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NZDJPY

✨ ADD-ON: NZDJPY ✨ AGGRESSIVE SHORT (2D) ✨TIMELINE 00:00 Intro 00:52 DCA Entries, TPs, SLs 03:48 Technical Analysis for Novices 08:20 Technical Analysis for the Pros 10:55 BIG PICTURE (21D) 12:27 Boost, Follow, Comment, Join -SL @ 90.00 🚫 SLO2 @ 89.33 ⏳(21D) SLO1 @ 89.00 ⏳ (2D) SSO @ 88.33 ⏳ (2D) TP1 @ 87.80 (shaving 25%) TP2 @ 86.80 (shaving 25%) TP3 @ 86.15 (shaving 25%) TP4 @ 84.90 (shaving 25%) TP4 @ 1.1475 (closing ALL Sell Orders) TECHNICAL ANALYSIS A few oscillators appear to be showing some bearish momentum on the NZDJPY chart. For example, the Relative Strength Index (RSI) is NEUTRAL, which is a sign of bearish momentum. Additionally, the Stochastic Oscillator is also NEUTRAL at its 14-day moving average, which signals increased distribution. Both are hinting towards selling pressure. WE ARE A COMMUNITY BOOST a trade idea to share with others and "pay it forward" FOLLOW to receive alerts of any new posted ideas COMMENT with questions, insight, and expertise JOIN our group chat: receive free analyses on any instrument
by ProfessorCEWard
✨ NEW: NZDJPY ✨ BIG PICTURE (14D) ✨🗣 SHOUT OUT TO @Vick_NZ for recommending I re-analyze this pair. -SL @ 94.50 🚫 SLO @ 89.33 ⏳ TP1 @ 79.75 (shaving 25%) TP2 @ 71.50 (shaving 25%) TP3 @ 65.50 (shaving 25%) TP4 @ 56.25 (shaving 25%) SUPPORT @ 54.00 BLO @ 48.55 ⏳ BLO2 @ 77.85 ⏳ WE ARE A COMMUNITY BOOST a trade idea to share with others and "pay it forward" FOLLOW to receive alerts of any new posted ideas COMMENT with questions, insight, and expertise JOIN our group chat: receive free analyses on any instrument
Short
by ProfessorCEWard
6
Trend Doesn't Matter!!I'm not saying that trend isn't important, but on this particular trade, it is NOT. And that is because the NZDJPY is on a sideway market, and it didn't show a particular prominent sign. My top focus is to wait for a shorting opportunity on the Bearish Crab Pattern that shows up on the daily chart. It is common for crab patterns to have their retest before the actual move. Why this Crab Pattern? It coincides with the Bearish Shark Pattern on the Weekly Chart. If you want a buying opportunity, a magic candle confirmation 87.21 on the 1-hourly chart will allow you to engage the trade. Gartley Pattern is the first pattern that was discovered. What makes this Bullish Gartley Pattern interesting is that the completion falls on the Key Support Level on the Daily Chart, marked as the Blue Horizontal Line, indicating a Key Support Level. This is both amazing and disturbing to see for both traders. What's your take on the NZDJPY?
Short
by RaynLim
1
NZDJPY to 0.895 obviouslyAnd yes, I said "obviously" on the title to clickbait you. Nothing more than that. Haha. Anyways. Hey Traders! 👋 For Day 37/100 of our challenge, we will look at an update on our data-backed NZDJPY long idea we sent out two days ago Technicals: (update to tagged idea) - 0.97 pivot area successfully rejected - Made an impulse move to 0.882 - Expecting long signals around current level - Target remains 0.895 - Invalid if 0.868 is breached That's it for today. Were you able to catch the BTCUSD trade idea I have (tagged below)? That was a fun catch Like and follow for more. Visit our profile to see more ideas that are still valid for the week Thanks!
Long
by rob_WRLD_
NZDJPY to find buyers at current swing low?NZDJPY - 24h expiry Previous support located at 87.50. Previous resistance located at 88.00. There is no clear indication that the upward move is coming to an end. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 88.00 will confirm the bullish momentum. We look to Buy at 87.05 (stop at 86.5) Our profit targets will be 88.25 and 88.50 Resistance: 88.00 / 88.35 / 88.50 Support: 87.50 / 87.00 / 86.50 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.
Long
by OANDA
GBP/USD, AUD/JPY, NZD/JPY and USD/JPY on watch for me today.GBP/USD: • If price pushes up to give us a confirmed second top and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart. • If price pushes up to give us a confirmed second top and the last part of the move is impulsive, then I'll be awaiting a subsequent convincing impulse down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. AUD/JPY: • If price pushes down to give us a confirmed second bottom and then it pushes up to give us a confirmed second top and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the one hour or the fifteen minute chart. • If price pushes down to give us a confirmed second bottom and then it pushes up to give us a confirmed second top and the last part of the move is impulsive, then I'll be awaiting a subsequent convincing impulse down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. NZD/JPY: • If price pushes down to give us a more horizontal pair of bottoms and then it pushes up to and ideally just above our rayline, then so long as the last part of this move up is corrective I'll be looking to get short with a risk entry after a phase line break on the one hour or the fifteen minute chart. • If price pushes down to give us a more horizontal pair of bottoms and then it pushes up to and ideally just above our rayline then so long as this move up is impulsive I'll be awaiting an impulse back down below it followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. USD/JPY: • If price pushes up to and ideally just above our higher time frame rayline, then regardless of how it does so I'll be waiting for a convincing push back down below both it and the lower ascending trend line of the corrective channel to the left followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade.
Short
by StewySongs
26
NZDJPY - DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Long
by Tradelikemee
NZDJPY - 4hrs ( Sell Trade Target Range 240 PIP ) Pair Name : NZD/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 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 ( Short ) Type : Mid Term Swing ——————————— Bearish Reversal 87.500 Area Reasons - Major Channel Middle Band - Pattern Target - Month High - Year High + 2 Quarter High Area - Ultra Volume Bullish Retest 85.500 Area Reasons - Major Trun level - Visible Range Value - Choch / Liquidity - Fibo Golden Zone - Day / week High
Short
by GoldenEngine
NZDJPY - 4hrs ( Buy Trade After retest / Tp Range 180 PIP ) Pair Name : NZD/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 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 After Retest ) Type : Mid Term Swing ——————————— Bullish Retest 86.950 Area Reasons - Major Trun level - Visible Range Value - Choch / Liquidity - Fibo Golden Zone - Day / week High Bearish Reversal 87.500 Area Reasons - Major Channel Middle Band - Pattern Target - Month High - Year High + 2 Quarter High Area - Ultra Volume
Long
by GoldenEngine
4
NZD/JPY Forecast Fundamental AnalysisNew Zealand GDP disappoints with a slight decrease in the first quarter, while Japanese trade balance shows a larger deficit in May. The New Zealand GDP for the first quarter contracted by 0.1% on a quarterly basis, with an annualized increase of 2.2%. Economists had predicted a similar drop but anticipated a higher rise of 2.6%. Comparatively, the third-quarter GDP in New Zealand had contracted by 0.7% on a quarterly basis but expanded by 2.3% annually. Additionally, the New Zealand GDP Annual Average for the first quarter rose by 2.9% quarterly, while GDP Expenditure saw a quarterly contraction of 0.2%. Economists had forecasted an increase of 2.5% and 2.1% respectively. In comparison, the fourth-quarter New Zealand GDP Annual Average had increased by 2.7% quarterly, while GDP Expenditure had declined by 0.9% quarterly. Meanwhile, the Japanese Trade Balance for May reported a deficit of ¥1,372.5 billion, with the Adjusted Trade Balance at ¥0.78 trillion. Economists had predicted a reading of -¥1,331.9 billion and -¥1.12 trillion respectively. Comparing this to the Trade Balance in April, which showed a deficit of ¥432.3 billion, and the Adjusted Trade Balance at -¥1.04 trillion. Furthermore, exports for May rose by 0.6% on an annualized basis, while imports witnessed a significant decline of 9.9%. Economists had anticipated a contraction of 0.8% for exports and 10.3% for imports. In contrast, exports for April had increased by 2.6% annually, while imports had dropped by 2.3%. Additionally, Japanese Machine Orders for April recorded a monthly increase of 5.5% and an annualized decrease of 5.9%. Economists had forecasted a rise of 3.0% and a larger decline of 8.0%. Comparing this to the data for March, which saw a monthly contraction of 3.9% and an annualized decrease of 3.5%. Foreign buying of Japanese bonds for the period ending June 10th amounted to ¥14.7 billion, while foreigners' buying of Japanese stocks reached ¥1,324.9 billion. This can be compared to the data for the period ending June 3rd, which reported foreign buying of Japanese bonds at ¥521.3 billion and foreigners' buying of Japanese stocks at ¥608.7 billion. Furthermore, the Japanese Tertiary Industry Index for April displayed a monthly increase of 1.2%, surpassing economists' expectations of a 0.5% rise. However, the index had dropped by 1.5% in March on a monthly basis. Despite New Zealand entering a technical recession, the NZD/JPY forecast has turned cautiously bearish due to a double-top formation at a significant horizontal resistance level. Both bullish and bearish traders will compete for control, and the Relative Strength Index (RSI) remains in the overbought area. A short setup is being considered.
Short
by FOREXN1
7
NZD/JPY Breakout and RetestThe NZD/JPY currency pair recently displayed a promising price action pattern, as it broke out of a triangular consolidation pattern and successfully retested a significant support level at 85.00. This technical development suggests a potential bullish momentum for NZD/JPY, providing us with an opportunity to capture potential gains. The breakout above the upper trendline of the triangle signifies a shift in market sentiment, indicating that buyers have gained control over sellers. Moreover, the subsequent retest of the 85.00 support level reinforces the significance of this area and suggests that it could serve as a strong foundation for further upward movement. With the bullish bias established, we can consider targeting three specific levels as potential profit objectives. These targets are determined based on previous resistance levels: TARGET 1 : 85.82 TARGET 2 : 86.30 TARGET 3 : 86.84
Long
by UnknownUnicorn48526553