NZDJPY at channel supportIntraday Update: The NZDJPY has come down to channel support following the RBNZ decision in Asian trade. Support is near 98.00 and a break of this level would put the 96.90 level in play.
JPYNZD trade ideas
NZDJPYNZDJPY is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
NZDJPY Sell signal at the top of the Channel Up.The NZDJPY has been trading within a Channel Up pattern since the March 24 2023 bottom and today just made contact with its top (Higher Highs trend-line). We expect a strong rejection, similar to July 05 2023 that pulled-back all the way to the 0.5 Fibonacci retracement level and the 1D MA100 (green trend-line).
As a result, we treat today's rejection as a strong sell opportunity. Our Target is 95.580 (Fib 0.382).
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NZDJPY - BUY
Thats not fair taken everyone out now they got fuel to head higher still Carry Trade prevails.
Interest rate not changed still 5.5%
100 pips and 60 pips Targets
Just lost 50 pips in theory
Might push down more but more often than not they don't
Bounce off the Monthly Resistance now Support
Base case is up
Cots Data is Bullish
Sentiment of Traders is still over extended by 102 pips but can go much further another 300 basically.
Lets see : )
NZDJPY - BUYNZD very strong
Interest rate announcement coming out in 35 mins
Looks like they all banking on a 0.25% rise or stay the same which is also Bullish.
Inflation YOY and Interest Rates %
USD : 3.27- 5.50
NZD : 4.0 - 5.50
GBP : 2.0 - 5.25
CAD : 2.9 - 4.75
AUD : 3.6 - 4.35
EUR : 2.5 - 4.25
CHF : 1.1 - 1.25
JPY : 2.8 - 0.10
Looks like if any Country should be raising rates just looking at the numbers above NZ should and could still raise rates 0.25 to try and put the nail in the coffin.
It will never stop never has and raising rates won't even stop that, probably make it worse because of borrowing cost for businesses any excuse or chance to raise prices or shrink product size they do and then people still want need more in their wage packet, omg!
Retail sales are down each month ticked up last month
Building Consents drastic decline
Unemployment rate is up from 3.2 to 4 since 2022
Electronic card Spending is dropping on monthly basis (People are getting poorer)
Purchasing managers has 14th month of contraction in a row
Orders are down also
People paying Mortgaes will not be happy either how much more can NZ'ers take the NZ Government need to put a Price Freeze on Goods only to reduce the profit of the main profit-making companies in NZ they will not do it themselves so it needs to be LAW.
That is my recommendation NZ Government do it Now !
: )
NZDJPY Uptrend Long Contintinuation TradeNZDJPY Trend Continuation Long Trade
1. Weekly Uptrend
2. Nice momentum bullish candles
3. Price above 20,50 and 200 MA
4. Trend Following indicator confirmation
5. BUY/SELL Indicator confirmation
6. 2% Risk, 2 x 1%
7. Stop Loss 2 x Daily ATR
8. Closing second trade at opposite signal/break of structure/big reverse candle
NZD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
NZD/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 9H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 98.041 area.
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NZDJPY Long SetupNZDJPY Long Setup
Currency Pair: New Zealand Dollar (NZD) / Japanese Yen (JPY)
Timeframe: 4-hour (4H)
Current Price: 98.524
Setup Rationale:
Support Zone: The price has approached a key support zone between 98.317 and 98.202. This zone has previously acted as a strong support level, providing a good buying opportunity.
Bullish Candlestick Patterns: There are signs of bullish candlestick patterns forming near the support zone, indicating potential buying pressure and reversal.
Risk-Reward Ratio: The highlighted region shows a favorable risk-reward ratio, with the potential upside significantly outweighing the downside risk.
Entry:
Ideal Entry Point: Around 98.317, within the support zone.
Alternative Entry Point: A breakout above the immediate resistance at 98.868 could also provide a confirmation for a long position.
Stop Loss Placement: Just below the support zone at 98.202 to minimize risk.
Take Profit:
Initial Target: Around 99.000, where previous resistance levels are observed.
Secondary Target : Near 99.300, allowing for potential extended gains if the upward momentum continues.
Trade Management:
Monitor price action closely within the support zone for any signs of reversal or continuation.
Adjust the stop loss to break even once the price reaches the initial target to secure profits.
Consider partial profit-taking at key resistance levels to manage risk.
This setup capitalizes on the identified support zone and favorable risk-reward scenario, providing a strategic entry for a long position on the NZDJPY pair.
NZD/JPY H1 Channel BreakoutThe NZD/JPY pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 98.50, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 98.03
2nd Support – 97.80
Stop-Loss: To manage risk, place a stop-loss order above 98.90. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
NZDJPY BANK Money Heist Plan in Bullish SideMy Dear Robbers / Traders,
This is our master plan to Heist NZDJPY bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Stop Loss : Recent Swing Low using 4h timeframe
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday
NZDJPY ShortReserve bank of New Zealand announces their rates this week and their dot plots for cuts. I am expecting consolidation lower as well as a pullback to the last major demand zone. New Zealand is also tipping into a recession but has had sticky inflation. If consumer data comes in weaker inflation should follow. BOJ is going on the offensive soon see my USDJPY idea for fundamental details in the descriptions. Taking this short from here.
NZDJPY continues uptrendNZDJPY is in continuous uptrend the price has done a correction and a bullish signal has generated buy entry at current level with stop loss at previous higher low,risk to reward is 1:1
#NZD #JPY Long Set UpNZDJPY has been putting out series of HH and HL and still hold the market structure. Trying to long this pull back.
Entry 98.370
Stoploss 98.229
TP-1- 98.511
TP2 - 98.652
NZDJPY - Bullish FlagThe pair has no divergence and the indices are opposite. The pair is making a bullish flag. We will buy at the top of the flag with the mentioned trade plan.
NZDJPY Sell SignalWe have identified a new trading opportunity for the NZDJPY currency pair with the following parameters:
Direction: Sell
Enter Price: 97.853
Take Profit: 97.67733333
Stop Loss: 98.09333333
Rationale for the Sell Signal:
Our forecast is generated using the EASY Quantum Ai strategy, which considers a combination of technical indicators and market conditions. Here are some key factors influencing the decision:
1. Technical Analysis: The pair is exhibiting signs of bearish momentum based on recent price action and chart patterns. Indicators such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) confirm a bearish trend.
2. Resistance Levels: The pair has approached significant resistance near the 98.09333333 level, which corresponds to our Stop Loss. This level has been tested multiple times, failing to break upwards, indicating strong selling pressure around this zone.
3. Economic Indicators: Fundamental analysis aligned with recent economic releases from New Zealand and Japan suggests a weakening NZD against JPY. Factors such as trade balances and monetary policy disparities favor the JPY, adding to the bearish sentiment.
4. Market Sentiment: The broader market risk-off sentiment also supports a stronger JPY, further reinforcing the sell signal.
Recommendations:
Trade prudently and monitor the market for any changes in economic conditions or unexpected events that may influence the currency pair. Adjust your positions accordingly to mitigate risk.
NZD/JPY Trade Signal: BUYAttention traders,
We have identified a promising trading opportunity on the NZD/JPY pair. Based on our analysis using the EASY Quantum Ai strategy, we recommend initiating a BUY position.
Trade Details
Direction: Buy
Enter Price: 98.627
Take Profit: 98.897
Stop Loss: 98.2
Our forecast suggests a bullish movement for the following reasons:
1. Technical Indicators: The pair displays strong upward momentum based on recent moving average crossovers and RSI levels. This indicates increased buying pressure.
2. Economic Data: Positive economic indicators from New Zealand, such as improved GDP growth and robust employment figures, support a stronger NZD against the JPY.
3. Market Sentiment: Recent geopolitical stability in the Asia-Pacific region has reduced risk aversion, making riskier assets like NZD more appealing compared to the safe-haven JPY.
4. Historical Patterns: Historical price movements demonstrate a recurring bullish trend around the current price levels, suggesting a high probability of an upward continuation.
Please monitor the trade closely and adjust your risk management settings according to your trading plan.
Happy Trading!
EASY Quantum Ai Strategy Team
NZDJPY BUY ZONENzdjpy
Buy Zone
Expect Tp For 80 Pips
Buy At 97.865 - 97.752
Tp At 98.696 (80 Pips)
Sl At 97.745 (12 Pips)
NZD/JPY +50 Pips 0 Drawdown , New Entry Valid To Who Missed It !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
NZD/JPY BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
Bullish trend on NZD/JPY, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 96.668.
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Possible Long NZD/JPY tradePossible Long NZD/JPY trade with potential abc pattern and with yen weakness highly likely the trend will continue.
Trade safe traders
NZD/JPY BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
We are now examining the NZD/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 96.960 level.
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NZD/JPY Breaks Ascending Channel: Bullish Momentum UnleashedIn this analysis of NZD/JPY, we observe a clear breakout above the long-established ascending channel, indicating a strong bullish momentum. The recent move past the channel's upper boundary suggests potential for continued upward trends. Traders should consider the implications of this breakout for future price movements, looking for opportunities to capitalize on the bullish trend.
