Nzdjpysignal
NZDJPY - Will BE MARKET RISK ON? ⛔️ NZD FEATURE is currently DOWN. The main reason for that is because MARKET RISK OFF. It will be UP again. But according to the current situation in the market, the DOWN TREND is still going down. The NZD FEATURE stands at 0.6319 LEVEL. The JPY FEATURE has been heavily DOWN before. Stay tuned for the VIX INDEX. Currently VIX is getting somewhat DOWN. The NZDJPY price is moving lower than the DYNAMIC LEVELS.
⛔️ Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN.
⛔️ NZDJPY Price may be slightly lower before UP up to 80.749 LEVEL according to MARKET STRUCTURE. Then the NZDJPY price can be UP. It's probably up to 86.88 LEVEL. So look at the REACTION of STOCKS MARKETS, VIX, SNP500 MARKETS.
Jamie Trade Idea - Sell NZDJPY Trade Idea: Sell NZDJPY
Reasoning: Broken through descending triangle, looking for weakness to continue.
Entry Level: 83.230
Take Profit Level: 82.40
Stop Loss: 83.64
Risk/Reward: 2.02R
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NzdJpy- New leg of correction?There have been 3 fabulous months for NzdJpy (In fact for all JPY pairs), with the pair gaining around 1200 pips, but more importantly, more than 15% (a lot for a forex pair).
As it was normal after such a run, after reaching 87 figure, the pair dropped hard, making the first leg of correction.
Now the pair is in recovery again and a new leg down can follow.
Resistance lies between 84.50 and 85.00 and in this zone, I will look to sell.
On the other hand, NzdJpy back above 85.50 could mean the resumption to the long-term bull trend.
NZDJPY - Will BE MARKET RISK ON? - RBNZ MEETING, one of the most important events for the NZD this week, was held. Everyone expected the RATE HIKE to be 25bps. But they increased the RATE by 50bps. You can watch it from ECONOMIC CALENDAR.
- NZD FEATURE is currently down a bit. The main reason for that is because MARKET RISK OFF. Today there is a slight market risk on the situation. The NZD FEATURE stands at 0.6792 LEVEL. The JPY FEATURE has been heavily DOWN before. Stay tuned for the VIX INDEX. Currently VIX is getting somewhat DOWN. NZDJPY Price is based on DYNAMIC LEVELS.
- Currently the SENTIMENT of the OVERALL MARKET is being POSITIVE. Until yesterday the MARKET RISK was OFF. STOCKS DOWN DOWN until yesterday. Also, the EQUITIES are turning somewhat GREEN but the VOLATILITY is going down. Also COMMODITIES still shows a UP SIDE BIAS. There is a NEUTRAL BIAS currently on the market. It's a bit more than the DOWN SIDE BIAS. We can not say for sure whether the MARKET SENTIMENT is UP or DOWN. But according to the data we have received so far we can say that MARKETS RISK is coming ON.
- NZDJPY Price may be slightly higher at 88.77 LEVEL according to MARKET STRUCTURE. Then the NZDJPY price can be DROP. It may fall to LEVEL 82.09 by breaking the TREND LINE. So look at the REACTION of STOCKS MARKETS, VIX, SNP500 MARKETS.
NZDJPY - Is the WAR SENTIMENT OVER? Will BE MARKET RISK OFF? - None of the important data for the NZD will be released this week. But some very LOW IMPACT NEWS are about to be released. NZIER Business Confidence, GDT Price Index, ANZ Commodity Prices m / m are released for NZD this week. Therefore, I think the New Zealand dollar will FOLLOW the MARKET SENTIMENT within this week.
- NZD FEATURE is currently slightly UP. The main reason for this is that the MARKET RISK is starting to be ON and STOCKS is starting to be UP. The NZD FEATURE stands at 0.6987 LEVEL. The JPY FEATURE was heavily DOWN before. But it has now been avoided. Some UP TREND has started moving. According to the MARKET SENTIMENT and according to the JPY ECONOMIC PROJECTION. Somehow it looks like the JPY CORRECTION has started by now. Stay tuned for the VIX INDEX. Currently VIX is getting a bit UP. NZDJPY prices are moving higher than DYNAMIC LEVELS.
Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. Also the EQUITIES are turning a bit red. VIX is getting a bit UP. Also COMMODITIES still shows a UP SIDE BIAS. There is a NEUTRAL BIAS currently on the market. We can not say for sure whether the MARKET SENTIMENT is UP or DOWN.
- NZDJPY Price may be slightly higher at 88.77 LEVEL according to MARKET STRUCTURE. Then the NZDJPY price can be DROP by BREAKING TREND LINES. Because the VIX INDEX is currently a bit UP. Also EQUITY MARKETS are currently DOWN. FOLLOW STRUCTURES AND MARKET SENTIMENT. Act according to the changing MARKET SENTIMENT.
NZDJPY - Is the WAR SENTIMENT OVER? Will BE MARKET RISK OFF? - The DATA BUILDING CONSENTS, ANZ business confidence, for the New Zealand dollar is due out this week. These are very LOW IMPACT NEWS. According to the MARKET SENTIMENT, a DEMAND may come to the NZD this week. Also, the Japanese yen is following the market sentiment as there is no special data release for JPY.
- China has decided to lock down the Shanghai area of China due to the further escalation of the corona virus. It is not clear whether this is a new variant or an old variant. Stay tuned for this. This could affect NZD AUD CURRENCIES in the future.
- NZD FEATURE is currently down a bit. The main reason for this is that MARKET RISK is starting to OFD and STOCKS are starting to DOWN. The NZD FEATURE stands at 0.6930 LEVEL. JPY FEATURE is heavily DOWNED according to MARKET SENTIMENT and JPY ECONOMIC PROJECTION. Anyway, if there is a CORRECTION that can be JPY UP in the future. Stay tuned for the VIX INDEX. Its price is above NZDJPY DYNAMIC LEVELS.
- Currently the OVERALL MARKET is RISK OFF. Also STOKES are getting a bit RED. VIX UP is becoming. Also COMMODITIES are now slowly DOWN.
- NZDJPY currently has a SHORT TERM UPSIDE BIAS. Maybe the NZDJPY price will move to 87.32 LEVEL.
- If the market risk goes off anyway, you can definitely BREAK the NZDJPY TREND LINE and sell at 82.09 LEVEL.
- Maybe a little PULLBACK can come before the NZDJPY BUY according to the MARKET CONDITION. Today is Monday so we have to wait for the LONDON SESSION.
- Stay tuned for market sentiment and NZD FEATURE CHART, JPY FEATURE CHART, VIX CHART. From this we can see the trends against markets against NZDJPY and the MARKET SENTIMENT.
- Now the price is above the dynamic levels so maybe the PRICE for DYNAMIC S / R LEVEL can be a RETRACEMENT.
NZD/JPYThe New Zealand dollar continues to rally rather significantly, especially against the Japanese yen. The Japanese yen has been crushed against almost everything on the planet, and it looks as if the New Zealand dollar is trying to clear the ¥85 level. Breaking above there would open up the possibility of a runaway market. That being said, I would not be surprised at all to see a little bit of a short-term pullback in order to build up momentum. The ¥82 level is the previous high that should now offer a little bit of support.
NZDJPY Will Go Down !!NZD-JPY is trading in an uptrend
In an ascending channel but the pair
It retests the rising resistance AT 84.500
Which is coupled with the fact that
The pair is overbought and with
Bearish price movement on lower time frames
I think we'll see a price drop soon
With the aim of retesting the horizontal support below at 78.700