Sell NZDJPY Channel PatternThe NZD/JPY pair on the M30 timeframe presents a potential selling opportunity due to the presence of a bearish channel pattern.
Sell Entry: Consider entering a short position around the current price of 91.65, positioned near the current price within the channel.
Target Levels: The initial bearish target lies at the 91.15 level, which represents the previous support line within the channel. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the channel, ideally around 91.85. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
NZDJPY
NZDJPY to continue in the downward move?NZDJPY - 24h expiry
Price action looks to be forming a top.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
The rally is close to an exhaustion count on the weekly chart.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Bespoke resistance is located at 91.80.
We look to Sell at 91.80 (stop at 92.12)
Our profit targets will be 91.00 and 90.80
Resistance: 91.80 / 92.10 / 92.40
Support: 91.20 / 90.90 / 90.60
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.
NZD/JPY SHORT FROM RESISTANCE
Hello,Friends!
The BB upper band is nearby so NZD/JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 91.984.
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🇳🇿 NZDJPY 🇯🇵 - Breakthrough of the structure for further groThe currency pair is breaking the structure and preparing for further growth. The target at the moment is the resistance 93.4. The bullish trend, as well as the weak yen favorably influences the New Zealand dollar.
Reasons for further growth:
1) Correction phase ends in an area of strong liquidity
2) False support breakout
3) Consolidation relative to PDH
4) Bullish trend
NZDJPY - Upside move ✅Hello traders!
‼️ This is my perspective on NZDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I expect bullish price action from here as price rejected from support zone. My target is buy side liquidity.
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NZDJPY Is Going Up! Long!
Here is our detailed technical review for NZDJPY.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 91.691.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 92.496 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
NZDJPY: Bullish Continuation & Long Signal
NZDJPY
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy NZDJPY
Entry - 91.665
Stop - 91.297
Take - 92.496
Our Risk - 1%
Start protection of your profits from lower levels
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NZDJPY - 4hrs ( Sell Trade Target Range 120 PIP ) 💵Pair Name NZD/JPY
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🌐 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 / Direction ( Short ) Mid Term
Type : Mid Term Swing
——————————
Bearish Break
92.650 Area
Reasons
- Major Turn level / w
- Fixed Range Hvn Break
- inner Trend Break
- H&S small pattern
- Day + week low break
Bullish Reversal
91.200 area
reasons
- Major Turn level / D
- Pattern Target
- Fibo Golden
- Quarter's Area
- Fixed Range Lvn Area
NZDJPY Long ZoneDon't Forget to click on the follow button to see more Detailed Daily Analysis. Also if you have any questions please do ask them in the comments section!
Here we have our NZDJPY chart.
We have seen volatility on current global tensions across various asset classes. This morning the NZD has fallen Rapidly across the board. From the Long term Downtrend on the NZD we can look for Longs amid the current support we find ourselves at. At highs we can return to shorts.
Look for exit at the eclipse symbol area.
NZDJPY - Follow The Flow 🌊Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NZDJPY has been overall bullish, trading within the rising channel in blue.
Currently, NZDJPY is in a correction phase and it is approaching the lower bound of the channel acting as a non-horizontal support.
Moreover, it is retesting a strong demand zone at 89.5 marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline.
📚 As per my trading style:
As #NZDJPY is around the blue 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
NZD/JPY BULLS ARE STRONG HERE|LONG
Hello,Friends!
NZD/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 2H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 92.585 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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NZDJPYIs NZDJPY exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence, suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 91.500.
What you guys think of it?
NZDJPY H1 | Potential bearish breakoutNZD/JPY is falling towards a potential breakout level and could drop lower from here.
Sell entry is at 92.699 which is a potential breakout level.
Stop loss is at 93.100 which is a level that sits above an overlap resistance.
Take profit is at 92.369 which is a pullback support that lies above the 50.0% Fibonacci retracement level.
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NZDJPY to turnaround?NZDJPY - 24h expiry
Price action looks to be forming a top.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes.
Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Bespoke resistance is located at 93.30.
We look to Sell at 93.30 (stop at 93.55)
Our profit targets will be 92.70 and 92.30
Resistance: 93.30 / 93.50 / 93.80
Support: 92.90 / 92.60 / 92.30
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.
JPY Pairs at Key Resistance Overview
Most Yen pairs are at or nearing key resistance on daily, weekly, and monthly time-frames.
The Details
The Yen continues to weaken against global currencies due to negative interest rates set by the Bank of Japan (BOJ) and higher interest rates from the RBA, RBNZ, ECB, BOE, SNB, FED, etc.
The BOJ are edging closer to changing rates to zero or positive. This could strengthen the Yen, or at least stabilise the JPY selling.
The BOJ may intervene in the FX rate if JPY continues to weaken further, meaning possible JPY bullish volatility.
The Technicals
AUDJPY at weekly horizontal channel resistance
CHFJPY at monthly bullish channel resistance
GBPJPY nearing monthly horizontal resistance
NZDJPY at monthly horizontal resistance
SGDJPY at daily horizontal resistance and nearing previous daily trend support as resistance
USDJPY around weekly horizontal resistance
NZDJPY H1 | Potential bullish reversalNZD/JPY is falling towards an overlap support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 92.989
Why we like it:
There is an overlap support level
Stop Loss: 92.646
Why we like it:
There is a pullback support level
Take Profit: 93.358
Why we like it:
There is a pullback resistance level
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.
NZDJPY has potentials to go higherWith my 4 hr analysis, I spotted a significant uptrend and price making a pullback after the initial break of structure. in the smaller timeframe, it showed a bullish flag pattern also indicating the presence of bullish precision. we are to enter a buy once top line is broken but aggressive buyers can enter now.