NZD/JPYNZD/JPY analysis is approaching selling areas. I see it as a good opportunity to sell, even though the general trend is bearishShortby KechFx3
Technical Analysis & Trading StrategiesIn the upcoming week, the spotlight might be on NZDJPY, particularly for those who lean towards structure-based trading methods. In this scenario, we marry technical analysis with the art of trading. Observations: A keen eye at the support level reveals an ABCD pattern checkback on the 4-hourly chart, situated at 86.84. For Fib-3 Bat enthusiasts, a buying opportunity may materialize on the 1-hourly chart. Now, the pivotal question: What would be your approach to NZDJPY? Your insights matter. Please share your perspective below!Longby RaynLim1
NZDJPYTrading at a very interesting level. Bank of Japan ( BoJ ) meeting this Monday. Things could turn very positive for the Kiwi dollar. Check the link below for more ideasLongby TRADINGWITHZION333
NZDJPY - Bearish Double TOP 📉Hi Traders ! On The Daily Time Frame: -The NZDJPY Reached a Resistance Level (89.619 - 90.202) -The Price Formed a Double TOP Pattern. Currently, We have a Bearish Scenario 📉 If The Market Breaks The Neckline and Closes Below That, We Will See a Bearish Move ! ----------- TARGET: 86.120🎯 ___________ if you agree with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!Shortby Hsan_BenAhmedUpdated 9913
NZDJPY: Back at strong supportLooking at this pair I'm expecting another bounce from support, I'm cautious as not overly confident in New Zealand Dollar out-performance in the coming weeks, but I'm still seeing the Yen struggling against many crosses. I think we'll be into a sideways movement for the next few sessions and so for this week I'm looking for a signal on the LTF to go long.Longby FinchcliffeUpdated 116
Potential Reversal Play on NZDJPYObserved a reversal and channel break on NZDJPY. It's a bit too early to tell at the moment given that I haven't seen anything structural over on the weekly timeframe. But, getting in early does help ensure a high R:R if this trend holds. Over the past two months, I've marked four points of interest: Price breaches previous high formed around mid-June of this year. After a quick pullback, price re-tests the high but fails to sustain. This is where we see the neckline breach as price closes below a prior support level. A range was formed mid-October and Friday's close was a good indication that I should be keeping a close eye on this pair for further downside action next week. Shortby FinancialGamblR0
Will the bank of Japan shift ?There is a lot of uncertainty regarding interest rates in Japan. I personally think that the BOJ will keep the same monetary policy. However, the market maintains its uncertainties and therefore for the moment there is no point in wanting to fight with the market. NZDJPY seems to me a good setup to capitalize on this uncertainty.Shortby UnknownUnicorn48526553Updated 2
Sell projection on NZDJPY.It's expected to fall after forming the double top rejection. i expect it to short to the nearest support level which is 86.775Shortby OmenukoCradder1
NZDJPY @ SupportFundamentals : none Technicals : weekly med. pbs+ ktb daily dps 1st pb of new daily trend 61.8% pb tl support a-b-c down completion cloud supportLongby RocketmanUpdated 0
NZD slides against the Japanese YenThe New Zealand Dollar (NZD) is trading bearish against the Japanese Yen (JPY) at 87.386 on Friday, October 27, 2023, following comments from Japan's Chief Cabinet Secretary Taro Matsuno that the Bank of Japan (BoJ) is expected to conduct appropriate monetary policy. Matsuno's comments come amid rising expectations that the BoJ will eventually tighten monetary policy in response to rising inflation in Japan. The BoJ has been maintaining an ultra-loose monetary policy stance for many years, but this has led to a significant weakening of the JPY in recent months. The NZDJPY currency pair has been under pressure in recent weeks as investors have priced in the possibility of a more hawkish BoJ. The pair has fallen by over 5% since the start of October. The bearish outlook for NZDJPY is further supported by the technical outlook. The pair has broken below a key support level at 88.00, and is now on track to test the next support level at 86.50. Factors Weighing on NZDJPY There are a number of factors weighing on NZDJPY at present, including: Expectations of BoJ tightening: The BoJ is expected to be one of the last major central banks to tighten monetary policy, which is putting downward pressure on the JPY. Rising inflation in Japan: Japan's inflation rate has been rising in recent months, which is putting pressure on the BoJ to tighten monetary policy. Global risk aversion: Global investors are currently risk averse, which is leading to a sell-off in riskier assets such as the NZD. Weak New Zealand economic data: The New Zealand economy has been slowing in recent months, which is weighing on the NZD. Technical Outlook for NZDJPY The technical outlook for NZDJPY is bearish. The pair has broken below a key support level at 88.00, and is now on track to test the next support level at 86.50. If NZDJPY breaks below 86.50, it could fall to 85.00 or even lower. Trading Strategy Traders who are bearish on NZDJPY could consider shorting the pair at current levels. A stop loss could be placed above the recent high at 88.00. A profit target could be placed at 86.50 or 85.00. It is important to note that the foreign exchange market is volatile and prices can move quickly. Traders should always use risk management techniques when trading currencies.Shortby masterclass6182
NZDJPY to find sellers at market?NZDJPY - 24h expiry There is no clear indication that the upward move is coming to an end. A higher correction is expected. Risk/Reward would be poor to call a sell from current levels. A move through 87.00 will confirm the bearish momentum. The measured move target is 86.25. We look to Sell at 87.42 (stop at 87.82) Our profit targets will be 86.42 and 86.22 Resistance: 87.50 / 87.75 / 88.00 Support: 87.00 / 86.50 / 86.25 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Shortby OANDA3
NZDJPY Long sell It's a Long sell as the price broke 88.000 level and it's on its way to 85.000. The market has created a double top and currently retesting it to confirm the down trend analysis.Longby ForexProphetDibax111
NZDJPY Long sellThe 88.000 price has been broken and it's on its way to 85.000. There's a double top formation in H4 and the neckline is also being retested confirming the down trend of the market structure. by ForexProphetDibax2
NZDJPY Long Trade Setup A #long trade opportunity recently presented itself on the #kiwiyen (#NZDJPY) #trading chart 📈. This is indicated by the #bullish harami candlestick 🕯️ pattern on the 86.959 horizontal support level. This indicates a fakeout (false breakout) of the same level, with potential price move in the upward 👆 ⬆️ direction (#buy). Sufficient upward momentum should see price rallying towards the 89.500 psychological level and possibly testing the strength of the 89.789 horizontal resistance level. As always, please apply appropriate risk management. Happy trading! #crosspairLongby charles-okoukoni114
NZDJPY-Bias long Bullish indications: Cup and handle pattern. Resistance has broken. Resistance is broken. Made a new high. Bullish divergence from the trend line support and the support respected. Trade plan bias long @ 88.672 SL:88.223 TP1:89.096 TP2:89.371 Longby gouthamkulal1Updated 0
Nzdjpy long at supportHi, Nzdjpy just rejected from a support area at 87.20 so we expect a move up to the next resistance area at 87.80Longby checkit2Updated 1110