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NZDJPY trade ideas

NZDJPY Is Showing Weakness after RBNZ Kept Rates UnchangedNZDJPY Is Showing Weakness after RBNZ Kept Rates Unchanged 🚨RBNZ kept the interest rate steady at 5.50%, as expected. After this decision, NZDJPY faced a strong sell-off and appreciated by nearly 88 pips NZDJPY also confirmed a bearish wedge pattern showing further downward movement. However, as I explained previously selling XXXJPY pairs carries a high level of risk. They will begin the bearish wave only when BOJ intervenes in the market. But with the current data, this is what NZDJPY is showing...a small bearish move. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
10
Sell AnalysisNZD/JPY Sell Analysis Trade Idea: Sell NZD/JPY Entry: 98.400 1st Take Profit: Up to 97.500 2nd Take Profit: Up to 96.200 Rationale: Technical Analysis: NZD/JPY has faced resistance near the 98.400 level, indicating potential for a downward movement. Bearish Momentum: Recent price action suggests a decline from recent highs, supporting a bearish bias. Long-Term View: This trade reflects a broader bearish outlook on NZD/JPY, considering both technical indicators and market sentiment. Risk Management: Implement a well-defined risk management strategy, including stop-loss orders, to mitigate potential losses in volatile market conditions. Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.
Short
by GODOCM
NZDJPY What Next? BUY! My dear friends, Please, find my technical outlook for NZDJPY below: The instrument tests an important psychological level 98.272 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 98.598 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
NZDJPY Sell signal at the top of the Channel Up.The NZDJPY has been trading within a Channel Up pattern since the March 24 2023 bottom and today just made contact with its top (Higher Highs trend-line). We expect a strong rejection, similar to July 05 2023 that pulled-back all the way to the 0.5 Fibonacci retracement level and the 1D MA100 (green trend-line). As a result, we treat today's rejection as a strong sell opportunity. Our Target is 95.580 (Fib 0.382). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
NZDJPY - BUYNZD very strong Interest rate announcement coming out in 35 mins Looks like they all banking on a 0.25% rise or stay the same which is also Bullish. Inflation YOY and Interest Rates % USD : 3.27- 5.50 NZD : 4.0 - 5.50 GBP : 2.0 - 5.25 CAD : 2.9 - 4.75 AUD : 3.6 - 4.35 EUR : 2.5 - 4.25 CHF : 1.1 - 1.25 JPY : 2.8 - 0.10 Looks like if any Country should be raising rates just looking at the numbers above NZ should and could still raise rates 0.25 to try and put the nail in the coffin. It will never stop never has and raising rates won't even stop that, probably make it worse because of borrowing cost for businesses any excuse or chance to raise prices or shrink product size they do and then people still want need more in their wage packet, omg! Retail sales are down each month ticked up last month Building Consents drastic decline Unemployment rate is up from 3.2 to 4 since 2022 Electronic card Spending is dropping on monthly basis (People are getting poorer) Purchasing managers has 14th month of contraction in a row Orders are down also People paying Mortgaes will not be happy either how much more can NZ'ers take the NZ Government need to put a Price Freeze on Goods only to reduce the profit of the main profit-making companies in NZ they will not do it themselves so it needs to be LAW. That is my recommendation NZ Government do it Now ! : )
Long
by NZ_Shareman
NZDJPY Long SetupNZDJPY Long Setup Currency Pair: New Zealand Dollar (NZD) / Japanese Yen (JPY) Timeframe: 4-hour (4H) Current Price: 98.524 Setup Rationale: Support Zone: The price has approached a key support zone between 98.317 and 98.202. This zone has previously acted as a strong support level, providing a good buying opportunity. Bullish Candlestick Patterns: There are signs of bullish candlestick patterns forming near the support zone, indicating potential buying pressure and reversal. Risk-Reward Ratio: The highlighted region shows a favorable risk-reward ratio, with the potential upside significantly outweighing the downside risk. Entry: Ideal Entry Point: Around 98.317, within the support zone. Alternative Entry Point: A breakout above the immediate resistance at 98.868 could also provide a confirmation for a long position. Stop Loss Placement: Just below the support zone at 98.202 to minimize risk. Take Profit: Initial Target: Around 99.000, where previous resistance levels are observed. Secondary Target : Near 99.300, allowing for potential extended gains if the upward momentum continues. Trade Management: Monitor price action closely within the support zone for any signs of reversal or continuation. Adjust the stop loss to break even once the price reaches the initial target to secure profits. Consider partial profit-taking at key resistance levels to manage risk. This setup capitalizes on the identified support zone and favorable risk-reward scenario, providing a strategic entry for a long position on the NZDJPY pair.
Long
by HB-Forex_
NZD/JPY H1 Channel BreakoutThe NZD/JPY pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 98.50, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 98.03 2nd Support – 97.80 Stop-Loss: To manage risk, place a stop-loss order above 98.90. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
4
NZDJPY BANK Money Heist Plan in Bullish SideMy Dear Robbers / Traders, This is our master plan to Heist NZDJPY bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Stop Loss : Recent Swing Low using 4h timeframe Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday
Long
by Thief_Trader