NZDJPY - Catch This Easy Trade!NZDJPY is currently in an an ABC correction. We have seen wave A, which was a leading diagonal and now completing wave B. We want to catch wave C which is marked out by the arrow.
Trade Idea:
- Watch for a break of the red trendline for confirmation
- Enter with stops below price
- Targets: 83.5 (350pips), 85 (500pips)
Goodluck and as always, trade safe!
NZDJPY
NZDJPY to find support at previous resistance?NZDJPY - 24h expiry - We look to Buy at 83.65 (stop at 83.25)
Previous support located at 84.00.
Previous resistance located at 84.25.
There is no clear indication that the upward move is coming to an end.
A lower correction is expected.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 84.65 and 84.85
Resistance: 84.25 / 84.50 / 85.00
Support: 84.00 / 83.50 / 83.25
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NZDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring NZDJPY for a selling opportunity around 84.300 zone, NZDJPY is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 84.300 support and resistance zone.
Trade safe, Joe.
NZDJPY to find buyers at market?NZDJPY - 24h expiry
Previous support located at 84.25.
Previous resistance located at 84.50.
We have a 38.2% Fibonacci pullback level of 81.50 from 85.50 to 84.00.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 84.50 will confirm the bullish momentum.
We look to Buy at 84.00 (stop at 83.60)
Our profit targets will be 84.95 and 85.25
Resistance: 84.50 / 85.00 / 85.50
Support: 84.25 / 84.00 / 83.75
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: Day Trading Analysis With Volume Profile 📊 On NZD/JPY is nice to see strong buying reaction from the price 83.230 and 83.692 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Uptrend + Volume cluster are my mainly reason for this long trade....
Happy trading
Dale
✅TS ❕ NZDJPY: before a reversal✅✅ NZDJPY is trading in the range.
The price reaction again indicates a confirmation of the resistance area.
The chart pulls back from the current level. ✅
🚀 SELL scenario: short to 84.122 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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
✅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