NZD/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are now examining the NZD/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 91.145 level.
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NZDJPY trade ideas
NZDJPY TRADE SETUP✅Pair Name: NZDJPY
✔ Classic bullish formation
NZDJPY is holding continuous up trend so after market retracement I can take buy entry. If your analysis matches it take a trade otherwise skip the trade.
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NZDJPY for new week bullish expectations
NZDJPY after BoJ is rise rates, we are have strong bearish trend in last periods from 12.7 till 5.8.
In last periods we are saw USD weakened and we are can see JPY is start stagnating. In the meantime ASCENDING CHANNEL is be created and on 28.8 price is make break of same.
And in next day 29.9 price is break and crucial zone (90.500), zone is fresh breaked, bullish trend is not make to much here and for new week still expecting here bullish push till next zone.
TP1: 93.000 (160)
TP2: 94.000 (260)
All best, here for comments, stay tuned!
NZDJPY: The Case for Shorts – Key Fundamentals and TimingThe New Zealand Dollar to Japanese Yen (NZDJPY) pair is currently showing bearish potential due to several key fundamental factors. Japan's upcoming fiscal year 2024/2025 wage negotiation results, expected on March 15, could strengthen the yen if wage increases meet or exceed expectations.
Additionally, the Bank of Japan's monetary policy decision on March 19 may signal a shift away from negative interest rates, potentially boosting the yen.
Meanwhile, New Zealand's economy faces headwinds from a cooling housing market and slowing global demand for its exports. The yield premium of New Zealand bonds over Japanese bonds has been shrinking, reducing the attractiveness of holding NZD.
My overall bias for NZDJPY is bearish based on these factors.
I'll be using probability-based analysis to determine optimal entry points.
Currently, I'm waiting for the probability of a bearish move to exceed 50% before considering an entry.
12M:
1D:
Hourly timeframes:
Please feel free to share your ideas and comment below!
NZD/JPY: Poised at Rising Wedge, Awaiting Breakout➡ Poised at a rising wedge, indicating potential for breakout on either side
➡ Resistance levels to watch: 91.52
➡ Support levels: 85.39 and 83.04
This currency pair is currently in a rising wedge formation, a pattern that typically suggests forthcoming volatility with a possible breakout. Traders should closely monitor these levels to anticipate the next significant move.
NZD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
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NZD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 89.810 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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NZDJPY- Nice break out FxWirePro- NZDJPY trade idea
NZDJPY trades neutral with positive bias yesterday. It hits a high of 90.31 and is currently trading around 90.15.
Technicals-
The pair is trading above 34- and 55 EMA in the hourly chart.
The near-term resistance is around 90.31, a breach above targets 90.82/91.80. The immediate support is at 89.85 any violation below will drag the pair to 89.70/89.10/88.40.
Indicator (hourly chart)
CCI (14)- Bullish (above 100)
CCI (50)- Bullish (above 100)
Average directional movement Index - Bullish. All indicators confirm a bullish trend.
It is good to buy on dips around 90.22-24 with SL around 89.90 for TP of 91.
NZD/JPYSupport and resistance are critical concepts in technical analysis:
1. Support** is a price level where buying interest is strong enough to prevent the price from falling further. It represents a demand zone and is seen as a potential buying opportunity.
2. Resistance** is a price level where selling interest is strong enough to prevent the price from rising further. It represents a supply zone and is seen as a potential selling opportunity.
3. These levels are not fixed prices but rather zones where buying or selling pressure tends to concentrate.
4. Traders use various technical tools to identify support and resistance levels, such as trendlines, moving averages, and chart patterns.
5. Support and resistance levels help traders make decisions about entering or exiting trades, setting stop-loss orders, and managing risk.
6. When a support level is breached, it may become a new resistance level, and vice versa.
7. While support and resistance levels can be reliable indicators, they are not foolproof and should be used in conjunction with other analysis methods.
NZDJPY: Short-Term Risky TradeNZDJPY: Short-Term Risky Trade
Price is rising within an "Ascending Channel Pattern"
The channel's support area proved several times to be strong and pushed the price further.
Every time the price moved up it created new highs.
NZDJPY will likely rise to 90.50 this time in order to develop the pattern further.
You may find more details in the chart!
Thank you and Good Luck!
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BULLISH ON NZDJPYthe previous week's high on the 12th of august has been broken signifying a potential to the upside, on the weekly timeframe, we see an FVG or a big void which needs to be filled, so I am taking advantage of that potential fill to go longs per my technical analysis. My
entry:89.854
sl:89.362
tp:94.519
Also the previous day's high on the 23rd of August has also been broken on the 4hr with a body and closed bullish, entry was based off of external to internal to external liquidity