed ZD/JPY on our shirt watchlist.
The cross has seen repeated failures to close above 83.50 over the past three weeks, and yesterday's high met resistance perfectly at the 200-day EMA. Given the bearish engulfing candle which has now formed, we suspect a leg lower seems more probably than a break higher. Also note the decisive close beneath trend support.
- The bias remains bearish beneath yesterday's high
- However, we'll seek bearish setups below/around 83.15 (50% retracement of yesterday's open-close range)
- Initial target is the cycle just above 82.0
NZDJPY to breakdown?NZDJPY - 24h expiry - We look to Sell a break of 82.75 (stop at 83.15)
Previous support located at 82.75.
Previous resistance located at 83.25.
Broken out of the triangle formation to the downside.
A break of yesterdays low would confirm bearish momentum.
A move through 82.75 will confirm the bearish momentum.
Our profit targets will be 81.75 and 81.50
Resistance: 83.25 / 83.50 / 84.00
Support: 82.75 / 82.00 / 81.50
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.
NZD/JPY stages another failed attempt to test monthly highNZD/JPY appears to have staged another failed attempt to test the monthly high (83.92) as it snaps the series of higher highs and lows from the start of the week.
NZD/JPY Rate Outlook
NZD/JPY may test the weekly low (82.80) as it gives back the three-day rally, with a break/close below the 82.30 (23.6% Fibonacci extension) to 82.50 (38.2% Fibonacci extension) region bringing the monthly low (82.12) on the radar.
Next area of interest comes in around 81.70 (50% Fibonacci retracement), with a break below the yearly low (80.44) opening up the 80.20 (61.8% Fibonacci retracement) region.
At the same time, NZD/USD may consolidate if it defends the weekly low (82.80), with a move above 83.20 (38.2% Fibonacci retracement) raising the scope for another run at the monthly high (83.92).
--- Written by David Song , Strategist
@DavidJSong
W9-20 NZDJPY BEARISH IDEA (HARMONICS REVERSAL PATTERN)Potential Bearish Entry
Dow Theory In Place - Lower High and Lower Low Expected in Place
Formation of Harmonic Bearish reversal Patte coupled with bearish divergence at potential reversal zone (PZR)
Entry at LL on the basis of harmonic reversal pattern, candle stick pattern (three black crows), and support and resistance.
SL & TP Levels are defined.
nzdjpy 8h buy fractal tp bulls 86.00🔸Hello guys, let's review the 8 hour chart for NZDJPY today. Trading in well defined range
since start of the 2023, currently re-accumulation in progress, expect more gains.
🔸The prior price fractal printed in summer 2022 is defined by points a/b/c/d/e/f, this
is a price structure 90% identical to the current price fractal in progress on 8 hour chart.
🔸Recommended strategy for NZDJPY bulls. Recommend to market buy NZDJPY, bulls will
target re-test of 86.00 based on previous price fractal. TP1 is +150 pips TP2 +300 pips.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS#NZDJPY
By now MARKET RISK is ON. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. NZD CPI DATA is also very high. LABOR DATA is also very POSITIVE for NZD. JPY may be somewhat WEAK in the next few days.
However, NZDJPY should be slightly BUY with upcoming JPY WEAKNESS.
Anyway, if the PRICE falls back on the NZDJPY MAIN SUPPORT LINE, you can BUY if the MARKET RISK ON continues. And 81.16 LEVEL can be SELL temporarily. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF.
Anyway, after that, you can definitely BUY at 87.00 LEVEL. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK.
NZDJPY - Bullish Trend - 1 Hour Time Frame
Based on the chart's price action, it appears to be forming higher highs (HHs) and higher lows (HLs), indicating a potential bullish trend. As a result, we are planning to enter a long trade with a 1:1 risk/reward ratio.
To execute this trade, we will set a Buy Stop order at 83.216, with a Stop Loss at 82.792. Our selected Lot Size will be 0.25. We have set two Take Profit levels at 83.631 and 84.031.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
NZDJPY to possibly plummitAfter price swept liquidity at the top, it broke structure to the downside with momentum. Price then formed an an ascending channel liquidity of which it cleared above it and preceded to break structure to the downside. Price is currently in an established POI and is possibly looking to drop to take out the rest of the liquidity at the bottom of the ascending channel.
Looking for NZDJPY dips.NZDJPY - 24h expiry - We look to Buy at 82.25 (stop at 81.75)
Previous support located at 82.50.
Previous resistance located at 83.25.
Indecisive price action has resulted in sideways congestion on the daily chart.
Risk/Reward would be poor to call a buy from current levels.
A move through 83.25 will confirm the bullish momentum.
Our profit targets will be 83.45 and 83.50
Resistance: 83.25 / 83.50 / 83.75
Support: 82.50 / 82.25 / 82.00
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.
The NZD JPY symbol is expected to be in a bullish position The NZDJPY symbol is expected to be bullish in 1 hour.
By meeting its demand area, this symbol can remain in its upward trend and move towards the targets specified in the chart. Encourage us with your support. Thank you for your support, dear ones
NZDJPY fast jump after the bounceNZDJPY has found support at the Fibonacci level, which increases the probability of the bullish domination. Overal, NZDJPY might experience a relatively fast price increase.
NZDJPY - Short opportunity - H4NZDJPY - Short opportunity - H4
Hoping the Yen gains some strength against the Kiwi.
This short has fallen to break the 50 EMA.
NZDJPY Bearish Bias! NZD-JPY is trading in a downtrend
Below the falling resistance line
And the pair has formed
A bearish flag pattern so I think
That IF we see a bearish breakout
From the flag then the pair
Will fall even further down
Towards the target below !
NZDJPY Chart H1Here is my view for NZDJPY on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
NZDJPY to find support at current swing low?NZDJPY - 24h expiry - We look to Buy at 82.25 (stop at 81.75)
Previous support located at 82.50.
Previous resistance located at 83.00.
Price action has stalled at good support levels and currently trades just above here (82.25).
The correction lower is assessed as being complete.
Further upside is expected.
Our profit targets will be 83.45 and 83.50
Resistance: 83.00 / 83.50 / 83.75
Support: 82.50 / 82.25 / 82.00
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.
nzdjpyIn this pair we are not going to enter very loaded because maybe tomorrow it will drop even more and take second position. In the graph you have the simple and compound entry points. We always trade two positions separated by an average distance of a normal moving day. So if things get ugly it is always easier to get out of the trade.
En este par no vamos a entrar muy cargados porque quizas mañana aún baje más y nos coja la segunda posición. En el grafico teneis los puntos de entrada simples y compuestos. Siempre operamos con dos posiciones separadas por una distancia promedio de un día de movimiento normal. Así si la cosa se pone fea siempre es mas facil salirse del trade.
NZDJPYNZDJPY seems to be in strong downtrend with a confluence from bearish divergence.
Will the NZDJPY continue its trajectory for fresh low?
It's ONLY ONE Direction, DOWN!!The Bearish 5-0Pattern has been confirmed at 82.91; traders who want to jump in for a shorting opportunity could wait for a retest at that level.
Alternatively, you could wait for a Triple Top Retest at 83.22 on the 1-hourly chart(left).
NZDJPY Is Going Up! Buy!
Here is our detailed technical review for NZDJPY.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 82.627.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 83.133 level.
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!
✅TS ❕ NZDJPY: rebound✅✅ NZD/JPY is moving in a range.
The chart has rebounded from the support area.
The price will resume rising. ✅
🚀 BUY scenario: long to 83.13. 🚀
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NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS#NZDJPY
By now MARKET RISK is ON. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. NZD CPI DATA is also very high. LABOR DATA is also very POSITIVE for NZD. JPY may be somewhat WEAK in the next few days.
However, NZDJPY should be slightly BUY with upcoming JPY WEAKNESS.
Anyway, if the PRICE falls back on the NZDJPY MAIN SUPPORT LINE, you can BUY if the MARKET RISK ON continues. And 81.79 LEVEL can be SELL temporarily. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF.
Anyway, after that, you can definitely BUY at 87.00 LEVEL. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK.
