Short idea on kiwi yen price seems to be in ascending channel , my demand levels stands at 85.500 ish patience is key
JPYNZD trade ideas
A possible sell opportunity on NZDJPYNZDJPY should either reverse and go bearish after retesting "Wait for retest A" or "Wait for retest B". The first rectangle (Wait for retest A) is a possible sell opportunity confirming a "Support that becomes Resistance" while the second rectangle (Wait for retest B) is a possible sell opportunity confirming a "Head and Shoulder" and also a zone where the market retest the Uptrend for a "Bearish Breakout".
NZD/JPY SELLERS WILL DOMINATE THE MARKET|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 87.651 level.
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NZD/JPY short setup if risk rolls over NZD/JPY has rebounded over six big figures from its August nadir, enjoying relative calm in markets which has enabled carry trades to be reestablished. But the bullish price action is showing signs of fatigue; RSI (14) has broken its uptrend while Tuesday’s daily candle looks suspiciously like a topping patten, rejected from the intersection of horizontal resistance at 89.96 and former uptrend running from the pandemic lows in early 2020.
I’m not ready to short just yet knowing buyers are parked above 88.00 based on the price action seen over the past week. Liquidity is also likely to wane ahead of Jerome Powell’s speech on Friday. But if NZD/JPY were to fail again at the former uptrend, especially post Powell, the conviction behind the trade would increase considerably.
Stops could be placed above the uptrend with shorts targeting a push towards 87.72. If that level gives way, there’s little major support to speak of until you get down to 83.50.
I’ve included correlation analysis in the bottom pane, looking at the rolling daily relationship NZD/JPY has had with Nasdaq 100 futures over the past fortnight. At 0.88, the strength of the correlation suggests a short setup is far more likely to succeed if risk appetite rolls over.
Good luck!
DS
NZDJPY BUY Long Trading Ideallo Traders
In This Chart NZDJPY HOURLY Forex Forecast By FOREX PLANET
today NZDJPY analysis 👆
🟢This Chart includes_ (NZDJPY market update)
🟢What is The Next Opportunity on NZDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZDJPY Trade IdeaThe NZDJPY pair has been exhibiting a robust bullish trend, clearly visible on the four-hour chart with a pattern of higher highs and higher lows. My outlook is bullish, with a stop loss set just below the previous value area low and a target at the recent swing high, as indicated in the chart. Please note, this is a trading idea, not financial advice.
Trying out a new strategy The new plan is working well so far, and I'll continue testing it throughout the week. I'll provide an update on how everything turns out. I'm really liking it so far; it may seem busy at first glance, but it's actually quite easy to read and follow once you get used to it. Just requires a bit of patience. Talk to you all later!
NZDJPY - 4hrs ( Buy Trade Target Range 300 PIP ) Pair Name : NZD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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Key Technical / Direction ( Long )
Type : Mid Term Swing
———————————
Bullish Break
89.550 Area
Reasons
- Inner Trend Break
- Day / week High
- Choch Area
- Fibo Golden
- FIxed Poc
- Visible Range Lvn
Bearish Reversal
93.500 Area
reasons
- Major Turn level
- Visible Range Hvn
- Fixed Range Value
- Choch
- Quarter's Area
nzdjpy sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
NZDJPY on 4 HourPrice has been making a nice correction after the last big movement to the downside previously. Price is in a rising wedge bearish reversal pattern, at the key area of resistance / support structure looking left, where big moves has previously happened at this exact zone.
Price formed a Doji indecision candlestick at the key zone, along with a 3rd touch to the top of the wedge, showing signs that buyers are losing momentum, & sellers may be preparing to step back into the market, breaking price through the rising wedge pattern to continue the downtrend & into the impulsive stage of the trend coming up. Great technical setup here to add to the watchlist this week!
NZDJPY Breakout And Potential RetraceHey Traders, in the coming week we are monitoring NZDJPY for a selling opportunity around 90.800 zone, NZDJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 90.800 support and resistance area.
Trade safe, Joe.
NZD/JPY Bullish Momentum Targets 1M Pivot PointHello Everyone,
The NZD/JPY pair is showing potential for further upside, with a long-term bullish trend. The price is currently advancing toward the 1-month pivot point (1M PP).
TradeWithTheTrend3344
NZD/JPY: A Potential Reversal in the MakingThe NZD/JPY pair has recently caught the attention of traders following a notable drop to the 83.000 level. This move downwards was met with significant demand pressure, setting the stage for what appears to be a potential reversal. Starting from last Wednesday, the pair has shown signs of recovery, indicating that a bullish trend might be on the horizon.
From a Supply and Demand perspective, the dip to 83.000 acted as a critical demand zone, where buyers stepped in to support the price. This zone, which had previously been tested, held firm, suggesting that there is substantial interest in the NZD/JPY at these levels. As the pair began to rise from this support, it confirmed that the demand pressure was strong enough to halt the decline and possibly reverse the trend.
Adding to the bullish sentiment is the analysis of the Commitment of Traders (COT) report. The latest data indicates a shift in positioning among large speculators and commercial traders. These market participants, who often have access to more comprehensive market data and insights, appear to be positioning themselves for a potential upward move in the NZD/JPY. This shift in sentiment among key market players further reinforces the likelihood of a reversal.
Seasonality also plays a role in our bullish outlook. Historically, certain times of the year have been more favorable for the NZD/JPY pair, with increased demand for the New Zealand dollar during specific seasons. This seasonal trend, combined with the current technical setup and COT data, provides a strong case for considering a long position in the pair.
In conclusion, the recent drop in NZD/JPY to the 83.000 level has sparked a potential reversal, supported by strong demand, favorable COT positioning, and seasonal factors. Traders looking to capitalize on this opportunity should consider a long position, keeping a close eye on further developments in the market.
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NZD/JPY BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
NZD/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 1H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 88.771 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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NZDJPY Strong Sell to 82.800Wait till midnight BST this Sunday to enter the sell trade and set take profit to 82.800 and you enjoy the ride hill. Good luck
NZDJPY BUY TF H4 TP = 92.09 Good luck!On the H4 chart the trend started on Aug. 06 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 92.09
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
Potential bullish rise?NZD/JPY has bounced off the pivot which acts as a pullback support and could rise to the 1st resistance identified as an overlap resistance.
Pivot: 87.19
1st Support: 85.45
1st Resistance: 89.94
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NZD-JPY Will Keep Growing! Buy!
Hello,Traders!
NZD-NZD is now trading
In a local uptrend and the
Pair went above the key
Horizontal level of 87.000
Which is now a support
Then made a retest and
Is going up again now
So we are locally bullish
Biased and we will be
Expecting a local
Bullish move up
Buy!
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NZD/JPY Daily Setup The NZD/JPY currency pair is currently experiencing a healthy pullback following a significant decline of 1600 pips over the past 26 days. My key area of interest is around the 89.950 level due to several converging factors. These include a rejection point at 89.948, an ascending trendline originating from August 2023, the 0.786 level on the daily Bearish Fibonacci retracement, the psychological round number of 89.950, a descending trendline that started in March 2024, and the overall market structure.
Regarding the JPY Basket, it is also undergoing a pullback after advancing 38% over the last 25 days. I anticipate that the JPY Basket will react and potentially face rejection around the 6437 level.
NZDJPY For Bearish after finish its pull-backgo short now
- General Trend is Down
- Price made pull-back at red arrow
- Price may be retest level 61 of fibo again if so you can re-short again in that level
have fun ;)
Buy AnalysisNZD/JPY Buy Analysis
Trade Idea: Buy NZD/JPY
Entry:85.630
1st Take Profit: Up to 87.227
2nd Take Profit: Up to 91.900
Rationale:
Bullish Momentum: Recent price action suggests a High from recentlow, supporting a Bullish bias.
Long-Term View: This trade reflects a broader bullish outlook on NZD/JPY, considering both technical indicators and market sentiment.
Risk Management: Implement a well-defined risk management strategy, including stop-loss orders, to mitigate potential losses in volatile market conditions.
Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.
NZDJPY 200 MA Rest (and price action/rejection)NZD weakness comes about similarly to Yen strength, both as a reaction to the risk off environment markets sit in.
Any longs taken must be light and exited early on any bounces. Still potential for lower moves into this risk mood.
