Potential bullish nounce?NZD/JPY has bounced off the pivot and could rise to the 1st resistance.
Pivot: 82.77
1st Support: 81.64
1st Resistance: 84.43
1st Resistance: 1.1089
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JPYNZD trade ideas
NZD-JPY Will Fall! Sell!
Hello,Traders!
NZD-JPY went up to
Retest the horizontal
Resistance of 83.900
So we are locally bearish
Biased and we will be
Expecting the pair
To go down
Sell!
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Bullish rise?MZD/JPY is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 82.77
1st Support: 81.64
1st Resistance: 84.63
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZDJPY False Breakout, Into Channel Again? resistance at 83.2NZDJPY was moving within a downward trend channel but recently broke through the channel's support, only to close back inside, suggesting a potential false breakout. Additionally, just below this support level, there is a strong weekly support around 80.2. I believe it has re-entered the channel, with the main resistance near 83.2. We'll see if it can surpass this resistance in the coming days, with a stop-loss set at 80.
NZDJPY: Best Gap to Trade Today?! 🇳🇿🇯🇵
Among various gap openings that we see today,
the one that I spotted on NZDJPY looks like one of the best to trade.
I see multiple bullish imbalances on an hourly time frame
after a formation of the gap down opening.
Probabilities are high that it will be filled soon.
Goal - 82.15
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NZDJPY The Target Is UP! BUY!
My dear followers,
I analysed this chart on NZDJPY and concluded the following:
The market is trading on 82.050 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 83.982
Safe Stop Loss - 81.284
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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
NZD/JPY DAILY TIMEFRAME CONTINUES TO DROP! POSITION FOR A SELLPrice dropped lower which further showed weakness In NZD against JPY .Coming week, I anticipate a retracement to 84.992 for a further sell. The OVERLALL market flow remains bearish coupled with the 200EMA showing bearish sentiment. A sell opportunity is envisaged once price retraces to 84.992
(A re-entry) NZD JPY #0014 Short Swing Trade- The failure of the price actions to break past the highest HIGH (4H) indicates exhaustion in buying interest.
- The period experienced a failed breakout of the nearby monthly LOW, indicating that this price is Bullish in the longer term on the larger picture.
- to add into perspective : 3M to 6M charts indicating a presence of Imbalanced or FVG at the top of the structure.
Our Trade:
- We are planning to absorb the correction pips (difference) between our Sell LIMIT ORDER to the Fair Value Gap (nearby liquidity pools) at the bottom of this structure.
- The intra-structure LOWS marked by "$$" indicated the areas where liquidity is expected to be hunted, these are where inexperienced retail traders tend to place their STOP ORDERS, signifying the presence of LIQUIDITY POOLS to Smart Money.
- The trade is Swing in Nature, may hold position for up to 2 days.
- Furthermore, the drop in volume along the area of Top Orderblock also indicates Exhaustion in the current buying Interest, Correction is inevitable.
- That's where we are in for - the PIPS difference
NZDJPY: Market of Sellers
Balance of buyers and sellers on the NZDJPY pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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NZDJPY: Market of Sellers
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell NZDJPY.
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NZDJPY ON A FREE FALL! WHERE IS THE NEXT SUPPORT?NZDJPY Has been on a free all after the breakout of the pennant triangle. Price is yet to find support so far. Price currently trade around the price level of 80.948 were likely to see a slight pullback around the current price. Atleast a 1% increase from the current price.
NZDJPY potential sell4h Trend is bearisd, 1h Trend is bearish, give us2 potential sell :
1) Price reach last 1H demand, and make rejection candle , take sell with SL slightly above last high of rejection candle, TP on last 1h Low
2) Price break from support trendline/break from channel, better probability if wait price break 15m HL and retest (but have probability to not retest and miss the trade). SL slightly above rejection candle, TP on last 1h Demand
NZDJPY Forecast: Ready to Ride Bullish MomentumBased on EASY Trading AI analysis, my current outlook for NZDJPY is bullish. The entry level identified at 81.808 is strategically positioned, indicating emerging upward momentum and favorable market sentiment. My target profit is set at 83.30733333, driven by technical signals highlighting price strength and buying interest accumulation at current support levels. However, risk management remains crucial; my defined Stop Loss at 80.29533333 safeguards against unexpected downside volatility.