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JAPANESE YEN / NEW ZEALAND DOLLAR

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JPYNZD trade ideas

Good Buy chancePrice is tryin to return to it's upward channel and this kind of consolidating means BUY position for me , on 30 OCT i prefer to buy NZDJPY . Currently, the sentiment in the NZD/JPY market is estimated as bullish. The 14-day RSI reading is 62.51, suggesting neutral conditions. In the last 30 days, the volatility of the NZD to NZD has been 0.44%. The current NZD to JPY exchange rate is above the 50-day SMA, which is currently sitting at ¥ 90.02. The current rate is below the 200-day simple moving average, which is positioned at ¥ 92.57.
Long
by mohammadhassanli
NZDJPY What Next? SELL! My dear followers, I analysed this chart on NZDJPY and concluded the following: The market is trading on 91.609 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 91.230 Safe Stop Loss - 91.834 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
NZDJPY BUYERS COMING IN? Current Market Conditions: Look at the overall trend—are we in an uptrend or downtrend? If the market is trending upwards, it might be a good time to consider buying. Technical Indicators: Check indicators like RSI or MACD to see if the pair is overbought or oversold. An oversold condition might suggest a potential buying opportunity. Support and Resistance Levels: Identify key support levels where price might bounce. If NZD/JPY is near a strong support level, a buy could be justified. Fundamental Analysis: Look at economic news from New Zealand and Japan. Strong economic data from New Zealand could support a buy. Risk Management: Always define your stop-loss and take-profit levels based on your trading plan.
Long
by Marshall_Wick
NZDJPY → Consolidation before breakout and distributionFX:NZDJPY is forming a pre-breakdown consolidation amid the weakening of the Japanese national currency. There is a chance to get out of the accumulation... The potential, if the bulls hold the victory and go outside the channel, is quite high. Above 92.00 there is a free way to 94.4 - 98.87, there is no resistance that can prevent the movement. BUT, for this to happen, the buyers need to be able to utilize their potential. On H4, a global range of 91.9 - 86.5 is forming. But, more remarkable is that a strong consolidation is forming near the upper boundary of the channel, hinting at a possible upside realization. Resistance levels: 91.975 Support levels: 90.788, 90.03 Technically, there is no pullback at all from the resistance at 91.97. Accumulation before distribution is forming. A break of 91.97, which may happen soon, may trigger a strong bullish momentum Rate, share your opinion and questions, let's discuss what's going on with ★ FX:NZDJPY ;) Regards R. Linda!
Long
by RLinda
9
NZDJPY Will Move Higher! Long! Take a look at our analysis for NZDJPY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 90.965. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 92.269 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
NZDJPY Buyers In Panic! SELL! My dear subscribers, NZDJPY looks like it will make a good move, and here are the details: The market is trading on 91.89 pivot level. Bias -Bearish My Stop Loss - 92.317 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 91.246 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
NZDJPY 30M Analysis: Bullish Continuation Setup with Key Support On the 30-minute chart, NZDJPY is showing signs of a potential bullish continuation. Price is currently testing the lower trendline, and a break above 91.275 could signal further upside momentum, with targets around 92.038. However, if the price breaks below the green key support zone at 90.680, it will invalidate the buy continuation setup, suggesting a shift in market sentiment. Watch for price action and volume at these critical levels for potential trade opportunities.
Long
by Koudougnon-Wilfried-Kouyo
1
"NZD/JPY: Consolidation Hints at Upcoming Rally"The NZD/JPY currency pair is currently showing signs of consolidation near a key resistance level, following a recent retest and what appears to be a false breakdown. As the Japanese yen continues its decline, driven by a combination of domestic factors and the broader strength of the U.S. dollar, the New Zealand dollar may be positioning itself for an upside move. The technical picture is intriguing, as price action suggests an impending shift in momentum. The price behavior at range resistance has been relatively muted, with no significant reaction thus far. However, a descending wedge pattern is forming—a powerful technical formation often associated with the potential for sharp movements once a breakout occurs. This wedge reflects a period of consolidation, but one that is building energy for a decisive move. Given the yen's weakness, largely driven by the Bank of Japan's passive stance in the face of economic developments and the dollar's rally, the near-term outlook for the pair suggests upward potential for the NZD. However, traders should remain cautious, as any strong comments from Japanese officials or unexpected shifts in central bank policy could trigger a rapid reversal, putting the current setup at risk of a shakeout. Currently, key resistance levels are situated at 91.362 and 91.968, while the nearest support is around the 90.056 mark. Price action shows that the NZD/JPY pair has stalled at wedge resistance, entering a period of consolidation lasting between 12 and 16 hours. This pause in movement is a common feature of patterns like the descending wedge, which tend to "compress" price action before a breakout attempt. The critical question is whether the bulls can defend the price above the psychological barrier of 91.0. If they succeed in maintaining control above this level, the stage could be set for a sustained mid-term rally, offering a strong upside opportunity for traders. This technical setup coincides with broader fundamental factors that could provide tailwinds for the pair. The yen’s weakness has been exacerbated by a lack of intervention from the Bank of Japan, which seems content to let the currency drift lower while they assess the impact of U.S. economic data and the ongoing dollar rally. This inaction may be temporary, but for now, it creates a window for the NZD to gain further ground. The absence of any significant reaction to resistance hints at a market that is quietly building momentum, potentially setting the scene for a breakout if the bulls remain in control. In summary, NZD/JPY is entering a crucial phase as it consolidates near resistance, forming a descending wedge that often precedes strong price movements. With the yen continuing to lose ground and no immediate intervention in sight from Japan’s central bank, the path of least resistance appears to be upward. However, the risk of a shakeout remains high, particularly if unexpected comments or actions from Japanese officials catch the market off guard. For now, though, the technicals favor the bulls, and if the price holds above 91.0, we could see a meaningful rally in the medium term, driven by both technical patterns and the ongoing weakness of the yen. Traders should closely monitor price action at key levels, as the next move may offer a compelling opportunity for those positioned for a breakout.
Long
by lonelyPlayer0
NZDJPY → Pre-breakdown consolidation. Preparing for a rallyFX:NZDJPY is forming consolidation near resistance after retest and false breakdown. On the back of JPY decline, NZD may show upside... There is no proper price reaction to range resistance. Consolidation in the format of a descending wedge, a rather strong pattern capable of forming strong movements, is being formed. The Japanese national currency continues to update lows amid the calm of the central bank of Japan, which is waiting for something because of the rally in the dollar, as well as economic data from the United States. Any strong comments could restart the rally in the JPY, so the risk of a shakeout is quite high. But at the moment the chart is hinting at a possible upside... Resistance levels: 91.362, 91968 Support levels: 90.056 The price stops moving away from the wedge resistance at some point, forming a 12-16 hour consolidation. Most likely there will be a breakout attempt. If the bulls keep the defense above 91.0, we can catch a good upward rally in the mid term Rate, share your opinion and questions, let's discuss what's going on with ★ FX:NZDJPY ;) Regards R. Linda!
Long
by RLinda
7
"NZDJPY Tightens Up: Gearing for an Imminent Rally"NZDJPY: Consolidation Near Resistance Sets Stage for Potential Upside Rally The NZDJPY currency pair is currently navigating a phase of consolidation near a key resistance level, following a recent retest and a false breakdown. This situation is particularly intriguing, as it reflects underlying market dynamics influenced by the ongoing decline of the Japanese yen (JPY). With NZD poised for possible upward movement, traders are closely watching this evolving scenario. Recent price action indicates that there has been a lack of significant reaction at the range resistance level. The consolidation pattern forming here resembles a descending wedge, a well-known technical formation recognized for its potential to trigger substantial price movements. This wedge signifies a tightening of price action, suggesting that the market is building energy for a possible breakout. The backdrop of this technical setup is the ongoing depreciation of the JPY. The Japanese currency continues to hit new lows, largely due to the cautious stance of the Bank of Japan (BoJ). Currently, the central bank appears to be in a wait-and-see mode, assessing the implications of a rally in the US dollar and the latest economic data emanating from the United States. The BoJ's reluctance to make any abrupt policy changes could lead to a further weakening of the yen, thereby providing additional support for NZD. However, the risk of a shakeout remains significant. Any strong comments or policy shifts from the BoJ could swiftly reverse market sentiment, reigniting bullish momentum for the JPY. As such, traders must remain vigilant, understanding that the landscape could change rapidly with any new developments. Nevertheless, the current chart setup suggests a leaning toward a potential upside. Key resistance levels to monitor include 91.362 and 91.968. These levels represent critical barriers that, if surpassed, could confirm the bullish outlook for NZDJPY. On the downside, the support level stands at 90.056, providing a safety net for bulls as they attempt to maintain control. Recently, the price has shown signs of stability, momentarily pausing its movement away from the wedge resistance. This consolidation has persisted for approximately 12 to 16 hours, hinting at the possibility of an impending breakout. If bullish momentum can be sustained above the 91.0 mark, we may witness a significant upward rally in the mid-term. In conclusion, the current technical landscape for NZDJPY presents a compelling narrative. The combination of a descending wedge pattern, the ongoing weakness in the JPY, and the potential for bullish continuation creates an environment ripe for an upward movement. Traders should remain alert to resistance and support levels as they prepare for the next phase in this dynamic currency pair's journey. With careful monitoring of market developments and technical signals, the stage is set for a potential rally that could provide valuable trading opportunities.
Long
by lonelyPlayer0
2