NZDJPY What Next? SELL!
My dear followers,
I analysed this chart on NZDJPY and concluded the following:
The market is trading on 91.609 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 91.230
Safe Stop Loss - 91.834
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NZDJPY
NZDJPY Will Move Higher! Long!
Take a look at our analysis for NZDJPY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 90.965.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 92.269 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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NZDJPY Buyers In Panic! SELL!
My dear subscribers,
NZDJPY looks like it will make a good move, and here are the details:
The market is trading on 91.89 pivot level.
Bias -Bearish
My Stop Loss - 92.317
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 91.246
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
NZD/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
Bearish trend on NZD/JPY, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 88.374.
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NZD/JPY Triangle Pattern in Daily Time Frame: Breakout and Long On the daily time frame, I’m monitoring a triangle pattern on NZD/JPY. Once a confirmed breakout occurs, I plan to enter a long position. My first target will be the pink resistance zone. This key level could provide the next significant resistance point, and I’m waiting for price confirmation before taking action.
NZDJPY Is Going Down! Short!
Here is our detailed technical review for NZDJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 91.001.
Considering the today's price action, probabilities will be high to see a movement to 90.827.
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.
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NZD/JPY H4 | Potential bullish bounceNZD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 90.23 which is a pullback support.
Stop loss is at 89.70 which is a level that lies underneath a multi-swing-low support and the 38.2% Fibonacci retracement level.
Take profit is at 91.27 which is a swing-high resistance.
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Bearish drop?NZD/JPY is reacting off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could fall from this level to our take profit.
Entry: 90.71
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 91.02
Why we like it:
There is an overlap resistance that is slightly below the 78.6% Fibonacci retracement.
Take profit: 90.20
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Potential bullish reversal?NZD/JPY is reacting off the pivot which has been identified as a pullback support and could rise to the 1st resistance level which acts as a pullback resistance.
Pivot: 90.25
1st Support: 89.88
1st Resistance: 90.61
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Traders could veer towards the yen with risk events loomingIt is no coincidence that VIX futures have been creeping higher in recent weeks despite Wall Street hitting record highs, as traders are presumably hedging downside risk as we approach the US election. And that means it may not take much to spook traders out of bullish bets with markets at frothy levels, and that could see the yen strengthen as a safety play. Matt Simpson takes a technical look at yen pairs of interest.
NZDJPY breaks 200-day SMA; downward movement imminent?The New Zealand dollar to Japanese yen currency pair (NZD/JPY) saw an uptrend on the daily chart from March 2020 to July 2024, gaining 66.58% over the four-year period.
Recently, however, the pair broke below the 200-day Simple Moving Average (SMA) on the daily chart, signaling a potential trend reversal. The 200-day SMA, which had served as support for four years, now appears to be acting as resistance.
Additionally, the NZD/JPY formed a double top, indicating that buyers were once more unable to push the price above the 92.00 mark. This double top region coincides with the 50% level of the bearish Fibonacci.
Upward trend in NZDJPY driven by RBNZ-BOJ interest rate differential
The strong upward trend had been driven by the interest rate differential between the New Zealand dollar and the Japanese yen.
New Zealand, like many countries around the world, slashed interest rates during the COVID-19 pandemic to stimulate its economy. However, as the economy began to recover, the Reserve Bank of New Zealand (RBNZ) moved to raise rates to control inflation and avoid rampant price increases.
With inflation now under control, the RBNZ has started cutting rates, with yesterday marking the third consecutive cut, as the central bank reduced New Zealand’s key interest rate from 5.25% to 4.75%.
Japan, on the other hand, followed the opposite path, keeping its interest rate below 0 while other countries raised borrowing costs to control inflation — which is why the JPY has depreciated so much in recent years.
However, in its most recent meetings, the Bank of Japan (BOJ) — Japan’s central bank — changed its stance and raised interest rates for the first time since 2016.
With New Zealand’s interest rate declining and Japan’s interest rate increasing, there is potential for a medium-term devaluation of the NZD against the JPY.
Downward movement in NZDJPY possible in coming months
From a technical perspective, the following factors are at play:
1. Break of the uptrend on D1.
2. The 200-day SMA, which previously acted as support, is now serving as resistance.
3. A double top has formed on the daily chart.
4. The 50% Fibonacci region is bearish.
Considering these technical factors and the diverging monetary policies of the central banks in Japan and New Zealand, a downward movement in NZD/JPY is possible in the coming months.
If the price manages to break below 89.75, it is possible that it will fall to the 86.70 region in a few days.
Disclaimer:
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#NZDJPY 4H#NZDJPY 4H Forecast Buy with a Channel Pattern
On the 4-hour chart for #NZDJPY, the price is trading within a well-established ascending or horizontal channel, presenting an opportunity for a potential buy. However, traders must remain cautious of a possible support breakdown, which would signal a sell opportunity.
Key Insights:
1. Channel Pattern: The price is currently moving within a defined channel, with clear support and resistance levels. This indicates a period of consolidation or controlled upward movement, making it ideal for range-bound or trend traders.
2. Buy Scenario (Current Channel Movement):
- As long as the price remains within the channel and stays above support, there is potential for a buy.
- Traders can enter buy positions near the lower support zone and ride the price toward the upper resistance of the channel.
- Confirmation can come from bullish momentum near the support line or a bounce from it.
3. Sell Scenario (Support Breakdown):
- If the price **breaks below the support** level of the channel, it signals a potential shift in market sentiment from bullish to bearish.
- In this case, it would be advisable to enter sell positions once the breakdown is confirmed by volume and momentum indicators.
4. Volume Confirmation: Look for volume spikes as the price approaches support or resistance. High volume during a breakdown would confirm a stronger bearish move, while strong buying volume near support confirms a buy opportunity.
5. Stop-Loss Considerations:
- For a buy position, place a stop-loss slightly below the support line to protect against any false breakouts.
- For a sell position (if the support breaks), place a stop-loss just above the broken support level, now acting as resistance.
Trading Strategy:
- Entry:
- Enter a buy position when the price bounces off support within the channel.
- Enter a sell position if the price breaks down below the support level.
- Take Profit: For a buy, aim for the upper resistance level of the channel. For a sell, target key support zones below the breakdown.
- Stop Loss:
- For a buy, set a stop-loss below the support level.
- For a sell, set a stop-loss above the support-turned-resistance line to limit risk.
This analysis suggests that #NZDJPY is a buy within the current channel on the 4-hour timeframe, as long as support holds. However, a **breakdown of support** would flip the outlook to a bearish sell strategy.
NZD/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
NZD/JPY pair is in the uptrend because previous week’s candle is green, while the price is evidently falling on the 3H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 90.941 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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NZDJPY to continue in the upward move?NZDJPY - 24h expiry
Price action looks to be forming a bottom.
A Doji style candle has been posted from the base.
Short term bias is bullish.
Preferred trade is to buy on dips.
Further upside is expected although we prefer to buy into dips close to the 90.60 level.
We look to Buy at 90.60 (stop at 89.88)
Our profit targets will be 92.40 and 95.60
Resistance: 92.90 / 95.60 / 99.00
Support: 89.15 / 86.80 / 83.05
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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.
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NZD/JPY SHORT FROM RESISTANCE
Hello, Friends!
We are going short on the NZD/JPY with the target of 85.850 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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Buy NZD/JPY Bullish ChannelThe NZD/JPY pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 90.80, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 91.49
2nd Support – 91.92
Stop-Loss: To manage risk, place a stop-loss order below 90.35. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
NZDJPY Will Move Lower! Sell!
Please, check our technical outlook for NZDJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 90.996.
Taking into consideration the structure & trend analysis, I believe that the market will reach 90.447 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
NZDJPY Huge long-term bullish signal emerged.The NZDJPY pair gave us an excellent sell signal last time (July 10, see chart below) and not only hit our 95.580 Target but broke below and invalidated the medium-term Channel Up:
The long-term Channel Up however, is still intact and it is evident on the 1W time-frame where the July-August sell-off found support and stopped exactly on the 1W MA200 (orange trend-line).
This alone is the first long-term buy signal. The second is a double one and will be given if the price closes above the 1W MA50 (blue trend-line), which has already rejected the uptrend twice since August and the 1W MACD forms a Bullish Cross. As you can see on this chart, every time the 1W MACD Bullish Cross coincided with a price closing above the 1W MA50, it was the strongest buy confirmation since 2020.
So if that confirmation is achieved, we will turn bullish with our Target being 102.000 (+18.31%, the minimum Bullish Leg rise within the Channel Up).
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Bearish reversal?NZD/JPY is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 91.54
Why we like it:
There is a pullback resistance level.
Stop loss: 92.98
Why we like it:
There is a resistance level at the 127.2% Fibonacci extension and the 61.8% Fibonacci retracement.
Take profit: 89.59
Why we like it:
There is an overlap support level that is slightly below the 23.6% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.