Bearish drop off overlap resistance?NZD/JPY is rising towards the pivot which is an overlap resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 88.77
1st Support: 87.77
1st Resistance: 89.46
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 trade ideas
Buy NZD/JPY Wedge BreakoutThe NZD/JPY pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 88.23, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 89.00
2nd Support – 89.45
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
NZD/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
NZD/JPY pair is in the downtrend because previous week’s candle is red, while the price is obviously falling on the 1D timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 90.005 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
NZDJPY - 4hrs ( Sell Trade Target Range 220 PIP ) 🟢 Pair Name :NZD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
------
🟢 Key Technical / Direction ( Short )
———————————
Bearish Break
89.600 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Pattern Break
- inner Down Trend Line
- CHoch ZOne
Bullish Reversal
87.800 Area
Reasons
- Major Turn level / w
- Visible Range Lvn
- Pattern Target
- Fibo Golden Zone
- Quarters Area
NZDJPY Long Term Selling Trading IdeaHello Traders
In This Chart NZDJPY HOURLY Forex Forecast By FOREX PLANET
today NZDJPY analysis 👆
🟢This Chart includes_ (NZDJPY market update)
🟢What is The Next Opportunity on NZDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZDJPY Wave Analysis 2 December 2024
- NZDJPY broke support zone
- Likely to fall to support level 86.75
NZDJPY currency pair recently broke the support zone located between the support level 89.00 and the 38.2% Fibonacci correction of the upward price move from the start of August.
The breakout of this support zone accelerated the active c-wave of the ABC correction 2 from the start of November.
Given the strongly bullish yen sentiment seen today, NZDJPY currency pair can be expected to fall to the next support level 86.75 (former support from September and the target price for the completion of the active ABC correction 2).
NZDJPY ENTRY TRADEOn this Pair, we are anticipating for a BUY REVERSAL, as the JPY has shown us an indication for a WEAKNESS, also on the NZDJPY, price is around a strong DEMAND+ we have a STRONG NEW ZEALAND DOLLAR, we also have a confluence on the LTF as a back-up to the entry trade + a liquid sweep,so if this matches with your Trade Idea, you can join us. Thank You, Update will be given in the UPDATE session.
NZDJPY - BullishBased on the fundamentals, buy side is recommended with proper stoploss.
Fundamental bases are:
Sesonality
Dec 3 - Dec 15 Buy
LEI
Increasing
COTRSI
COT RSI data is mix
Endogenous & Exegenous
Endogenous are stronger of JPY but exogenous factors of NZD are more strongger crearing
buy side bias
Conclusion
All the above factors creating NZDJPY buying side trade
Trade Based
Follow Dow Theory base HH and HL
NZDJPY Downturn Hinges on Key Support LevelsHello,
OANDA:NZDJPY has experienced a downturn, which is likely to continue. Buyers are now stepping in, anticipating that the strong support levels at 88.658 and 88.35 on the 1-hour and 4-hour charts will hold. If these support levels fail, further downside movement is expected.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
NZDJPY might return to the rangeThe fundamental situation for NZDJPY is essentially different from most other pairs with the Kiwi dollar since the Bank of Japan is in a cycle of slow tightening rather than the RBNZ’s relatively aggressive loosening. The probability of a hike by the BoJ on 19 December is now about 60%. Possible new American tariffs on imports would affect both countries, but New Zealand would likely face a much stronger though indirect effect due to its important trade with China.
Although the sideways trend since early October isn’t very well established, the recent downward movement still looks like a fakeout. 27 November’s doji wasn’t followed by a clear down candle and the price is clearly oversold based on Bollinger Bands and the slow stochastic. ¥91 remains the primary reference. A move back above ¥92 seems highly unfavourable in the near future but volume and volatility probably need to increase before there’s another test of the strong support around ¥86.50.
This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.
NZD/JPY forming ABC before dropTwo possible situation to trade. I prefer another up to form a nice ABC pattern, before it drops to 1.272 or 1.414 area.
Daily trend is breaks and heading to down, now in consolidation situation. For now i believe another up trend to form higher C leg before it heading down. Let see and have fun.
NZD JPY may enter into a bullish phaseNZD JPY may enter into a bullish phase
Seasonal trends indicate a bullish outlook for NZD/JPY; however, the COT report for non-commercial positions does not align with this view, showing a potential shift in sentiment. Despite this, NZD exhibits stronger endogenous positive factors compared to JPY, reinforcing a bullish bias for the NZD. Key drivers include improvements in business confidence, manufacturing, and services data, which collectively strengthen NZD's position.
NZDJPY SHORT Market Structure Bearish on HTFs DH
Entry At both Daily And Weekly AOi
Weekly Rejection at AOi
Weekly EMA retest
Daily Rejection At AOi
Previous Structure point Daily
Around Psychological Level 91.000
H4 EMA retest
H4 Candlestick rejection
Levels 7.15
Entry 100%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
NZDJPY: Important Breakout 🇳🇿🇯🇵
NZDJPY broke and closed below a support line of a wide horizontal
parallel channel on a daily.
The broken structure turned into resistance now.
With a high probability, the market will continue falling
and reach 88.7 level soon.
❤️Please, support my work with like, thank you!❤️