Nzdjpylong
NZDJPY bullish setup on DailyHi Traders,
This is my view on this cross for the next few days.
#NZDJPY
BUY 77.87
SL 76.64
TP 80
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
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Trading Kitchen
NZDJPY - Bullish BiasNZD - BULLISH
1️⃣ RBNZ Governor Adrian Orr noted that the central bank is in a "sound position" to continue to meet its mandate amid the economic shocks from COVID-19.
JPY - BEARISH
1️⃣ Investors remained optimistic about a relatively faster US economic recovery from the pandemic amid the progress on COVID-19 vaccinations and a massive US fiscal spending plan.
2️⃣ Prime Minister Suga Yoshihide says he is considering extending a coronavirus state of emergency in the Tokyo region for about two weeks because of concerns that infections have not slowed enough and are continuing to strain medical systems in the region.
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Technical
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We are buying the NZDJPY on RBS + above SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
NZDJPY - Bullish BiasNZD - BULLISH
1️⃣ Sentiment was boosted after the Global Dairy Trade’s price index surged 15% compared to the previous auction, its eighth consecutive price rise as whole milk powder prices rose 21% to a seven-year high.
2️⃣ New Zealand’s central bank is in no rush to tighten monetary policy, assistant governor Christian Hawkesby said on Tuesday, as he sought to temper market speculation of a quicker end to stimulus and a move towards a hike in interest rates.
JPY - BEARISH
1️⃣ Japan’s services sector extended declines for the 13th consecutive month in February as business activity was hit by curbs put in place to stop the spread of the coronavirus pandemic.
2️⃣ Local 10-year bonds also eased to 0.12% while the US 10-year rate ticked higher to 1.407%.
3️⃣ Positive risk tone weighing on the safe-haven JPY.
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Technical
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We are looking to buy the NZDJPY at support + above SMA 50 on the H1 chart.
NZDJPY - Bullish BiasNZD - BULLISH
1️⃣ New Zealand reported no new cases reported in the community on Monday as Auckland remains at COVID-19 alert level 3 and the rest of country is at alert level 2.
2️⃣ New Zealand’s terms of trade climbed 1.3% on quarter in Q4 2020.
JPY - BEARISH
1️⃣ Bets of a faster economic recovery in the United States and tracking US 10-year bond yields as they remained elevated at 1.415%.
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Technical
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We are looking to buy the NZDJPY on the RBS + above SMA 50 on the H1 chart.
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The risk to this trade
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A change in risk tone could turn the pair to the downside.
NZDJPY - Bullish BiasNZD - BULLISH
1️⃣ Investors proved optimistic on the prospects of faster growth, while local bond yields stabilized after their run-up on inflation concerns. The yield on New Zealand's 10-year government bond jumped to yearly highs of 1.72%, while US 10-year yields eased to 1.362%.
2️⃣ New Zealand’s foreign currency rating to AA+ from AA and its local currency rating to AAA from AA+, citing faster-than-expected economic recovery.
JPY - BEARISH
1️⃣ Market participants exercise caution amid rising bond yields both locally and in the US as US 10-year yields remained elevated at yearly highs of 1.362%, while Japanese 10-year yields hit over 2-year highs of 0.115% amid lingering speculation the BOJ could widen the 40-basis-point band under which it allows 10-year yields to move around its 0% target.
2️⃣ Prospect on faster growth weighing on the safe-haven asset such as JPY.
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Technical
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We are buying the NZDJPY on the RBS + above SMA 50 on the H1 chart.
NZDJPY: The price is still FOLLOWING its ChannelHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
NZD/JPY
⚪ Technical Analysis :
Since the end of January 2021, the price has been following a clear ascending channel, leaving its main trendline and starting a new uptrend, bouncing few times on its secondary trendline.
Today it broke through a daily S/R zone at about 76.600, getting a rejection (see the pin bar) on its dynamic channel's line.
The price is currently moving down, approaching a new re-test of the previous S/R zone.
🔴 Conclusion :
The monthly and daily perspectives are still following an uptrend, so I'll be looking for long positions on this trade.
I'm confident to see the price getting a bullish impulse after it will re-test and probably consolidate on the S/R zone at 76.600.
The price is cleary moving over the EMA 100, than a proper rejection will be a nice long opportunity.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
NZDJPY - Bullish BiasNZD - BULLISH
1️⃣ Prospects of a large fiscal package in US, progress on vaccine rollouts and pent-up consumer demand.
JPY - BEARISH
1️⃣ The US Treasury 10-year yield fetched its highest since last August with a 1.331% high.
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Technical
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We are buying the NZDJPY on RBS + above SMA 50 on the H1 chart.
NZD/JPY Bullish Wave LTFHi Traders
NZD/JPY Signal (H4 Timeframe)
A high probability, entry to go LONG has formed @ 76.186 after the market found support @ 75.781. Only the downward break of 75.781 would cancel this bullish scenario.
Trade details
Entry: 76.186
Stop loss: 75.781
Take profit 1: 77.260
Take profit 2: 78.190
Take profit 3: 79.706
Score: 10
Strategy: Bullish Wave - LTF
NZD/JPY could move UP!Hey tradomaniacs,
NZD/JPY just re-tested a strong support-zone and is about to create a H4-Wick 👉
First sign of reversal?
NZD/USD and AUD/USD are both steady with Indicies that failed to break key-support-zones, which is very good for our crosspair-trades.
Market is as expected very news-driven currently and I will wait for the FOMC`s statement as this can change everything, hence it is hard to predict any direction here because the moves could just be corrections.
I will wait for confluence and so high-probabillity-trades.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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NZDJPY, 1hr tf, buy setup at the end of wave-ivHello my friends,
Today i am gonna buy NZDJPY.
Previously i took sell order from 76.55 and closed it at 76.00 and banked +55 pips which yield 2.75R.
I didn't posted it on tradingview because i was not on my laptop when i took that trade.
So instead i will share the buy position today.
As you can see, price retrace towards 61.8 fibonacci retracement which also has a horizontal support level at 75.90.
Additonally there is 200-EMA at here as well so this place is an area of confluence support.
Buy NZDJPY 75.90
Stop loss 75.50
Take profit 77.20 (3.25R)
Use only 1-2% risk
Good luck