NZDJPY - Important BreakoutHello Traders !
On the daily time frame,
The NZDJPY formed a rectangle pattern.
At the moment, The support level is broken !
So, I expect a bearish move 📉
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TARGET: 87.350🎯
NZDJPY trade ideas
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 double top has completed. Intraday Update: Double top completion. We are trading at the 50% retracement, and don't be surprised if there is some consolidation near the 87.70's now as the intraday RSI's have reached oversold.
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 ShortThe Previuos Day Low has been taken out. In this regards the Sell side liquidity has been taken our. Waiting for the pair to rest the Fair value gap in order to continue selling.
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.
NZDJPY_LONG OPPORTUNITYNZDJPY is showing Bullish Bias based upon the factors mentioned in the chart Fundamentally & Technically.
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.
Swing Trade Opportunity Amid Market Volatility: Volume & COT The Volume and COT reports suggest a promising potential for a swing trade this week, even amid the recent market volatility driven by political uncertainty
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.
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NZDJPY ENTRY V48The Volume and COT reports look promising, highlighting a potential swing trade opportunity for the week despite recent market turbulence from political uncertainty. I’ll attempt a long here but will proceed cautiously, considering the RBNZ Press Conference is just a few minutes away. I might hold off and scale in afterward, depending on how the market reacts.
NZDJPY: Support and Bullish Divergence at 30 MinutesNZD/JPY is currently finding support and has formed a bullish divergence on the 30-minute chart. This setup suggests potential upward momentum.
short NZDJPY breaking the support levelAfter failing to stay about the support level, nzdjpy has shown weakness by breaking the major support and starting to create lower low and lower high that indicate yen strength over the kiwi.
NZDJPY is gradually entering into bullish phaseafter a strong bullish trend price dropped for some time and now the trend is giving signals for a decent bullish rally
Bearish drop?NZD/JPY is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as an overlap support.
Pivot: 90.05
1st Support: 88.75
1st Resistance: 91.15
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