NZD/JPY BUY!There is a bullish divergence on the NZD/JPY, which indicates a possible trend reversal. Consider buying above the previous lower high for confirmation.
NZDJPY trade ideas
NZDJPYWe are in favor of buying New Zealand against the Yen, and to confirm buying it, we wait for the trend to be broken and the trend to be retested, and then it rises to specific targets.
ANTICIPATING TRADING THROUGH MARKET SENTIMENTSNZDJPY pair selected after checking on market sentiments and found it above 90%.Checked following checklist to follow trading strategy:-
1. Bearish trend
2. Bullish Divergence
3. No Continuation pattern
4. Falling wedge bullish reversal pattern
5. Bullish AB=CD harmonics pattern
6. Anticipated that bullish trend is starting, and initiated two trades through buy stop
NZDJPY WILL GO UP!Order block is between 86.411 and 86.279
Entry point :- 86.414
Take profit :-86.805
Stop loss :-86.223
NZDJPY WILL GO UP!Order block is between 86.411 and 86.279
Entry point :- 86.414
Take profit :-86.805
Stop loss :-86.223
Nzdjpy trade idea #nzdcad #nzdjpy #eurusd #xauusdNzdjpy break the trendline and currently taking support from previous level if it give any bullish move then we trade from uper support level after pullback
Why NZD JPY is pulling back & setting up for another run!
NZD JPY broke out today in Thursday Asian currency trading.
But like anything in life......you need to take a breather....before setting up and running again.
We feel it has pulled back to a Fib level to attract more buying & with a tiny bit of luck but probably none required.... it will be on the move again.
Heading into 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 also an overlap support.
Pivot: 88.22
1st Support: 86.65
1st Resistance: 89.17
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 Falling (NZD Weakness)Risk appetite follows JPY strength post US data today.
Traders preferring to get rid of NZD longs, same for AUD.
Would not be surprised if we see further drifts into lows.
NZDJPY 4H bears waterfall..The global economic turmoil has impacted all countries, and New Zealand is no exception. As a result, the nation is experiencing slow growth, which is reflected in a weak NZD. China, one of New Zealand's largest trading partners, contributes to this issue. However, there was some improvement noted in the GDP for the March quarter, which rose by 0.2% compared to the previous quarter. Additionally, with inflation at 3.3%, the RBNZ is in a delicate position, attempting to manage inflation without hindering economic growth. Adjusting interest rates—whether cutting or raising them—will inevitably affect economic stability.
Typically, the JPY strengthens during times of global uncertainty, earning its reputation as a "safe haven." This trend may be contributing to the decline of the NZD, as risk aversion continues to influence the markets.
From a technical perspective, the price has experienced a significant drop from 91.654, resembling a free fall. The EMA (21) has effectively served as dynamic resistance. Currently (20:10 AEST), bulls are attempting to hold their ground, but I do not see any bullish momentum that could alter the price direction significantly. The new support level at 86.638 does not appear robust enough to withstand bearish pressure, although there may be some reaction since the RSI is just above the 30 level and poised to enter the oversold territory.
NZDJPY - Bounce Strategy Post Profit-TakingIntroduction:
I've recently closed a long position on NZDJPY with a solid profit, taking advantage of the Kiwi's strength against the Yen. Now, I'm setting my sights on another potential bounce from current levels, leveraging both fundamental and technical analysis.
Fundamental Analysis:
New Zealand's Economy: Despite global headwinds, NZ's economy has shown resilience. The RBNZ's hawkish stance, driven by robust inflation figures, supports a higher yield environment, which traditionally favors the Kiwi.
Japan's Monetary Policy: The Bank of Japan's (BoJ) ultra-loose policy continues, keeping the Yen under pressure. This divergence in monetary policy could further support NZDJPY.
Technical Analysis:
Support Levels: The pair is currently testing a significant support zone around . This level has historically acted as a bounce point.
Indicators:
RSI is showing signs of oversold conditions, suggesting a potential reversal.
MACD is about to cross, indicating momentum might shift in favor of the bulls.
Fibonacci Retracement: The current price aligns with the 61.8% retracement level from the last major swing high to low.
Strategy Execution:
Entry: I've entered a long position at , right at the confluence of the support zone and technical indicators.
Stop Loss: Placed just below the recent swing low at to manage risk effectively. This level also coincides with a psychological round number, adding to its significance.
Take Profit: My primary target is set at , which aligns with the next resistance level and a previous high. However, I'll also look for partial exits at if the move is swift, securing profits while leaving room for further upside.
Risk Management:
Position Size: I've sized this trade to ensure that my risk per trade doesn't exceed 1% of my trading capital, adhering to strict risk management principles.
Pyramiding: If the price moves in my favour and hits , I plan to add to my position, averaging up with a smaller lot size.
Market Sentiment:
Global Risk Sentiment: NZDJPY often acts as a proxy for risk appetite. With global markets showing signs of recovery, this could further bolster the pair.
Geopolitical Events: Keeping an eye on any unexpected geopolitical developments that could impact market sentiment.
Conclusion:
This trade setup on NZDJPY leverages a confluence of fundamental strength, technical support, and market sentiment. While no trade is without risk, the setup's alignment with multiple factors makes it an attractive opportunity. I'll be monitoring economic releases from both NZ and Japan closely, ready to adjust my strategy as needed.
Remember to replace placeholders with actual price levels, technical indicators, or economic data relevant at the time of posting. This detailed idea not only shares your strategy but also provides insights into your thought process, which can be valuable for other traders looking for similar setups or learning from your approach.
NZD/JPY BUYERS WILL DOMINATE THE MARKET|LONG
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 12H 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 91.562 area.
✅LIKE AND COMMENT MY IDEAS✅
NZDJPY - Bullish Reversal - Buy OrderThe pair have diverged with rsi and price, and the last LH is about to break. We place the bUY stop at a margin with the last LH to make the trade intact. The trade plan is set, let's hope we get-in and make profit!
NZDJPY bullishFalling Wedge
Bullish Divergence
Double Bottom
Buy Stop above last LH
SL below last LL
NZDJPYNZDJPY is in accumulation phase.
Bullish divergence also shown in RsI
Market sentiment is also bullish .
we wait and watch for the breakout of last LH.
NZDJPY BEARISH TRADE ?!NZDJPY is currently on a very strong bearish trend and we just broke our previous support, making it a strong resistance level with a retest. Now we wait for more CONFIRMATIONS to take the trade to the downside, as we can see the market is pulling back to our Resistance Area ‼️..
TRADE SAFE USE PROPER RISK MANAGEMENT‼️‼️
Heading into 38.2% Fibonacci resistance?NZD/JPY is rising towards the pivot and could reverse to the 38.2% Fibonacci support.
Pivot: 89.88
1st Support: 88.23
1st Resistance: 91.03
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.
NZDJPYWhat are the odds that this pair will drop to last week low of 95.000. we have an Order block at the current market price therefore We join the market at the current Market rate.
NZDJPY Expected Growth! BUY!
My dear friends,
NZDJPY looks like it will make a good move, and here are the details:
The market is trading on 89.069 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 89.884
Recommended Stop Loss - 88.645
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
NZD/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
It makes sense for us to go long on NZD/JPY right now from the support line below with the target of 91.404 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
✅LIKE AND COMMENT MY IDEAS✅
