NzdJpy could test 90 zoneSince the beginning of July, NzdJpy is pretty choppy, with spikes up and down.
However, the trend is still up, and with a very weak JPY we can expect a new leg up.
Also, yesterday the price reversed with a nice bullish engulfing which brings more confirmation.
I'm bullish as long as yesterday's low is intact and my target is around 90
Nzdjpysignal
NZDJPY : Short Trade , 1hHello traders, we want to check the NZDJPY chart. The price has broken the indicated support level to the bottom. We expect this level to play the role of a resistance level after the failure and maintain the downward trend of the price. We expect the price to fall to the targets of 85,600 and 85,300. Good luck.
DeGRAM | NZDJPY potential AB=CD patternNZDJPY broke and closed below the psychological level of 87.000.
Price pulled back to psychological level and 61.8% fibo retracement following bearish move.
If the price action breaks out of the trendline, we can look for selling opportunities.
Price action is likely to go further down to complete the AB=CD pattern if the market moves down.
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NZDJPY - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on NZDJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement and then to reject from bearish order block + institutional big figure 88.000.
Fundamental analysis: Upcoming week on Wednesday will be released Cash Rate on NZD, if the result is negative, it will support our analysis.
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NZDJPY : Short Trade , 1hHello traders, we want to check the NZDJPY chart. The price is moving in a descending channel and has pulled back to the specified key level. We expect this level to maintain the downward trend of the price and cause the price to fall. Our first target in case of a fall The price is 86.200 and if the price can break this level, our next target will be 85.600. Good luck.
DeGRAM | NZDJPY consolidation zone as resistanceNZDJPY is moving in the descending channel. The market has reached the major resistance level and consolidation zone.
The market created a pullback trading opportunity.
We expect the price to pullback to the psychological level and go down from there.
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NZDJPY - SHORT; Much worse than it looksWith all the excess "liquidity" force down everyone's throat, the world over, this carry trade is no exception. This pair can move 10k pips in a heartbeat when 'it' hits the fan (which ought to be sooner than later). On the long run (full cycle) the NZD is not worth 50 yen! (It is actually much closer to 30, after all is said and done.) With a "live" BoJ meeting expected at the end of this month, all these trades could kick into high gear (trap door), in an instant.
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.
DeGRAM | NZDJPY bearish opportunityNZDJPY created divergence and dropped from the resistance in the ascending channel .
Price broke and closed below the 89.000 psychological level. The market pulled back to retest.
We expect a bearish move or consolidation .
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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.
DeGRAM | NZDJPY market decelerationNZDJPY is moving in an ascending channel. The market has reached the major resistance level.
The market created a divergence at a major resistance zone.
The price is near the 89.000 psychological level, and if it rejects the level, then we might see a massive drop from it.
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DeGRAM | NZDJPY price divergence at the resistance levelNZDJPY broke out of the ascending channel. The market has reached the major resistance level and dropped.
The market formed an overbought condition at a major resistance zone and created a double top with divergence on the 4H chart.
We expect the price to pullback to the psychological level at 88.000 and go down from there.
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DeGRAM | NZDJPY double topNZDJPY is moving in an ascending channel. The market has reached the major resistance level.
The market formed an overbought condition at a major resistance zone and created a double top with divergence.
The price is most likely to pullback since the market has reached a major resistance level on the daily chart.
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NZDJPY LONG TERM TRADING IDEA Hello Traders
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NZDJPY - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on NZDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to make a retracement to fill the imbalances lower and then to reject from bullish order block + institutional big figure 85.000.
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