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Nzdjpy!!

Will NZDJPY find support at market price?NZDJPY - 19h expiry - We look to Buy at 81.75 (stop at 81.00) Previous support located at 82.00. Previous resistance located at 82.50. Price action has continued to trend strongly lower and has stalled at the previous support near 81.50. Price action looks to be forming a bottom. Dips continue to attract buyers. Our profit targets will be 83.25 and 83.50 Resistance: 82.50 / 83.00 / 83.50 Support: 82.00 / 81.75 / 81.50 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.
Long
by OANDA
Fading into NZDJPY stem dips.NZDJPY - 24h expiry - We look to Buy at 81.50 (stop at 80.95) Previous support located at 81.40. Previous resistance located at 82.00. Price action has stalled at good support levels and currently trades just above here (81.40). Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 82.00 will confirm the bullish momentum. Our profit targets will be 82.90 and 83.20 Resistance: 82.00 / 82.90 / 83.00 Support: 81.40 / 81.00 / 80.75 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Long
by VantageMarkets
Seeking Pips NZDJPY Short again NZD Sell JPY buy longHaving taken our last portion off the table last week during our anticipated low of the week which was made last Friday 16/03/23 we decided to add back half our original position size back at 82.500 early this morning UK time in anticipation of price trading below last Fridays low made on 17/03/23 We are initially targeting last weeks low. The low of the year made in the first trading week looks like a good target too. Also although our SL stop loss level on this trade is smaller and lower around 150pips from our initial trade thesis we do not plan on exiting this one early if price does end up trading above the daily high put in so far today, by adding only half of our original position size from last week we are using initial profits from last weeks trade. We will consider a reentry higher if a signal develops again later in the week. If that low fails and price doesn't reject it NZDJPY could really look to flush out. We remain BULLISH on JPY and so are looking at any weaker currency's to short against it. ======================================================================================================================= PLEASE DO SUBSCRIBE IF YOU APPRECHIATE THE WORK THAT WE SHARE ON THIS PLATFORM =======================================================================================================================
Short
by seekingpips
1
NZD/JPY strong sell off after M Formation -Thanks to Smart MoneyInitially, NZD/JPY formed an Ascending triangle. We had 1 Confirmed break above, showing upside was coming. However, it was a fake out and a shakeout. Fakeout in a way that it spooked the buyers as the price went out. Shakeout as in Smart Money came in and sweeped liquidity (Buy side liquidity). This resulted in a major sell off... And so, the M Formation was created. 200>21>7 - Bearish RSI<50 -Bearish Target 79.50 As traders it's our job to swallow our ego and move with the markets when they change trend. There is no place for ego with trading.
Short
by Timonrosso
NZDJPY to correct higher?NZDJPY - 24h expiry - We look to Buy a break of 82.50 (stop at 81.75) Previous support located at 82.00. Previous resistance located at 82.50. The selloff is close to an exhaustion count on the intraday chart. We expect a reversal in this move. A move through 82.50 will confirm the bullish momentum. Our profit targets will be 84.00 and 84.50 Resistance: 83.00 / 84.00 / 84.50 Support: 82.00 / 81.75 / 81.50 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.
Long
by OANDA
NZDJPY Potential downsidesHey Traders, NZDJPY was trading in an uptrend and then we had a massive breakout due to JPY strength. the environment in the Forex market is dangerous due to the current sentiments, all central banks are expected to hike rates. so in this type of environments the market consider the safe havens including CHF and JPY. and that's the reason of NZDJPY breakout. Technically we have noticed a breakout on the uptrend so we will consider a potential short opportunity around 82 supply and demand zone at the retrace area. Trade safe, Joe.
Short
by JoeChampion
10
NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS#NZDJPY By now MARKET RISK is ON. 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. NZD CPI DATA is also very high. LABOR DATA is also very POSITIVE for NZD. JPY may be somewhat WEAK in the next few days. However, NZDJPY should be slightly BUY with upcoming JPY WEAKNESS. Anyway, if the PRICE falls back on the NZDJPY MAIN SUPPORT LINE, you can BUY if the MARKET RISK ON continues. And 81.79 LEVEL can be SELL temporarily. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF. After that, you can definitely BUY at the 89.50 level. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK.
by benny_marshall
1