Bullish IdeaThe pair seems to have corrected nicely and may have found support for a swing to the upside again. RSI is oversold and price is at the bottom of the 4h upward trend line. The over all trend is also bullish.
JPYNZD trade ideas
NZD/JPY: Support Amid Bullish OutlookHello Everyone,
Despite the recent decline in NZD/JPY, higher timeframes ranging from 1 day to 1 year continue to indicate a favorable stance for a buy position. However, it's important to exercise caution at this juncture as the price is currently below the monthly, weekly, and daily pivot points, which have recently acted as resistance levels. Presently, the weekly support level is being tested, with a robust support zone identified at 90.421 on the weekly timeframe, aligning well with monthly supports at 90.896, 90.512, and 90.128, and a strong monthly support noted at 88.975. Should the support around 90 falter, the full monthly support could be tested. Nevertheless, the bullish outlook remains intact.
TradeWithTheTrend3344
NZDJPY - Wait for the retracement ✅Hello traders!
‼️ This is my perspective on NZDJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I want price to make a retracement to fill the imbalance and then to reject from bearish order block.
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NZDJPY H4 | Potential bullish breakoutNZDJPY is rising towards the pullback resistance level and it might breakout of the resistance and climb to take profit level.
Entry: 91.808
Why we like it:
There is an pullback resistance.
Stop Loss: 90.978
Why we like it:
There is a pullback support which aligns with 61.8% Fibonacci retracement.
Take Profit: 93.327.
Why we like it:
There is a swing-high resistance
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Bearish OpportunityJPY is still strong and it seems NZD is loosing value, 4h is overbought and 1h trend has become bearish and has teste the top the trend line. Price is below MA's and has had a bearish cross.
Nzdjpy SetupThis is my Setup to go Short on NZDJPY on 1 Hour time-frame. So let's see how market behaves. Remember to look for LTF confirmation before taking order.
NZDJPY The Target Is UP! BUY!
My dear subscribers,
NZDJPY looks like it will make a good move, and here are the details:
The market is trading on 91.313 pivot level.
Bias - Bullish
My Stop Loss - 90.950
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish ) continuation.
Target - 92.129
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.
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WISH YOU ALL LUCK
NZDJPY - LONGHello all! The big bullish divergence combined with demand zone on the 1H Timeframe. After closing a big bullish candle we could have a look for a entry. Please consider this only like an idea.
NZDJPY downIt is based on indicators, on H4 and daily S/R.
It is no financial advice. I am not a profi.
NZDJPY M30 / Long Trade Idea Intraday✅ Hello Traders!
This is my idea related to NZDJPY M30. I expect to see a bullish move until the price of 91.600. The JPY Basket is still bearish and I consider this argument an opportunity to look for a long entry on NZDJPY. Mos probable the price will hit the OB level.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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NZD/JPY H1 | Potential bearish breakoutNZD/JPY has broken below a potential breakout level and could drop lower from here.
Sell entry is at 91.126 which is a potential breakout level (wait for the current 1-hour candle to close below 91.126 for confirmation of the bearish breakout).
Stop loss is at 91.450 which is a level that sits above a pullback resistance.
Take profit is at 90.605 which is a pullback support that aligns close to the 161.8% Fibonacci extension level.
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NZDJPY: Descending channel - Very RiskyNZDJPY: Descending channel - Very Risky
Price completed a "Descending Channel" and so far we can also see a bullish breakout.
It is very risky as forecast because JPY pairs are moving these days anyway
it can work well as it is in line with the big trend.
Strong resistance zones will be found near 91.55 and 91.75
Do your work before initiating any trade!
You may find further details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
HIGH PROBABILITY SWING TRADE ON NZDJPYAs we can see that double bottom pattern has been formed at the daily AOI on NZDJPY after the break and retest of the neckline we can look for buying opportunities.
TP1 - 92.653
TP2 - 93.372
Confluence of Technical Indicators Suggests Bullish On NZDJPYThis analysis highlights a potential bullish opportunity emerging from the convergence of three significant technical indicators:
Broken and Retested Resistance: The price level at ~91.148, which previously acted as resistance, has been decisively broken and subsequently retested. This retest transformed the resistance level into a crucial support zone, suggesting buying pressure at this level.
Supportive Weekly Trend Line: The price is currently approaching a supportive weekly trend line. This line, formed by connecting swing lows on the weekly chart, often acts as a significant support level. The proximity of the price to this trend line indicates potential buying interest, as market participants might anticipate a bounce from the trend line.
Potential Monthly Pivot Point Break: While not confirmed yet, a break above the monthly pivot point could add further bullish confirmation. Pivot points are often used by traders to identify potential support and resistance levels.
Confluence of Technicals:
The confluence of these three technical indicators strengthens the bullish case. This suggests that the price may encounter significant support at this level, potentially leading to a bullish reversal.
It is important to remember that this analysis is for informational purposes only and should not be considered as trading advice. Always conduct your own research and due diligence before making any trading decisions.
NZDJPY - BuyNZDJPY is forming a double bottom reversal pattern with a bullish divergence which shows that there are chances that the price may go up when it breaks the previous lower high.
We'll put the buy stop at the point with proper stop loss and take profit.
HEAD AND SHOULDER PATTERNI really don't know which position to take, as it is an uptrend but has formed a bearish H&S Pattern on the 4hr timeframe. Probably lower time frames will give better insights but I will also support suggestion. Thanks
Sell NZDJPY Channel PatternThe NZD/JPY pair on the M30 timeframe presents a potential selling opportunity due to the presence of a bearish channel pattern.
Sell Entry: Consider entering a short position around the current price of 91.65, positioned near the current price within the channel.
Target Levels: The initial bearish target lies at the 91.15 level, which represents the previous support line within the channel. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the channel, ideally around 91.85. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
NZDJPY to continue in the downward move?NZDJPY - 24h expiry
Price action looks to be forming a top.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
The rally is close to an exhaustion count on the weekly chart.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Bespoke resistance is located at 91.80.
We look to Sell at 91.80 (stop at 92.12)
Our profit targets will be 91.00 and 90.80
Resistance: 91.80 / 92.10 / 92.40
Support: 91.20 / 90.90 / 90.60
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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shortThe market has strong momentum toward the sellers side, it will touch above level and will go down
NZD/JPY SHORT FROM RESISTANCE
Hello,Friends!
The BB upper band is nearby so NZD/JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 91.984.
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