Nzdjpybuy
NZDJPY LONG NZD/JPY breaks resistanceNZDJPY resistance at 8555/75. Shorts need stops above 8590.
Targets: 8520, 8480.
CADJPY continues higher as expected but I have not managed to get us in to a long. I should have had us buying on a break above 102.90 so I will use this as a support today.
Longs at 102.90/70, stop below 102.50.
RBNZ announces 0.25% OCR hike, keeps peak rate forecasts unchanged.
Retreat in yields, upbeat concerns about Japan manufacturers also weigh on prices.
Risk catalysts are the key, RBNZ’s Orr eyed for immediate directions.
NZD/JPY stands on slippery grounds as it takes offers around 81.50, down more than 100 pips on a day, as the Reserve Bank of New Zealand (RBNZ) fails to offer hawkish surprise to the markets on early Wednesday.
RBNZ announces 0.25% increase to its Official Cash Rate (OCR), as expected, during May month monetary policy meeting. It’s worth noting that the RBNZ defends its cash rate peak at 5.5% and exert downside pressure on the NZD/USD prices.
Apart from the RBNZ moves, the retreat in the US Treasury bond yields and recently upbeat concerns about Japan also weigh on the exotic pair.
That said, the US 10-year and two-year Treasury bond yields retreated from the highest levels since early March the previous day. On the other hand, “Business sentiment at big Japanese manufacturers turned positive for the first time this year and service-sector morale hit a five-month high, providing more evidence of an economy on the mend after a COVID-led recession,” per the monthly results of the Reuters Tankan survey.
Moving on, challenges to sentiment and the bond market moves can entertain the NZD/JPY pair traders while a press conference by RBNZ Governor Adrian Orr could offer immediate directions to the cross-currency pair. Should the policymaker manages to defend the hawkish bias, the New Zealand Dollar (NZD) may witness a corrective bounce.
Technical analysis
Despite the latest retreat, a one-month-old ascending support line, near 85.15 by the press time, challenges the NZD/JPY bears dominance.
NZDJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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 81.79 LEVEL can be SELL temporarily. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF.
After that, you can definitely BUY at the 89.50 level. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK.
NZDJPY- A great opportunity to Buy DO NOT MISS OUT!!Dear Traders, hope you have been having a great and profitable week, as we have had recent data on FED intention of hiking the interest rates we have now strong indication that NFP on this coming Friday will be in favour of DXY making it more bullish and which will a strong negative impact on JPY. Which will help us to achieve the profit target.
LIKE AND FOLLOW!! ;)
good luck and trade safe
NZDJPY : Long Trade , 4hHello traders, we want to check the NZDJPY chart in the 4-hour time frame. After moving for a while in a range channel, the price managed to break the ceiling of this range channel. If the price can make a pullback around the price of 84. 500 and the trend line of the ascending channel is a good entry point to enter into a buying transaction, and we expect the price to grow to the targets of 85,900 and 87,200. Good luck.
NZD/JPY Short Term BUY ....
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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 85.25 LEVEL can be SELL temporarily. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF.
After that, you can definitely BUY at the 90.00 level. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK.
Nzdjpy setting for bear moveHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:NZDJPY
We can see formation of rising wedge in D1
So we are expecting a strong fall near Trendline.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
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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.
Either way, NZDJPY should be slightly BUY with JPY WEAKNESS.
Anyway, the PRICE can SELL again on the NZDJPY MAIN SUPPORT, if the MARKET RISK OFF continues, to the 84.26 LEVEL. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF. After that, you can definitely BUY at 87.71 LEVEL. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK. Besides, the USD should be WEAK. If the MAIN STRUCTURE is BREAK, you can SELL at 80.69 LEVEL. nzdjpy
NZDJPY - Long from bullish orderblock ✅Hello traders!
‼️ This is my analysis on NZDJPY .
Here we are in a bullish market structure, so I am looking only for longs. I expect price to make a retracement to fill the imbalance and then to reject from bullish orderblock.
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