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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 85.25 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 90.00 level. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK.
by benny_marshall
NZDJPY - Potential Bearish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart As per my last analysis, we know that NZDJPY is around a resistance zone so we will be looking for sell setups. on H4: Right Chart USDJPY is forming a head and shoulders pattern but it is not ready to go yet. Trigger => for the bears to take over, we need a momentum candle close below the gray neckline. Meanwhile, until the sell is activated, NZDJPY can still trade trade or even break the resistance zone. 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
2
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 85.25 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 90.00 level. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK. nzdjpy
by benny_marshall
NZDJPY: BEARISH Market Analysis! Looking for REVERSEHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the NZDJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: This market has been correcting since a while, bouncing on an important HTF level and leaving impulsively a LTF structure (rising wedge). Eventually, it was not able to form a further bearish price action and it started consolidating creating a deeper flag, which is still a potential bearish pattern considering the overall general momentum. When, where and why would we step into the market? Until the price will move inside the LTF flag, without taking out the previous swing high, our bias will stay quite bearish, according also with other JPY pairs. Before entering short on this market, we will be waiting and watching if the it will lose momentum around the resistance level and/or (for moderate traders), if it will be able to break down, and correct after the breakout . If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
16
InvestMate|NZD/JPY So what, are we falling?🥝🥝NZD/JPY So what, are we falling? 🥝As I have written in previous post featuring the Japanese yen pairs that we are ready to fall. 🥝That will also be the case this time. 🥝There is an interesting situation ahead, on the New Zealand dollar we are preparing for a strong downward correction coupled with the long-term uptrend on the Japanese yen that has started. A strong downward wave is in front of us. 🥝We are currently at a resistance zone that has been respected for months. The price has repeatedly struggled to break through these levels. 🥝The most significant support zones will be two zones. 🥝 The first determined by the cluster of the fibo level 0.382 of the entire upward wave and the outer fibo level 1.272 measuring the last upward impulse. 🥝The second based on a cluster of the 0.5 level of the entire upward wave and the outer fibo level 1.618 measuring the last upward impulse. 🥝The scenario I am playing out is to expect a strong wave of strengthening of the Japanese Yen against the New Zealand Dollar heading into support zones not excluding minor corrections along the way. 🥝*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
10