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Nzdjpy!!

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. Either way, NZDJPY should be slightly BUY with JPY WEAKNESS. Anyway, the PRICE can SELL again on the NZDJPY MAIN SUPPORT, if the MARKET RISK OFF continues, to the 84.26 LEVEL. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF. After that, you can definitely BUY at 87.71 LEVEL. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK. Besides, the USD should be WEAK. If the MAIN STRUCTURE is BREAK, you can SELL at 80.69 LEVEL. nzdjpy
by benny_marshall
NZD/JPY: Day Trading Analysis With Volume Profile 📊 On NZD/JPY is nice to see strong sell-off from the price 85.85 , there are nice to see strong volume area.... Where is lot of contract accumulated... I thing that sellers from this area will be defend this short position... and when the price come back to this area, strong sellers will be push down the market again... Strong S/R zone from the past + Downtrend + Strong volume area is my mainly reason for this short trade.... Happy trading Dale
by Trader_Dale
NZDJPY - 4hrs ( Buy Trade Target Range 400 PIP ) 💲Pair Name : NZD/JPY 🗨Time Frame : 4hrs ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / long Side ( ) Type : Mid Term Swing ——————————— Bullish Break 83.500 Area Reasons - Major Turn level - Visible Range Value - Fixed Value Break - Prev Week High Break - Inner Trend Break Bearish Reversal 87.500 Area Reasons - Major Turn level - Pattern Target - Major Channel Upper Band - Fibo Golden zone - Prev Quarter High
Long
by GoldenEngine
InvestMate|NZD/JPY Kiwi rallies to break outNZD/JPY Kiwi rallies to break out. 🇳🇿 The NZD has been in a downtrend with a number of currencies for some time, on the chart with the yen we can see the accumulation since March this year. 🇳🇿 Looking at the data coming out of the economy. 🇳🇿 Unemployment one of the lowest on record at 3.3% 🇳🇿 Inflation at 7.2% Not the worst. We can see that it has been slowing down over the last few months. 🇳🇿 Interest rates 3.5% with projected increases to 4% during next decision. 🇳🇿 Consumer confidence index slowly rising currently at -42.7% not too bad but the market was expecting a better result. 🇳🇿 As we can see the economic situation in New Zealand is not the worst. It definitely has the potential to perform well in the coming months. 💴In Japan, no change. 💴Unemployment Rate low at 2.5% 💴Inflation low 3%. Japan is one of those countries that has not been hit by Inflation as much as Europe and the USA. 💴Interest rates at -0.1%. Still negative from 2016. Hence these falls in the Yen. When other countries raise rates causing their currencies to strengthen, their strength against the Yen increase. 💴For now, there are no increases on the horizon. The Bank of Japan says it has no intention of changing its monetary policy. 💴But the government doesn't want the Japanese Yen so cheap either, hence in recent days we have seen sharp falls which were interventions to stop the Yen weakening sharply against other currencies. 💴I don't think this will stop investors from pushing prices up again. 💴 Looking at the situation of both currencies, I don't think anything has changed in the current up trend over the months. The only threat could be unexpected monetary interventions to strengthen the Yen. Turning to the chart. 📈 Since 11 October, we have started again to attempt to break through the strong resistance line we are currently at. The move down to the 81 levels looked like a final attempt to see how much the Yen could be strengthened but on a reversal on the kiwi we recorded a double bottom followed by a sharp breakout. 📈 Moving to the 1H chart we see a slight jerking of the price in recent days which was caused by monetary interventions on the Japanese yen. 📈 As you can see this has not been very impressive when compared to the New Zealand dollar. 📈Transforming to the monthly chart and measuring the two largest downward waves using the fibo grid, we can see why the price just had so much trouble breaking through the 0.786 zone. We are on a cluster of two 0.786 fibo levels. 📈Using statistics, the more attempts to attack a level, the greater the attempt to break it out. 📈 The final test of strength will come at the 93.4 levels where the strongest resistance line in the history of this currency pair is located. 📈 Given that we are still in an uptrend I would be tempted to play for a breakout of the nearest resistance line, which we have been fighting since March this year. 📈 The situation could look like on the posted chart with one more attempt to test this resistance line this time from the top. Setting a stop below the current weekly candle and targeting the biggest resistance on the pair at the level of 93 gives us an excellent profit/risk ratio of 5.1 🚀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.🚀
Long
by InvestMate
6
Playing with NZDJPY support levels.NZDJPY - 22h expiry - We look to Buy at 84.60 (stop at 83.95) Previous support located at 85.00. Previous resistance located at 85.50. Further upside is expected although we prefer to set longs at our bespoke support levels at 84.60, resulting in improved risk/reward. A move through 85.50 will confirm the bullish momentum. Our profit targets will be 86.10 and 86.25 Resistance: 85.50 / 86.00 / 86.25 Support: 85.00 / 84.60 / 84.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Long
by Saxo
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. Either way, NZDJPY should be slightly BUY with JPY WEAKNESS. Anyway, the PRICE can SELL again on the NZDJPY MAIN SUPPORT, if the MARKET RISK ON continues, to the 88.50 LEVEL. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF. After that, you can definitely buy at the 88.50 level. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK. Besides, the USD should be WEAK. If the MAIN STRUCTURE is broken, it can be SELL at 79.56 LEVEL.
by benny_marshall
1
WHO is buying YEN ?The obvious answer is the Bank of Japan. Read here , here and here From the weekly chart , you can see an obvious trend- ONE WAY UP for all major pairs trading against the YEN. The answer is simple. You would want to buy the currencies that offer you a higher rate of returns as rewards thus USDJPY is the most preferred currency pair amongst all others. On average, we are talking about a 50% return since March 2020. I believe so long as the US dollar remains strong and interest rates for next year continue to go up, YEN weakness remains. So, the party ain't over. Please DYODD
Long
by dchua1969
2