NZDJPY to see a lower correction?NZDJPY - 24h expiry - We look to Buy at 82.00 (stop at 81.40)
Previous support located at 82.00.
Previous resistance located at 83.00.
With signals for sentiment at oversold extremes, the dip could not be extended.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 83.20 and 83.50
Resistance: 83.00 / 83.20 / 83.50
Support: 82.00 / 81.50 / 81.25
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Nzdjpy!!
✅NZD_JPY BEARISH BREAKOUT|SHORT🔥
✅NZD_JPY has formed
A parallel range beneath the
Horizontal resistance of 84.00
And we are now seeing a bearish
Breakout so while the pair
Might make a rebound back
Into the range the breakout
Has solidified our bearish bias
And I think that we are likely
To see a move down
SHORT🔥
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NZDJPY: High upside potential.The NZDJPY pair is on a neutral technical price action on the 1D time frame (RSI = 51.078, MACD = -0.120, ADX = 32.313) as it reached the 0.5 Fibonacci level and 1D MA50 yesterday. This is the middle level of the long-term trading range inside the S1 and R1 Zones since April 20th 2022. So essentially this pair has been trading sideways for almost 1 year.
Since the price recently rebounded (March 24th) at the top of the S1 Zone, we take this as a solid buy opportunity to target Fibonacci 0.786 (TP = 86.300).
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"Double Top" in NZDJPY would target 81.55 post RBNZThe NZDJPY is facing the RBNZ overnight, and with the RBA signaling they will be stationary with monetary policy for awhile may clue in what to expect tonight. The RBNZ is expected to raise rates .25 % however if they chose to come in with more of a dovish stance, the NZD may come under pressure. Expect that a move below the 82.65 level would trigger a double top formation that would target 81.55.
NZDJPY to find support at market?NZDJPY - 24h expiry - We look to Buy at 82.90 (stop at 82.40)
Previous support located at 83.00.
Previous resistance located at 83.80.
There is no clear indication that the upward move is coming to an end.
Risk/Reward would be poor to call a buy from current levels.
A move through 83.80 will confirm the bullish momentum.
Our profit targets will be 84.20 and 84.50
Resistance: 83.80 / 84.00 / 84.50
Support: 83.00 / 82.50 / 82.25
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
It's NOT Perfect, but would you say NO to 309pips of Profits? It's NOT Perfect, but would you say NO to 309pips of Profit Potential?
The Bearish 5-0 Patterns has completed on the Daily Chart(right), the doji candle looks great for aggressive trader for a shorting opportunity, the RSI didn't went overbought, and that cause this setup to be not as perfect as we want it to be.
Alternative ways to engage the trade, is to wait for the market to retest at 83.60 on the 4-hourly chart or the 1-hourly chart. When the retest happens, it will produce an RSI Divergence that allow us to engage the trade, that produce a Lower Risk with a Higher Returns.
If you are looking for a buying opportunity, 82.60 is the level you can wait for a retest of support or a double bottom with RSi Divergence.
Which side of the trade would you choose?
Shorting opportunity or Longing opportunity?
NZDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring NZDJPY for a selling opportunity around 84.200 zone, NZDJPY is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend around 84.2 support and resistance zone. if the rejection is confirmed i would consider 81.2 as a target as it's considered the next major support zone NZDJPY will be facing.
Trade safe, Joe.
Further upside is expected from NZDJPY.NZDJPY - 24h expiry - We look to Buy at 82.25 (stop at 81.60)
Previous support located at 82.50.
Previous resistance located at 83.00.
The trend of lower intraday highs has also been broken.
Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 83.75 and 84.00
Resistance: 83.00 / 83.50 / 84.00
Support: 82.50 / 82.25 / 82.00
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NZDJPY - Trend-Following Setup! 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
NZDJPY has been bearish trading inside the falling channel in blue. And it is currently approaching the upper trendline and resistance, so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
NZDJPY is forming a channel in red but it is not ready to go yet.
🏹 For the bears to take over, we need a momentum candle close below the last low in gray.
Meanwhile, until the sell is activated, NZDJPY can still trade higher inside the green resistance.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDJPY Bearish OutlookThe NZDJPY is testing a local resistance zone that has been tested as a support 5 times before. Moreover, the zone includes a Fibonacci level of 38.20, a descending trendline, and the 4-hour 50-period moving average. All of these factors make a strong case for a possible downward reversal, with a potential next target of 81.20.
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NZDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring NZDJPY for a selling opportunity around 82.400 zone, NZDJPY is trading in a downtrend and now seems to be in a correction phase in which it does approach the major trend around 82.400 Support and resistance zone. Fundamentally JPY is still considered a safe haven with current banking sector crisis.
Trade safe, Joe.