NZDJPY: Forecast & Trading Plan
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the NZDJPY pair which is likely to be pushed up by the bulls so we will buy!
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NZDJPY
✅NZD_JPY SWING BEARISH PREDICTION🔥
✅NZD_JPY is trading in a
Massive rising wedge pattern
And the pair is now going up
To retest the rising resistance
Of the wedge from where
I think that we will see a
Pullback and a move down
To retest the rising support below
SHORT🔥
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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 H4 | Potential bearish reversalNZDJPY is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 88.898
Why we like it:
There is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level
Stop Loss: 89.699
Why we like it:
There is a pullback resistance that aligns above the 78.6% Fibonacci retracement level
Take Profit: 87.746
Why we like it:
There is a swing-low support level
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NzdJpy is entering sell zoneLike all the Jpy pairs, NzdJpy was also affected by the BoJ verbal intervention and in this case, we have a drop of 300 pips.
After the sudden drop the pair started to recover losses and at this moment is approaching a strong sell zone.
Traders could look for weakness signs in this zone and the target could be set in the recent low zone.
Also, the 85.50 zone could offer a good target for swing traders
NZDJPY | COULD BE A GOOD BUY!The 1-4 hour trend is technically bearish, however, we just broke the 4h 100 moving average with a solid bullish engulfing candlestick, our stoploss covers daily moving average, and 12 hour is developing a good price action. Overall I think the higher timeframe bias will continue and this short-term bearish movement should fade. 📈😊
BluetonaFX - NZDJPY Rising Wedge SHORT IdeaHi Traders!
There is a rising wedge pattern on NZDJPY, which signals a possible reversal of the bullish trend we have seen over the past few months.
Price Action 📊
There was an aggressive upside price rejection candle followed by a momentum break below the 20 EMA. This shows that there may be new waves of bearish volume entering the market.
We are looking for a bearish break and a close below the support trendline.
Fundamental Analysis 📰
New Zealand left their interest rates unchanged, and the dovish statement from the RNBZ has left the NZD under some selling pressure.
Support 📉
87.094: PREVIOUS DAY'S LOW
Resistance 📈
89.251: PEVIOUS DAY'S HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
NZDJPY, Massive Triangle-Breakout, Pointing to Target-Zones!Hello There!
Welcome to my new analysis of NZDJPY. In recent times it has to be mentioned that there are only a few forex pair setups that have such a bullish potential as I have spotted it with NZDJPY. This is why I detected all the important price actions, underlying dynamics, and upcoming perspectives that should be primarily considered with NZDJPY. In fact, NZDJPY already emerged with a main entry setup however the reward potential is likely to increase once NZDJPY completes the whole formation.
The chart price-action is forming this important ascending triangle formation in which NZDJPY has the coherent wave count that is about to be completed within the upcoming times. Furthermore, NZDJPY has the main ascending trend line supports within the boundaries. The fact that NZDJPY is already building a breakout attempt with a bull flag on the local structures is increasing the scenario determination of the final breakout to emerge within the upcoming times.
Once NZDJPY has formed the final ascending triangle breakout above the upper boundary this is going to point to the expansion origin and is going to activate two main target zones within the whole development, the first target zone is within the 93.5 area and the second target zone is within the 97.5 area. When NZDJPY continues with the established dynamics from there on it also has the further ability to bounce into a new all-time high direction above these zones.
Thank you everybody for watching my idea about NZDJPY. Support from your side is greatly appreciated.
"Don't look for the needle in the haystack. Just trade the haystack!"
VP
NZDJPY The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for NZDJPY below:
The instrument tests an important psychological level 89.549
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 88.577
Recommended Stop Loss - 90.099
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Beware of Shorting OpportunitiesAs we continue to analyze the market, it's become clear that avoiding bad trades is just as important as finding the next big one. This is particularly true when looking at the bottom 2 charts of NZDJPY's daily and weekly charts.
On the daily chart, we can see that the Bearish Deep Gartley Pattern is over-extended, meaning it took longer than expected to complete the trading setup. As a result, the market may not respect the level and could bash through the resistance level.
On the weekly chart, we also see that the Bearish Shark Pattern retest, doesn't give us an RSI divergence. Once again, the market may extend further before any significant retest.
Despite all of this, if you're still interested in shorting the market, do it with caution.
On the 4-hourly chart, waiting for the market to retest at the 90.03 level could attract price-action traders to jump in for the counter-trend move.
Personally, I prefer to head in for a buying opportunity at the key support level of 89.05. My initial stop-loss would be at 88.67 (-38 pips) or approximately -380USD/lot. The first target is seen at 90.08 (+103pips) or approximately 1,030USD/lot.
Remember, it's important to plan your own trade and never follow any trader blindly. Let's continue to monitor the market closely and make informed decisions.
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 - 4hrs ( Buy Trade Target Range 240 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
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Bullish Break
87.500 Area
Reasons
- Major Turn level / W
- Visible range lvn
- Pattern Break out
- D / W High
- FIxed Range Pov
Bearish Reversal
90.000 Area
Reasons
- Major Turn level / M
- Visible Range / D lvn
- PAttern Target
- Fibo Golden
- Quarter's Area
NZDJPY - 4hrs ( Target 1 Hit + 60 PIP / Full TP 180 PIP )Pair Name : NZD/JPY
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Long
📋 Educational
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➡️ Update -
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VIP Opportunity
Take Profit 1
Account Growth = 5 %
Pip' Achieved = 60 PIP