JPYNZD trade ideas
NZDJPY: Supply zone is performing...?It's a bit late, but one can still get an RR of around 1.5 for a sweet short trade here
NZDJPY H4 | NZD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 89.280 which is a pullback support.
Stop loss is at 88.350 which is a level that sits under a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 90.408 which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
NZDJPY H4 | Potential bullish bounceNZD/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take profit target.
Entry: 89.249
Why we like it:
There is a pullback support level
Stop Loss: 88.992
Why we like it:
There is a pullback support that aligns close with the 50.0% Fibonacci retracement level
Take Profit: 90.405
Why we like it:
There is a pullback resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDJPY-bias long Bullish indications:
Trend line resistance break out.
Resistance break out.
Cup and handle pattern in 4 hr time frame.
Break out with double bottom formation in 30 min time frame.
Overall higher high and higher low intact.
Bearish indications:
Bearish divergence.
Trade Plan bias long at 90.350
SL:89.188
TP1:91.507
TP2:92.638
NZDJPY BUYOverall on uptrend. Buy limit set at order block where there is imbalance (89.302). Targeting OB above. There is equal low which could be liquidity grab so have given trade some room.
BUYING IDEA FOR NZDJPYNZDJPY
BUY LIMIT @88.562
ESTIMATED TP3 @90.417 ,180 pis
ESTIMATED TP 2 @89.635 ,135 pips
ESTIMATED TP 1 @89.087 , 50 pips
ESTIMATED STOP LOSS @88.407(pips 14 stop loss , risk what you can afford , you may extend your stoploss up to 50 pips basing on your risking appetite and capital structure , since market ,anipulates sometimes )
# basing on pure price action.Goodluck fam
BUYING IDEA FOR NZDJPY USDCAD
BUY LIMIT @88.562
ESTIMATED TP3 @90.417 ,180 pips
ESTIMATED TP 2 @89.635 ,135 pips
ESTIMATED TP 1 @89.087 , 50 pips
ESTIMATED STOP LOSS @88.407(pips 14 stop loss , risk what you can afford , you may extend your stop loss up to 50 pips basing on your risking appetite and capital structure , since market ,manipulates sometimes )
# basing on pure price action .Good luck fam
USE SMALL LOT SIZE ITS A LONG TERM TRADE
NZDJPY: Time To Rise AgainNZDJPY: Time To Rise Again
During the last 6 days, the price created a strong support zone near 0.8925
The fact that the BOJ did nothing to support its economy during the monetary policy meeting is not helping the JPY to strengthen.
NZDJPY on the other hand faced a strong support area near 0.8925 showing very strong buying interest, despite the ugly shape that the price went down in that area.
NZDJPY is likely to rise further these days.
However, we must be careful during the holiday season.
Stochastic is still showing a bullish continuation move as it has not yet reached the overbought zone.
Thanks and good luck!
✅NZD_JPY LOCAL REBOUND|LONG🚀
✅NZD_JPY has retested a key support level of 89.400
And as the pair is already making a bullish rebound
A move up to retest the supply level above at 90.059 is likely
LONG🚀
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NZDJPY Pump and dump in action.The NZDJPY pair is trading within a Channel Up pattern using the 1D MA50 (blue trend-line) as a pivot point as of late. We can see a diverging (dotted) Channel Up that has priced the recent Higher Highs as well as being supported by the 1D MA200 (orange trend-line).
The 1D RSI has rebounded on the 39.90 Support level, which is where the last two Higher Lows has been priced, while the 1D MACD just formed a Bullish Cross. This is a buy signal and our target is the top (Higher Highs trend-line) of the dotted Channel Up at 91.800. We are waiting for a sell after the 1D RSI gets rejected near the 73.40 Resistance, and we will target the bottom of the longer term Channel Up at 88.900.
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NZDJPY LONG POSITIONCurrency: NZDJPY
LONG position
Entry : 89.816
Sl : 89.721
Tp1 : 90.025
Tp2 it's on you
R/R ~ 2.2
#B25
NZDJPY H4 | Potential bearish breakoutThe price of NZDJPY could continue with the downtrend and breakout of the sell entry and reverse to the take profit level.
Sell entry is at 90.081 which is an overlap support.
Stop loss is at 90.416, which is an overlap resistance.
Take profit is at 89.215, which is the overlap support that aligns with the 0.618 Fibonacci projection level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
NZDJPY Will Go Higher From Support! Buy!
Here is our detailed technical review for NZDJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 89.663.
The above observations make me that the market will inevitably achieve 91.001 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NZDJPYNZDJPY was trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 91.50
What you guys think of this idea?
NZD-JPY Risky Long! Buy!
Hello,Traders!
NZD-JPY is already making
A rebound from the horizontal
Support level of 89.31
So I believe we will
See a further move up
Buy!
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Leveraging Bullish Trend Lines for Long-Term Trades!NZDJPY showcases a compelling Bullish Trendline on the Weekly chart, indicating a bullish trajectory.
Zooming into the Daily Chart, I've spotted a potential Bullish Shark Pattern awaiting completion at 87.33. This presents a promising combo trade opportunity, aligning with the long-term bullish trend indicated by the Weekly chart.
What are your insights or trade plans for NZDJPY? Feel free to share below!
NZDJPYThe price entered the correction phase after hitting the weekly supply area.
We can expect price correction from the daily supply area, which is located in the heart of the weekly area, to the weekly demand area.
In the demand area, we have a strong weekly support along with long-term trend line support, where we can expect a deeper correction if the support is lost.
We do not predict. We will re-examine the price action if support is reached.
nzdjpyWe are waiting to see how the correlation with other pairs with the JPY comes into play and this asset begins to fall. We have the order programmed with a fairly large take profit, so we will secure the operation when the asset has moved more or less half. We will let you know.
Trade report of 22-12Action:
CHFJPY: a buy range entered at 166,500 with a target of 170.5.
NZDJPY : buy range entered at 90.0 with target 91,623
News:
The British economy shrank in the third quarter, according to a negative adjustment. This increases the chance of a recession. An earlier estimate assumed that gross domestic product would have remained unchanged in the third quarter. That was expected again.
The previous growth figure of 0.2% in the second quarter has also been reduced. According to the new figures from the British statistical agency ONS, there was no growth in that quarter.
The negative adjustment means the British economy is heading for a technical recession – two quarters of contraction in a row – or an even longer downturn. In October the economy already shrank by 0.3% compared to the previous month. This would mean that this loss would have to be made up in the remaining two months. That is not possible in the manufacturing industry. The purchasing managers index for the services sector did show growth in November and December.
The personal consumption expenditure price index turned out to be more favorable than previously thought. A price increase of 2.8% was expected compared to November last year, but the increase amounted to 2.6%. In October it was still 3%. This means that inflation is once again weakening more than expected. The so-called core PCE also fell more than expected by 3.2% compared to an expected 3.3%. Compared to a month earlier, this core inflation - adjusted for volatile energy and food prices - amounted to 0.1%. That is better than the 0.2% that was expected and equal to the percentage from a month earlier.
The better-than-expected inflation figures are favorable for the financial markets, which have recently strongly anticipated interest rate cuts in 2024. If inflation falls further, there will be room for a lower policy interest rate, for example if economic conditions deteriorate.
It is the sixth month in a row that core inflation in the United States has fallen below 4% and it is not the first time that it has fallen more than expected. The peak of the middle of last year is very clearly behind us.
