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JAPANESE YEN / NEW ZEALAND DOLLAR

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JPYNZD trade ideas

Buying NZD/JPY (New Zealand Dollar vs Japanese Yen)OANDA:NZDJPY NZD/JPY: Bulls Hunting in the Land of Samurai and Kiwis! Looking for a chance to grab some pips in the forex market? Take a trip to the land of samurai and kiwis and long NZD/JPY at 90.609 for a potential sweet reversal! Prediction: A break above 90.609 could trigger an upward spiral for NZD/JPY. First target is 91.500, followed by 92.200 - be ready to lock in profits at these levels! Remember: Watch out for the market whales! Stay tuned for economic news and events. Manage your risk wisely. Don't go all-in - enter with a small position size. This is just a suggestion, always do your own research before entering any trade.
Long
by ForexCSP
Is NZDJPY In Falling Wedge, Or Is Something Else Building Up?Looking at the short-term technical picture of EASYMARKETS:NZDJPY , from around mid-March, the pair is trading inside a falling wedge pattern, which tends to be a bullish indication. Additionally, the rate continues to trade above a short-term upside support line drawn from the low of July 2023. Despite these indications to the upside, in order to aim higher, we would like to wait for a violation of the upper side of the aforementioned wedge first. If that happens, we would aim for the 91.21 obstacle, or even for the 92.20 zone, marked by the highest point of March. If the buying doesn't stop there, the next possible target might be at 93.45, which is the current highest point of this year. Alternatively, a break of the lower side of the previously mentioned wedge and a drop below the upside line could attract more sellers into the game. EASYMARKETS:NZDJPY may then travel to the 89.26 obstacle, a break of which could set the stage for a move to the 88.64 level. That level marks the current lowest point of this year. If it fails to provide support and breaks, this move might clear the path to the 87.67 zone, which is the lowest point of December 2023. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.
by easyMarkets
NZDJPY to form a lower high?NZDJPY - 24h expiry The primary trend remains bearish. The sequence for trading is lower lows and highs. Rallies should be capped by yesterday's high. Preferred trade is to sell into rallies. Bespoke resistance is located at 90.60. We look to Sell at 90.60 (stop at 90.84) Our profit targets will be 90.00 and 89.85 Resistance: 90.60 / 90.80 / 91.10 Support: 90.20 / 89.90 / 89.60 Risk Disclaimer 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
NZDJPY Channel Up Buy SignalThe NZDJPY pair is on a Bearish Leg of the long-term Channel Up, below the 1D MA50 (blue trend-line) but above the 1D MA200 (orange trend-line), which is the long-term support. In fact the latter has been holding since June 02 2023. The minimum Bearish Leg decline within this pattern has been -3.77% so having almost completed this fall during the current pull-back, we now turn bullish on this pair, targeting 94.500 (+5.44% rise, which has been the minimum % increase of Bullish Legs within this pattern). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
NZD/JPY Trade Setup: Navigating the Fibonacci SequenceDaily Chart Analysis: The daily timeframe for OANDA:NZDJPY shows a pair trading within an established uptrend, guided by a rising trendline. Recently, we have seen the price retrace to the 0.75 Fibonacci level at 90.679, which may serve as a potential launchpad for the next leg up. Above, an unfulfilled Fair Value Gap (FVG) looms, hinting at a target for bullish price action. 4-Hour Chart Details: The shorter-term 4-hour chart gives us a more granular view of the price hugging the 0.75 Fib level, displaying hesitation within this zone. This consolidation is key to our strategy, as a breakout could indicate the continuation of the upward trajectory. Trade Idea and Levels: Entry Point: We're eyeing the 0.75 Fib level (90.679) for a possible entry, watching for bullish confirmation in the form of a 4-hour candle closing above this zone. Stop Loss: A stop loss could be placed below the trendline and recent swing low at 90.170 to protect from any unexpected reversals. Take Profit: The primary target resides at the next significant FVG around 92.204, with potential to extend gains if bullish momentum persists. The NZD/JPY pair's adherence to Fibonacci levels and FVGs presents a structured approach to catching the next wave. As we wait for confirmation, we keep a close eye on macroeconomic factors that could sway JPY pairs.
Long
by Shyx92
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