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Nzd-jpy

Bearish reversal off the 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 an overlap support. Pivot: 88.22 1st Support: 86.65 1st Resistance: 89.27 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.
Short
by ICmarkets
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.
Short
by ICmarkets
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.
Short
by ICmarkets
NZD/JPY: A Potential Reversal in the MakingThe NZD/JPY pair has recently caught the attention of traders following a notable drop to the 83.000 level. This move downwards was met with significant demand pressure, setting the stage for what appears to be a potential reversal. Starting from last Wednesday, the pair has shown signs of recovery, indicating that a bullish trend might be on the horizon. From a Supply and Demand perspective, the dip to 83.000 acted as a critical demand zone, where buyers stepped in to support the price. This zone, which had previously been tested, held firm, suggesting that there is substantial interest in the NZD/JPY at these levels. As the pair began to rise from this support, it confirmed that the demand pressure was strong enough to halt the decline and possibly reverse the trend. Adding to the bullish sentiment is the analysis of the Commitment of Traders (COT) report. The latest data indicates a shift in positioning among large speculators and commercial traders. These market participants, who often have access to more comprehensive market data and insights, appear to be positioning themselves for a potential upward move in the NZD/JPY. This shift in sentiment among key market players further reinforces the likelihood of a reversal. Seasonality also plays a role in our bullish outlook. Historically, certain times of the year have been more favorable for the NZD/JPY pair, with increased demand for the New Zealand dollar during specific seasons. This seasonal trend, combined with the current technical setup and COT data, provides a strong case for considering a long position in the pair. In conclusion, the recent drop in NZD/JPY to the 83.000 level has sparked a potential reversal, supported by strong demand, favorable COT positioning, and seasonal factors. Traders looking to capitalize on this opportunity should consider a long position, keeping a close eye on further developments in the market. ✅ Please share your thoughts about NZD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
Potential bullish rise?NZD/JPY has bounced off the pivot which acts as a pullback support and could rise to the 1st resistance identified as an overlap resistance. Pivot: 87.19 1st Support: 85.45 1st Resistance: 89.94 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.
Long
by ICmarkets
Watch out for BoJ tomorrowThe BoJ will be coming out with its interest rate decision tomorrow. Be careful with your yen positions, if you have any. #nzdjpy FX_IDC:NZDJPY EASYMARKETS:NZDJPY Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.
by easyMarkets
Falling towards pullback support?NZD/JPY is falling towards a support level which is a pullback support and could bounce from this level to our take profit. Entry: 93.53 Why we like it: There is a pullback support level. Stop loss: 92.44 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci retracement. Take profit: 95.10 Why we like it: There is an overlap resistance level which lines up with the 23.6% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
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
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
Sell NZD/JPY Channel BreakoutThe NZD/JPY pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined 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 97.55, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 96.95 2nd Support – 96.53 Stop-Loss: To manage risk, place a stop-loss order above 97.95. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
3
Inflation Concerns and Risk Sentiment: Implications for NZD/JPYAttention Traders, In today's trading session, we are closely monitoring the NZD/JPY pair for a potential buying opportunity around the 96.900 zone. Currently, NZD/JPY is in an uptrend but is undergoing a correction phase as it approaches the key support and resistance area at 96.900. From a fundamental perspective, the Reserve Bank of New Zealand (RBNZ) has shown no intentions of cutting rates, given that inflation remains a significant concern. On the other hand, the Japanese Yen (JPY) continues to underperform against major currencies due to prevailing risk sentiment, maintaining its bearish outlook. Stay vigilant and trade safely. Best regards, Joe
Long
by JoeChampion
NZDJPY - Keeping It Simple!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 NZDJPY has been overall bullish, trading within the flat rising orange channel. 📚 As per my trading style: As #NZDJPY approaches the upper bound of the channel, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
5
Sell NZDJPY Wedge BreakoutThe NZD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge 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 96.70, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 96.17 2nd Support – 95.82 Stop-Loss: To manage risk, place a stop-loss order above 97.20. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
1
Potential bullish rise?NZD/JPY has just broken out of the pivot and could rise to the 1st resistance which aligns with the 161.8% Fibonacci extension. Pivot: 96.75 1st Support: 96.13 1st Resistance: 97.57 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.
Long
by ICmarkets
NZDJPY Approaching the top of 3.5 years Channel Up. Strong sell.The NZDJPY pair is trading on the 4th straight green 1W candle and is approaching the top (Higher Highs trend-line) of the Channel Up pattern that started on November 2020. Even though it may extend to a +9.30% rise (the smallest long-term it had within the pattern), selling now offers excellent Risk/ Reward conditions. Our target is 92.000 (Higher Lows trend-line). ------------------------------------------------------------------------------- ** 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
2
NZDJPY: Channel Up bottom buy.NZDJPY is neutral on its 1D technical outlook (RSI = 54.679, MACD = 0.060, ADX = 31.385) as it trades between the 1D MA50 and the 1D MA100. Despite the neutrality, the price sits at the bottom of the Channel Up pattern, having made its 2nd contact this month. The 1D MACD has been squeezed and is past a Bullish Cross, which has been a buy signal inside this pattern 2 out of 2 times it was formed. Consequently we turn bullish on the medium term aiming at +6.00% profit (TP = 95.500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
2
NZDJPY possible dropAfter price impulsed to the upside to take out previously formed trend line liquidity, it preceded to break structure to the downside to continue with its bearish trend. We see a similar impulse happening that takes out recently formed trend line liquidity. This impulse quickly reverses after tapping into an extreme supply zone that was formed during the bearish push. It then gave us a confirmed change of character on lower time frame. Zooming in, we find that price has currently formed liquidity that it could use to fuel its move further to the downside after filling in some imbalance, taking out our recently formed low and its liquidity.
Short
by BlackTygaTrades
1