Trade Summary
Type: Sell Limit
Entry: 85.29
Stop Loss: 86.97
Target: 79.82
Risk/Reward Ratio: ~3.4:1
Duration: Medium-Term Swing
Technical View
Seasonal Insight
From April 29 – May 19, NZDJPY has declined in 57.14% of the past 36 years, with an average drop of 0.99%.
This seasonal tendency supports the short bias for the next few weeks.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Type: Sell Limit
Entry: 85.29
Stop Loss: 86.97
Target: 79.82
Risk/Reward Ratio: ~3.4:1
Duration: Medium-Term Swing
Technical View
- The broader trend remains bearish, with price consistently making lower highs.
- NZDJPY rejected the downtrend resistance line, confirming continued seller control.
- Yesterday’s sharp sell-off adds weight to the bearish view, and today’s mild bounce presents an opportunity to sell into strength.
- Targeting a return to the reaction low at 79.82, last seen in early April.
Seasonal Insight
From April 29 – May 19, NZDJPY has declined in 57.14% of the past 36 years, with an average drop of 0.99%.
This seasonal tendency supports the short bias for the next few weeks.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.