NZDJPY - New Breakout 📈Hello Traders!
On The Daily Time Frame, The NZDJPY Broke a Strong Resistance Level (88.310-88.693)
Currently, This Resistance Level Becomes New Support Level.
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 89.350🎯
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NZDJPY
NZDJPY H4 | Bounce off 38.2% Fibo support?NZDJPY is trading close to an overlap support and could potentially bounce higher towards our take profit target.
Entry: 88.283
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 87.793
Why we like it:
There is a pullback support that aligns close to the 61.8% Fibonacci retracement level
Take Profit: 88.963
Why we like it:
There is a swing-high resistance level
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NZDJPY: Short Trade with Entry/SL/TP
NZDJPY
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell NZDJPY
Entry - 88.768
Stop - 89.211
Take - 87.814
Our Risk - 1%
Start protection of your profits from lower levels
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NZDJPY: Breakout & Bullish Continuation 🇳🇿🇯🇵
NZDJPY broke and closed above a key daily structure resistance.
Taking into consideration that the market is currently rallying,
such a violation may trigger one more bullish wave.
I anticipate a bullish continuation to 89.4
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NZDJPY Sell Setup A bearish trade opportunity recently presented itself on the kiwi-yen trading chart 📉.
This is indicated by the bearish inverted pin bar just below the 88.957 horizontal resistance level.
This shows a rejection of the same resistance level, with potential price move in the downward ⬇️ 👇 direction.
Sufficient downward momentum should see price dumping towards the 86.000 psychological level and possibly testing the strength of the 85.715 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#NZDJPY #kiwiyen #shortsetup #bearishsignal #sell #trading #crosspair
NZDJPY: Bottom forming, buy confirmed above the 1D MA50.NZDJPY is trading inside a Channel Down with the price rising after a bottom check in the past 20 days. The 1D technical outlook is neutral (RSI = 53.482, MACD = -0.002, ADX = 31.647) meaning that if this is a bullish reversal inside the Channel, there is still time to enter.
The trigger signal will be a cross over the 1D MA50, that will be our entry and our exit an RSI reading of 65.00 and over. We estimate the target to be roughly under the 0.618 Fibonacci level so until the RSI hits 65.00 we will set the target accordingly near the top of the Channel Down (TP = 0.61850).
Prior idea:
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NZDJPY - Possible long from order block ✅Hello traders!
‼️ This is my perspective on NZDJPY.
Technical analysis: As we can see here price took out buy side liquidity, now I expect we could see a retracement to fill the imbalances lower and then I will look for a long if price rejects from bullish order block.
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NZDJPY Bullish after successful rebound.It has been a month exactly since we made this break-out signal on the NZDJPY pair:
The price has made a successful rebound at the bottom (Higher Lows trend-line) of the Bullish Megaphone pattern. As mentioned our buy break-out signal was when the pair closed a 1D candle above the Lower Highs trend-line. That coincided with a closing above the 1D MA50 (blue trend-line) for the first time since August 02.
Our first target remains 89.700 but we now set a second target as the peak of this run on the Fibonacci 2.0 extension at 91.350.
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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: Bearish Forecast & Outlook
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the NZDJPY pair price action which suggests a high likelihood of a coming move down.
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nzdjpy sell
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
NZDJPY: Top-Down Analysis & Bullish Setup 🇳🇿🇯🇵
NZDJPY reached a key daily horizontal support.
The price nicely respected that and formed a double bottom pattern on an hourly time frame.
I anticipate a pullback from the underlined area at least to 0.88
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NZDJPY H4 | Falling to 38.2% Fibo supportNZDJPY is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 87.138 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 86.771 which is a pullback support that aligns under the 61.8% Fibonacci retracement level.
Take profit is between 87.650 and 87.792 which is a swing-high resistance level.
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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.
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NZDJPY Buy Setups Based on my technical analysis I have identified potential buying opportunities for the NZD/JPY currency pair. These opportunities arise after observing a Break of Structure on the daily time frame which signifies a significant shift in market dynamics. Additionally this break aligns with an institutional round number of 86.700 which often acts as a significant support or resistance level.
Furthermore on the 4-hour timeframe there is a bullish order block that further strengthens the likelihood of an upward movement in price. This order block suggests that there is a cluster of buy orders accumulated at a specific price level which could potentially fuel a bullish momentum.
Overall the combination of the Break of Structure on the daily timeframe in conjunction with the institutional round number at 86.700 and the presence of a bullish order block on the 4-hour timeframe indicates several compelling buy setups for the NZD/JPY currency pair.
NZDJPY, Developments In The Channel, Initial Pullback Likely!Hello,
Welcome to this analysis about NZDJPY, we are looking at the 4-hour timeframe perspectives. NZDJPY in recent times is showing a structure with some interesting sights that I discovered. As when looking at my chart now we can watch there how NZDJPY is within this main ascending-channel-formation with the coherent wave-count in the formation and the waves A and B already fully completed. Now As Ethereum is about to finalize the wave C this is crucial because the wave C is directly running into the upper resistance-cluster marked in my chart in red where several resistances coming together consisting of the upper-boundary of the formation, the 400-EMA in red and also horizontal resistance within this zone. Taking these assumptions into the consideration it is likely that NZDJPY has its origin of the wave D to the downside within this resistance-cluster it is currently testing, this wave D will fully develop once NZDJPY is below the 200-EMA in green and once this happened NZDJPY will move on to test the lower boundary where the wave-E-confirmational-bounce-cluster is lying marked in my chart in blue, in this zone NZDJPY will have the ability to bounce and continue with the coherent wave E in the main wave-count to test the upper-boundary anew, it will be an interesting development ahead.
In this manner, thank you for watching my update-analysis about NZDJPY and the main structure ascending-channel and upcoming wave-count-developments to consider, support the analysis with a like and follow or comment for more market insight!
Information provided is only educational and should not be used to take action in the market.
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 :-)
JPY getting weak across the boardas the JPY getting weak across the board , i am interested in adding three buy limits on three charts.
#NZDJPY Buy limit @87.02
SL @86.82
TP @87.78
Expected more than 3R
share your thoughts.
Disclaimer
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts
NZDJPY Will Go Down! Short!
Here is our detailed technical review 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 87.328.
Taking into consideration the structure & trend analysis, I believe that the market will reach 86.861 level soon.
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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