NZD/JPY: Poised at Rising Wedge, Awaiting Breakout➡ Poised at a rising wedge, indicating potential for breakout on either side
➡ Resistance levels to watch: 91.52
➡ Support levels: 85.39 and 83.04
This currency pair is currently in a rising wedge formation, a pattern that typically suggests forthcoming volatility with a possible breakout. Traders should closely monitor these levels to anticipate the next significant move.
NZDJPY
NZD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
NZD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly 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 89.810 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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NZDJPY "Kiwi yen" Bank Bearish Robbery Plan on Short sideOla Hola Robbers / Traders,
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NZD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are now examining the NZD/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 87.651 level.
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NZDJPY Trade IdeaThe NZDJPY pair has been exhibiting a robust bullish trend, clearly visible on the four-hour chart with a pattern of higher highs and higher lows. My outlook is bullish, with a stop loss set just below the previous value area low and a target at the recent swing high, as indicated in the chart. Please note, this is a trading idea, not financial advice.
NZDJPY - 4hrs ( Buy Trade Target Range 300 PIP ) Pair Name : NZD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Long )
Type : Mid Term Swing
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Bullish Break
89.550 Area
Reasons
- Inner Trend Break
- Day / week High
- Choch Area
- Fibo Golden
- FIxed Poc
- Visible Range Lvn
Bearish Reversal
93.500 Area
reasons
- Major Turn level
- Visible Range Hvn
- Fixed Range Value
- Choch
- Quarter's Area
NZDJPY Breakout And Potential RetraceHey Traders, in the coming week we are monitoring NZDJPY for a selling opportunity around 90.800 zone, NZDJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 90.800 support and resistance area.
Trade safe, Joe.
NZD/JPY: A Potential Reversal in the MakingThe NZD/JPY pair has recently caught the attention of traders following a notable drop to the 83.000 level. This move downwards was met with significant demand pressure, setting the stage for what appears to be a potential reversal. Starting from last Wednesday, the pair has shown signs of recovery, indicating that a bullish trend might be on the horizon.
From a Supply and Demand perspective, the dip to 83.000 acted as a critical demand zone, where buyers stepped in to support the price. This zone, which had previously been tested, held firm, suggesting that there is substantial interest in the NZD/JPY at these levels. As the pair began to rise from this support, it confirmed that the demand pressure was strong enough to halt the decline and possibly reverse the trend.
Adding to the bullish sentiment is the analysis of the Commitment of Traders (COT) report. The latest data indicates a shift in positioning among large speculators and commercial traders. These market participants, who often have access to more comprehensive market data and insights, appear to be positioning themselves for a potential upward move in the NZD/JPY. This shift in sentiment among key market players further reinforces the likelihood of a reversal.
Seasonality also plays a role in our bullish outlook. Historically, certain times of the year have been more favorable for the NZD/JPY pair, with increased demand for the New Zealand dollar during specific seasons. This seasonal trend, combined with the current technical setup and COT data, provides a strong case for considering a long position in the pair.
In conclusion, the recent drop in NZD/JPY to the 83.000 level has sparked a potential reversal, supported by strong demand, favorable COT positioning, and seasonal factors. Traders looking to capitalize on this opportunity should consider a long position, keeping a close eye on further developments in the market.
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NZD/JPY BULLS ARE GAINING STRENGTH|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 1H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 88.771 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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Potential bullish rise?NZD/JPY has bounced off the pivot which acts as a pullback support and could rise to the 1st resistance identified as an overlap resistance.
Pivot: 87.19
1st Support: 85.45
1st Resistance: 89.94
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Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZD-JPY Will Keep Growing! Buy!
Hello,Traders!
NZD-NZD is now trading
In a local uptrend and the
Pair went above the key
Horizontal level of 87.000
Which is now a support
Then made a retest and
Is going up again now
So we are locally bullish
Biased and we will be
Expecting a local
Bullish move up
Buy!
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Check out other forecasts below too!
NZD/JPY Daily setupThe NZD/JPY pair has fallen by 920 pips over the past 15 days. Such a significant and sustained decline is unlikely to continue indefinitely without a corrective pullback. Currently, the price has halted its downward momentum and is beginning to reverse near my key area of interest.
Key Confluences:
The pair is rebounding off a descending trend line that has been in place since November 2023.
It is also bouncing off an ascending trend line that has been in place since August 2023.
The price is reacting to the 0.786 Fibonacci retracement level.
It is rejecting the significant psychological level of 90.000.
Market Structure
The JPY basket has reached a resistance level and is starting to decline.
These factors suggest a potential reversal or correction in the NZD/JPY pair.
NZD/JPY 4hr TF
Has currently closed on the 4 hour TF nicely I expect NZD/JPY to start having an healthy pull back.
JPY Basket weekly TF
Is currently reacting off my area of interest I expect price to start moving lower.
JPY Basket Daily TF
JPY Basket 4hr TF
NZDJPY: Testing Key Support - Will It Bounce?Trendlines are a fundamental concept in technical analysis, used to identify and confirm the direction of a trend. They are drawn by connecting a series of price points to highlight the prevailing direction of the market, whether it be upward, downward, or sideways.
A trendline acting as support is a line drawn below the price action, connecting two or more significant low points. When the price approaches this trendline, it often finds buying interest and 'bounces' off it, resuming its upward trajectory. Conversely, a trendline acting as resistance is drawn above the price action, connecting significant high points. When the price approaches this trendline, it often encounters selling pressure and 'bounces' downward.
Currently, NZDJPY is trading near a trendline that has previously acted as a robust support level. Historically, this trendline has successfully caused the price to bounce upwards when touched. Given this historical behavior, there is a strong possibility that the trendline will once again act as a support level, causing the price to bounce back up.
A confirmed bounce could present a buying opportunity, while a break below the trendline might indicate a shift in market sentiment and a potential trend reversal.
Key Points to Watch:
Trendline Support: Observe the price action near the trendline. A bounce off this line would reaffirm its role as support.
Volume Confirmation: Increased trading volume on the bounce can provide additional confirmation of the support level's strength.
Candlestick Patterns: Look for bullish reversal patterns (e.g., hammer, bullish engulfing) near the trendline, which can signal a potential upward movement. It's important to monitor the closing of today's candlestick; a bullish reversal candle would be a strong indicator of a potential bounce.
Stop-Loss Placement: Consider placing stop-loss orders just below the trendline to manage risk in case of a breakdown. In this analysis, stop-loss placements are marked with a red line labeled "SL."
NZDJPY BUY | Idea Trading AnalysisNZD/JPY is falling towards a support level which is a pullback support and could bounce from this level to our take profit.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity NZDJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
[NZDJPY] Second long entry for swingOn this asset, I already took on entry as published previously. It was a very anticipated entry, I then just had the confirmation for my long entry with more confidence on this trendline break so it was time to "load the boat" heavy.
I am expecting a huge upside move for the next days/weeks so let's manage this trade properly.
Great Trade !
Watch out for BoJ tomorrowThe BoJ will be coming out with its interest rate decision tomorrow. Be careful with your yen positions, if you have any.
#nzdjpy FX_IDC:NZDJPY EASYMARKETS:NZDJPY
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Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.