NZDJPY is Approaching The Daily TrendHey Traders, in today's trading session we are monitoring NZDJPY for a selling opportunity around 86.000 zone, NZDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 86.000 support and resistance area.
Trade safe, Joe.
JPYNZD trade ideas
NZD/JPY BEST PLACE TO SELL FROM|SHORT
NZD/JPY SIGNAL
Trade Direction: short
Entry Level: 84.696
Target Level: 82.624
Stop Loss: 86.074
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 8h
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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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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Bullish bounce?NZD/JPY is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 83.52
1st Support: 82.38
1st Resistance: 85.13
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 to continue in the sequence of lower highs?NZDJPY - 24h expiry
The primary trend remains bearish.
The rally is close to a correction count on the daily chart.
The RSI is trending lower.
Bearish divergence is expected to cap gains.
Bespoke resistance is located at 84.50.
Preferred trade is to sell into rallies.
We look to Sell at 84.50 (stop at 85.15)
Our profit targets will be 81.90 and 81.50
Resistance: 85.00 / 85.50 / 86.30
Support: 83.20 / 82.25 / 81.85
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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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NZDJPY The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for NZDJPY below:
The instrument tests an important psychological level 84.401
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 82.960
Recommended Stop Loss - 85.188
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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 SHORT SIGNAL|
✅NZD_JPY went up and
Retested the horizontal
Resistance above around 85.023
So we are locally bearish biased
And we can now take a short
Trade with the TP of 83.645
And the SL of 85.405
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
NZD-JPY Will Fall! Sell!
Hello,Traders!
NZD-JPY went up sharply
But then hit a horizontal
Resistance of 85.069
From where we are already
Seeing a bearish pullback
So we will be expecting
A local bearish move down
Sell!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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.
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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Could the price reverse from here?NZD/JPY us rising towards the pivot an could reverse to the 1st support.
Pivot: 85.30
1st Support: 84.12
1st Resistance: 86.71
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.
Potential bullish rise?NZD/JPY has bounced off the support level which is an overlap support and could rise from this level to our take profit.
Entry: 83.42
Why we like it:
There is an overlap support level.
Stop loss: 82.42
Why we like it:
There is a pullback support level.
Take profit: 85.16
Why we like it:
There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement.
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NZDJPY → Back in range, there's a chance to strengthenFX:NZDJPY is forming a false break of the range support and within the reversal pattern confirms the break of the bearish structure
The fundamental background has been extremely unstable lately and depends on any harsh statements of politicians, mainly related to the trade war.
But, technically, the pair is returning to the range on the background of local market recovery. A false breakdown of the range support is formed.
The break of the bearish structure, the formation of the reversal pattern and the return to the trading range give chances for strengthening of the price. If the bulls hold the defense above 83.7 - 84.2, the currency pair may strengthen to 85.15 - 87.4
Resistance levels: 84.196, 86.15
Support levels: 83.79, 83.31, 82.21
Consolidation above the key support zone may allow the bulls to strengthen the price to the local zone of interest. Global trend is neutral, local trend is upward.
Regards R. Linda!