NZDJPY TRADE VIEWA reversal trade idea on the NZDJPY,as price has push high to hit a Daily supply,the NEW ZEALAND is currently weak , while we are expecting the YEN to gain strength today,also we have our reversal confluences as an additional edge to this TRADE, though it carries a risk cause of the strength of the YEN, but its a trade to look into, you can add to watch-list if this matches with your VIEW, We will give update on what to do as price continue to unveil itself.
NZDJPY trade ideas
NZD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
NZD/JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 87.871 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the NZD/JPY pair.
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NZD/JPY Short Setup – Trendline Break & Retest - 1:6.5 RRNZD/JPY Short Setup – Trendline Break & Retest
I'm watching the NZD/JPY pair on the 1-hour chart. We've seen a clean break below the ascending trendline, signalling a potential reversal.
I'm looking to enter short on a retest of the broken trendline at 89.590, with a stop loss at 90.100 (-51.4 pips). The setup offers a solid reward-to-risk ratio with multiple take profit levels:
TP1: 88.666 (+92 pips) – where I will move the stop loss to break even.
TP2: 87.580 (+201 pips).
Full TP: 86.273 (+332 pips).
NZD/JPY may rise 67 - 97 pips89.28 is our pivot point.
Our preference
As long as 89.28 is support look for 90.66.
Alternative scenario
Below 89.28, expect 88.76 and 88.45.
Comment
The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 89.53 and 89.20).
Supports and resistances
91.28 **
90.97 *
90.66 **
90.36
89.69 last
89.48
89.28 **
88.76 *
88.45 **
Number of asterisks represents the strength of support and resistance levels.
NZDJPY- Possible bearish setupFVG (Fair Value Gap): There are two highlighted Fair Value Gaps (FVGs) on the chart. These gaps often indicate zones of inefficiency, which price might return to fill before resuming its trend.
Entry Point: The suggested entry point is near 90.999 within the upper FVG. This zone could be where the trader expects price to retrace before continuing the downtrend.
Stop Loss: Placed at 92.162, just above a key resistance zone. This placement suggests the trader is protecting themselves from a move higher if the price breaches the zone.
Take Profit: Positioned at 83.085, targeting a significant downside move based on the assumption that the price will continue its bearish trend after filling the FVG.
Bearish Structure: The white lines indicate an anticipated move where the price might first rise into the FVG before falling toward the take profit level.
This strategy appears to be based on the idea of catching a retracement in a downtrend, using fair value gaps as potential reversal or continuation zones.
Trade Signal for NZDJPY - SELLDear Traders,
We have identified a promising trade setup for the NZDJPY currency pair based on our advanced strategy, EASY Quantum Ai. Here are the details of the signal:
Direction: Sell
Enter Price: 88.947
Take Profit: 88.066
Stop Loss: 89.753
Analysis:
Our forecast indicates a selling opportunity for the NZDJPY currency pair. The justification for this bearish sentiment is driven by several key factors:
1. Technical Indicators: Recent technical analysis shows that NZDJPY is exhibiting bearish signals on multiple timeframes. Key indicators such as the Relative Strength Index (RSI) and Moving Averages (MA) are confirming downward momentum.
2. Economic Factors: Current macroeconomic data from New Zealand and Japan suggest a stronger yen relative to the New Zealand dollar. Japan's economic indicators have shown resilience, while New Zealand faces headwinds in its domestic sectors.
3. Market Sentiment: Investor sentiment analysis indicates an increased risk aversion, leading to a preference for safer currencies like the yen over the kiwi.
With our proprietary EASY Quantum Ai strategy, we are confident in the accuracy and reliability of this forecast. Please ensure to adhere to the recommended entry, take profit, and stop loss levels for optimal risk management.
Stay alert and trade wisely.
Best regards,
Falling towards major overlap support?NZD/JPY is falling towards the pivot which which is an overlap support and could bounce to the 1st resistance.
Pivot: 88.22
1st Support: 87.15
1st Resistance: 90.24
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 The Target Is UP! BUY!
My dear followers,
I analysed this chart on NZDJPY and concluded the following:
The market is trading on 86.858 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 88.100
Safe Stop Loss - 86.123
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NZDJPY - 4hrs ( Buy Trade Target Range 240 PIP ) Pair Name : NZD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Long )
Type : Mid Term Swing
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Bullish Break: 88.100 Area
Reasons:
Major Turn Level
Visible Range HVN
Fixed Range Value
Day/Week High Area
CHoCH Zone
Bearish Reversal: 90.000 Area
Bearish reversal off the 38.2% Fibonacci resistance?NZD/JPY is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which is an overlap support.
Pivot: 88.22
1st Support: 86.65
1st Resistance: 89.27
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: Weak Market & Bearish Continuation
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the NZDJPY pair which is likely to be pushed down by the bears so we will sell!
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NZD/JPY LONG FROM SUPPORT
Hello, Friends!
NZD/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 87.117 area.
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