NZDJPY
NZDJPY to turnaround?NZDJPY - 24h expiry
Previous support located at 85.00.
Previous resistance located at 85.50.
Price action looks to be forming a top.
Short term momentum is bearish.
A move through 85.00 will confirm the bearish momentum.
We look to Sell a break of 85.28 (stop at 85.78)
Our profit targets will be 84.08 and 83.78
Resistance: 85.50 / 85.80 / 86.00
Support: 85.00 / 84.00 / 83.50
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.
NZDJPY - 4hrs ( Buy Trade Target range 240 PIP ) 💲Pair Name : NZD/JPY
🗨Time Frame : 4hrs
➕Scale Type : Large Scale
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✔️ Key Technical / Direction ( ↗️ Long )
Type : Mid Term Swing
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🔰Bullish Break
85.700 Area
Reasons
- Major Turn level
- Visible Range Lvn
- Visible Range Value
- Quarter High Area
- Fixed Range Lvn
🔰Bearish Reversal
88.250 Area
reasons
- Major Turn level
- Visible Range / D Hvn
- Year High
- 2 Quarter High
- 3 Quarter High
- Fibo Golden Zone
NZDJPY: Approaching the Sell Zone.NZDJPY has been trading sideways inside a Rectangle pattern for a full year. Our TP = 86.300 is close to getting hit, the 1D technicals are naturally green (RSI = 65.478, MACD = 0.580, ADX = 24.917) since we are on a bullish wave but the price is approaching the Sell Zone of this pattern. That is the region between the 0.786 Fibonacci level (86.300) and the R1 Zone (87.335 - 88.145).
In addition, the 1D RSI hasn't been higher since November 1st 2022. Consequently, we are going short now targeting on the long term the 0.236 Fibonacci (TP = 81.550).
Prior idea:
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Second Chance to ShortTraders who missed out on the previous shorting opportunity may have a second chance at hand with the potential setup of Type2 Bearish Shark and Type2 Bearish Deep Gartley pattern in the market.
However, it is important to note that one of the downsides of Type2 setup is its unpredictability, and it may not always work.
To mitigate the risk, it is crucial to exercise patience and wait for a candlestick pattern confirmation before engaging in the trade.
Rushing into the market aggressively without proper confirmation could lead to unwanted consequences.
NZDJPY Buy opportunity with its invalidation.The NZDJPY pair has been on a strong rebound ever since the April 26 hit on the 1W MA100 (red trend-line), which has been the major long-term Support. Even though it got rejected on the 85.265 Resistance, as long as the 1D MA50 (blue trend-line) holds, we will be bullish targeting the bottom of the Resistance Zone at 86.500. The 1W RSI is printing a pattern similar to October 2021 - February 2022, supporting this bullish scenario, as the price has also broken above the top's Lower Highs trend-line.
On the other hand, if we close a 1D candle below the 1D MA50, the bullish case will be invalidated and we will sell targeting the 80.600 Support.
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nzdjpyThis pair has not yet given us the expected correction, so we will put a pending operation for today. Remember that in assets that are in a strong trend we look for reversals, so it is necessary to put the operation in breakeven when passing an appropriate stretch.
Este par aun no nos ha dado la corrección esperada, así que pondremos una operativa pendiente para el día de hoy. Recordar que en activos que están en fuerte tendencia buscamos retrocesos, por lo que es necesario poner la operativa en breakeven al pasar un tramo apropiado.
NZD/JPY BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
NZD/JPY pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 83.500 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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NZDJPY - Catch This Easy Trade!NZDJPY is currently in an an ABC correction. We have seen wave A, which was a leading diagonal and now completing wave B. We want to catch wave C which is marked out by the arrow.
Trade Idea:
- Watch for a break of the red trendline for confirmation
- Enter with stops below price
- Targets: 83.5 (350pips), 85 (500pips)
Goodluck and as always, trade safe!
NZDJPY to find support at previous resistance?NZDJPY - 24h expiry - We look to Buy at 83.65 (stop at 83.25)
Previous support located at 84.00.
Previous resistance located at 84.25.
There is no clear indication that the upward move is coming to an end.
A lower correction is expected.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 84.65 and 84.85
Resistance: 84.25 / 84.50 / 85.00
Support: 84.00 / 83.50 / 83.25
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NZDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring NZDJPY for a selling opportunity around 84.300 zone, NZDJPY is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 84.300 support and resistance zone.
Trade safe, Joe.
NZDJPY to find buyers at market?NZDJPY - 24h expiry
Previous support located at 84.25.
Previous resistance located at 84.50.
We have a 38.2% Fibonacci pullback level of 81.50 from 85.50 to 84.00.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 84.50 will confirm the bullish momentum.
We look to Buy at 84.00 (stop at 83.60)
Our profit targets will be 84.95 and 85.25
Resistance: 84.50 / 85.00 / 85.50
Support: 84.25 / 84.00 / 83.75
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: Day Trading Analysis With Volume Profile 📊 On NZD/JPY is nice to see strong buying reaction from the price 83.230 and 83.692 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Uptrend + Volume cluster are my mainly reason for this long trade....
Happy trading
Dale
✅TS ❕ NZDJPY: before a reversal✅✅ NZDJPY is trading in the range.
The price reaction again indicates a confirmation of the resistance area.
The chart pulls back from the current level. ✅
🚀 SELL scenario: short to 84.122 🚀
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NZD/JPY Expected Growth! BUY!
My dear subscribers ,
This is my opinion on the NZD/JPY next move:
The market is trading on 84.777 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Target - 85.684
My Stop Loss - 84.309
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
✅NZD_JPY BEARISH SETUP|SHORT🔥
✅NZD_JPY went up after the
Breakout of the key level just
As I predicted in my previous
Analysis but now the pair
Is approaching a horizontal
Resistance level at 85.2
From where I think a
Pullback and a correction
Will follow
SHORT🔥
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