NZD/JPY Expected Growth! BUY!
My dear subscribers ,
This is my opinion on the NZD/JPY next move:
The market is trading on 84.777 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Target - 85.684
My Stop Loss - 84.309
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
NZDJPY
✅NZD_JPY BEARISH SETUP|SHORT🔥
✅NZD_JPY went up after the
Breakout of the key level just
As I predicted in my previous
Analysis but now the pair
Is approaching a horizontal
Resistance level at 85.2
From where I think a
Pullback and a correction
Will follow
SHORT🔥
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NZD JPY - Potential double topBased on the analysis, the NZD JPY is forming a bearish candle after reaching the level of previous higher high. It could lead to a double top pattern, indicating that that it is likely to reverse its trend. Additionally, there is a divergence being formed on the Relative Strength Index (RSI), which further confirms the potential for a reversal.
The neck line break will further confirm the potential new downward trend, at which point we can consider shorting the pair.
The analysis suggests that the market is likely to experience lower lows in the coming period, and we can consider shorting the pair if following conditions are met:
1. A break in the neck line
2. A new higher high is not made
NZDJPY - 1000pip Swing Almost Ready!In our last analysis we identified that we were in wave 2 correction. We've seen waves A and B and now we've almost completed wave C.
We're looking for price to complete wave C at the structure level before reversing for the longer term.
Trade Idea:
- Watch for rejection at the structure level indicated
- For confirmation, watch for lower timeframe trendline break or BOS etc.
- Enter with stops above the correction
- Targets: 82 (320pips), 80 (530pips), Swing TP 75 (1000pips)
Goodluck and as always, trade safe!
See below for our past NZDJPY analysis:
✅NZD_JPY WILL KEEP GROWING|LONG🚀
✅NZD_JPY is going up now
And the pair broke the key
Horizontal level which is now
A support and the breakout
Is confirmed because even 1D
Candle closed above the level
So while the pullback is almost
Inevitable I think that the pair
Will go further up
LONG🚀
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READY TO SHORT ALL PAIRS XXXJPY.We are going to be placing pending orders on almost all the xxxjpy selling pairs, because next week we are going to see a pretty strong correction.
Vamos a ir poniendo ordenes pendientes en casi todos los pares xxxjpy en ventas, porque la semana que viene vamos a ver una corrección bastante fuerte.
NZDJPY sell setupHello, From the daily chart, we can see the price is moving in a downtrend, it then broke and closed below the support level.
In 1H, the price formed descending channel in which the price is bouncing within the range.
If the price manages to break past the channel and make a bullish fakeout to retest the daily resistance level, I will short the pair upon candlestick confirmation.
NZDJPY trend of higher lows has been broken.NZDJPY - 24h expiry - We look to Sell at 83.00 (stop at 83.40)
Previous support located at 82.25.
Previous resistance located at 82.75.
Broken out of the triangle formation to the downside.
We look for a re-test of the upward trending resistance.
A move through 82.50 will confirm the bearish momentum.
Our profit targets will be 82.00 and 81.80
Resistance: 82.75 / 83.00 / 83.50
Support: 82.25 / 82.00 / 81.50
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.
Potential swing trade on NZD/JPYA soft inflation report from New Zealand weighed broadly on the Kiwi dollar yesterday, as traders began to price in the prospects of a 25bp hike (down form 50bp) or even a pause at the RBNZ's next meeting. The slight risk-off tone saw flows into the yen, and risk-currencies such as AUD and NZD were lower which has placed ZD/JPY on our shirt watchlist.
The cross has seen repeated failures to close above 83.50 over the past three weeks, and yesterday's high met resistance perfectly at the 200-day EMA. Given the bearish engulfing candle which has now formed, we suspect a leg lower seems more probably than a break higher. Also note the decisive close beneath trend support.
- The bias remains bearish beneath yesterday's high
- However, we'll seek bearish setups below/around 83.15 (50% retracement of yesterday's open-close range)
- Initial target is the cycle just above 82.0
NZDJPY to breakdown?NZDJPY - 24h expiry - We look to Sell a break of 82.75 (stop at 83.15)
Previous support located at 82.75.
Previous resistance located at 83.25.
Broken out of the triangle formation to the downside.
A break of yesterdays low would confirm bearish momentum.
A move through 82.75 will confirm the bearish momentum.
Our profit targets will be 81.75 and 81.50
Resistance: 83.25 / 83.50 / 84.00
Support: 82.75 / 82.00 / 81.50
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.
NZD/JPY stages another failed attempt to test monthly highNZD/JPY appears to have staged another failed attempt to test the monthly high (83.92) as it snaps the series of higher highs and lows from the start of the week.
NZD/JPY Rate Outlook
NZD/JPY may test the weekly low (82.80) as it gives back the three-day rally, with a break/close below the 82.30 (23.6% Fibonacci extension) to 82.50 (38.2% Fibonacci extension) region bringing the monthly low (82.12) on the radar.
Next area of interest comes in around 81.70 (50% Fibonacci retracement), with a break below the yearly low (80.44) opening up the 80.20 (61.8% Fibonacci retracement) region.
At the same time, NZD/USD may consolidate if it defends the weekly low (82.80), with a move above 83.20 (38.2% Fibonacci retracement) raising the scope for another run at the monthly high (83.92).
--- Written by David Song , Strategist
@DavidJSong
W9-20 NZDJPY BEARISH IDEA (HARMONICS REVERSAL PATTERN)Potential Bearish Entry
Dow Theory In Place - Lower High and Lower Low Expected in Place
Formation of Harmonic Bearish reversal Patte coupled with bearish divergence at potential reversal zone (PZR)
Entry at LL on the basis of harmonic reversal pattern, candle stick pattern (three black crows), and support and resistance.
SL & TP Levels are defined.
nzdjpy 8h buy fractal tp bulls 86.00🔸Hello guys, let's review the 8 hour chart for NZDJPY today. Trading in well defined range
since start of the 2023, currently re-accumulation in progress, expect more gains.
🔸The prior price fractal printed in summer 2022 is defined by points a/b/c/d/e/f, this
is a price structure 90% identical to the current price fractal in progress on 8 hour chart.
🔸Recommended strategy for NZDJPY bulls. Recommend to market buy NZDJPY, bulls will
target re-test of 86.00 based on previous price fractal. TP1 is +150 pips TP2 +300 pips.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS#NZDJPY
By now MARKET RISK is ON. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. NZD CPI DATA is also very high. LABOR DATA is also very POSITIVE for NZD. JPY may be somewhat WEAK in the next few days.
However, NZDJPY should be slightly BUY with upcoming JPY WEAKNESS.
Anyway, if the PRICE falls back on the NZDJPY MAIN SUPPORT LINE, you can BUY if the MARKET RISK ON continues. And 81.16 LEVEL can be SELL temporarily. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF.
Anyway, after that, you can definitely BUY at 87.00 LEVEL. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK.
NZDJPY - Bullish Trend - 1 Hour Time Frame
Based on the chart's price action, it appears to be forming higher highs (HHs) and higher lows (HLs), indicating a potential bullish trend. As a result, we are planning to enter a long trade with a 1:1 risk/reward ratio.
To execute this trade, we will set a Buy Stop order at 83.216, with a Stop Loss at 82.792. Our selected Lot Size will be 0.25. We have set two Take Profit levels at 83.631 and 84.031.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
NZDJPY to possibly plummitAfter price swept liquidity at the top, it broke structure to the downside with momentum. Price then formed an an ascending channel liquidity of which it cleared above it and preceded to break structure to the downside. Price is currently in an established POI and is possibly looking to drop to take out the rest of the liquidity at the bottom of the ascending channel.