NZDJPYPrice may be testing the previous high here soon. Macd is losing momentum with bull volume coming back in at a support level. Looking for price to retrace previous high 23% - 61% or greater. Happy trading!
Nzd-jpy
💡Don't miss the great sell opportunity in NZDJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (83.310).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48.
Take Profits:
TP1= @ 81.972
TP2= @ 80.554
TP3= @ 79.500
TP4= @ 77.933
TP5= @ 75.786
SL: Break Above R2
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💡Don't miss the great sell opportunity in NZDJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (83.310).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48.
Take Profits:
TP1= @ 81.972
TP2= @ 80.554
TP3= @ 79.500
TP4= @ 77.933
TP5= @ 75.786
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
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Now, It's your turn !
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ForecastCity English Support Team ❤️
NZD/JPY Are we flying to test 0.618?NZD/JPY Are we flying to test 0.618?
Quick analysis of NZD/JPY
After a massive downward wave and a few days of correction, are we ready to continue the downward trend?
Due to the recent weakness of the nzd and the gradually increasing strength of the jpy I encourage you to observe this pair in the coming days.
Risk-reward ratio around 1 (correct)
NZDJPYLooks like we may be at a resistance level on the 1 hour and monthly timeframe. Price may be exhausting on the 1 hour while the mac d seems like its losing its momentum on the top side. Would love to see the 200 HMA tested here at some point. Looking for 38% or more retracement of the previous low on the 1 hour timeframe. Price has been gaining strength while volume has been declining recently. Let's see how it all plays out.
Selling NZDJPY almost at market.NZDJPY - Intraday - We look to Sell at 82.50 (stop at 83.10)
Previous support located at 82.00.
Previous resistance located at 82.50.
A higher correction is expected.
There is no clear indication that the downward move is coming to an end.
Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 81.00 and 80.75
Resistance: 82.50 / 83.00 / 83.50
Support: 82.00 / 81.50 / 81.00
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.
NZDJPY - Trend-Following Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
NZDJPY is overall bullish trading inside the brown channel, and it is now approaching the lower trendline, so we will be looking for trend-following buy setups.
Moreover, the zone 78.5 - 79.5 is a strong support zone .
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support zone and brown orange trendline. (acting as non-horizontal support)
As per my trading style:
Since NZDJPY is around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom 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
NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS#NZDJPY
NZDJPY should be slightly SELL because the MARKET RISK is off now. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY.
Either way, NZDJPY should be a LONG TERM BUY.
Anyway, the PRICE can go down again on the NZDJPY MAIN SUPPORT, if the MARKET RISK OFF continues, to the 81.48 LEVEL. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF. After that, you can definitely BUY at 86.56 LEVEL. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK. Besides, the USD should be WEAK.
NZDJPY Rebound on the 1D MA200 or break to pre-March levels?The NZDJPY pair has had a massive rejection today on the 1D MA50 (blue trend-line) as the forex market is attempting to digest yesterday's Fed Rate Hike by 0.75 bp for the 3rd straight meeting. The sell-off almost hit and is so far holding the 1D MA200 (orange trend-line), which has been holding since March 02. A break below can test the 1D MA300 (red trend-line) or under conditions, the Higher Lows Zone that started back in July 20 2021.
Before we consider those levels however, as long as the 82.160 Support holds, the long-term action remains to buy the dips, with the obvious target being the 86.830 - 87.910 Resistance Zone. Not only that, but the 1D RSI is close to the oversold 30.000 level which since November 2021 it caused medium to long-term rebounds. The price action since June 15 has strong similarities with that of March - July 2021. As you see then, when the Support broke, the price gradually reached the 1.236 Fibonacci extension, which on the current sequence is 80.800. A break below that, can test the July 2021 Higher Lows zone we discussed about above.
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Playing with previous NZDJPY resistance.NZDJPY - Intraday - We look to Sell at 86.40 (stop at 87.00)
Previous support located at 85.50.
Previous resistance located at 86.00.
Posted a Double Top formation.
Further downside is expected. Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 84.90 and 84.80
Resistance: 86.00 / 86.40 / 87.00
Support: 85.50 / 85.00 / 84.80
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.
NZDJPY Potential downsidesHey traders, in tomorrow's trading session we are monitoring NZDJPY for a selling opportunity around 86.3 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
💵New Zealand Dollar/Japanese Yen 💵 Analyze(Short term)!!!New Zealand Dollar/Japanese Yen is running inside the resistance lines. Also, it can make a Bearish AB=CD Harmonic pattern in my PRZ(Price Reversal Zone).
I expect that New Zealand Dollar/Japanese Yen will go down at least to the Trend line and support zone.
🔅New Zealand Dollar/Japanese Yen Analyze (NZDJPY) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
NZD/JPY Outlook (30 August 2022) The NZDJPY has been trading in a horizontal range with a brief break towards the upside being resisted by the 85.65 price level.
As NZDJPY reverses from the 85.65 level to trade lower, look for price to reach the next key support level at 84.40.
Further downside would require the NZDUSD to weaken significantly, which could be unlikely. If price breaks below 84.40 the next support level beyond that is 83.45
NZDJPY expected to stall near trend line resistanceNZDJPY - Intraday - We look to Sell at 84.91 (stop at 85.31)
Signals are mixed but remain mildly bearish with an short-term timeframe highlighting an exhaustion count. We look for a temporary move higher. Prices expected to stall near trend line resistance. Preferred trade is to sell into rallies. Further downside is expected.
Our profit targets will be 84.01 and 83.80
Resistance: 85.00 / 87.00 / 92.00
Support: 84.00 / 82.00 / 80.00
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.'
NZDJPY: Breakout and Potential retrace shortHey traders, in the coming week we are monitoring NZDJPY for a selling opportunity around 84.8 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
NZDJPY Sell opportunityThe NZDJPY pair has been trading sideways within a Resistance and Support Zone since the June 08 High, using the 1D MA50 (blue trend-line) as the pivot. The longer it does though, the more the MACD on the 1W time-frame is losing momentum and we may see a strong move downwards.
In fact this pattern resembles the March - June 2021 sequence that eventually broke down to the 1D MA200 (orange trend-line) initially and the 1D MA300 (red trend-line) eventually. There is still a Support level at 79.500 but we will be targeting 82.000 and 81.000 in extension on the medium-term.
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NZDJPY SHORTNZDJPY SHORT
Why are we entering?
- Expecting JPY strength and NZD weakness
- Price is approaching our trendline, structure level
- We are currently forming our 335 correction
What are we waiting for to happen?
- Rejection of trendline & structure level
- Break of WFB trendline
Entry
SAFE Entry: Rejection of trendline, structure and a break of WFB trendline
Risk Entry 1: Rejection of trendline & structure
Risk Entry 2: Early break of WFB trendline
Once entered, where will our Stoploss be?
- Above the previous high (above 86.85) 30 pips
- Move SL to BE after running 30 pips
Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
- First TP - Previous low: 82.1 (420pips)
- Final TP - Long term target / Structure level : 79.5 (680pips)
NZDJPY:Breakout and Potential retraceHey traders, in today's trading session we are monitoring NZDJPY for a selling opportunity around 85 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
💡Don't miss the great sell opportunity in NZDJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (84.44).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 56.
Take Profits:
TP1= @ 83.14
TP2= @ 82.10
TP3= @ 81.34
TP4= @ 80.55
TP5= @ 79.46
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great sell opportunity in NZDJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (84.44).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 56.
Take Profits:
TP1= @ 83.14
TP2= @ 82.10
TP3= @ 81.34
TP4= @ 80.55
TP5= @ 79.46
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NZDJPY Potential downsidesHey traders, in today's trading session we are monitoring NZDJPY for a selling opportunity around 84.9 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
NZDJPY on a bearish move? 🦐NZDJPY on the daily chart is currently testing the weekly support after a few rejections by the strong descending trendline at the highs.
The market right bounce today to the upside to gain the strength for a break below.
How can i approach this scenario?
I will wait for a potential break of the support area and in that case i will look for a nice short order according to the Plancton's strategy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
