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NZDJPY

NZDJPY Bearish OutlookThe NZDJPY is testing a local resistance zone that has been tested as a support 5 times before. Moreover, the zone includes a Fibonacci level of 38.20, a descending trendline, and the 4-hour 50-period moving average. All of these factors make a strong case for a possible downward reversal, with a potential next target of 81.20. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
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
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