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Nzdjpyforecast

NZDJPY starting the month under bearish biasThe pair reached a strong level from the weekly realm, acting as resistance; the previous week, the market closed with a bearish pin bar, giving some confirmations for the downtrend movement to come. Now moving into the intraday domain at H1, the price has failed to form a fresh HH, looking for additional bearish confirmation to place a short entry with a potential R:R | 1:5 -- *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***
Short
by OGFXTRADER
2
NZDJPY CLEAR BEARISH ?As we can see nzdjpy moving forward as a bullish structure and we know that when bullish trend , the trend also have nature structur which is impulse , correction , continuation , reversal as we can see nzdjpy haven't higher low so here we see the clear rising wedge pattern and bearish divergence maybe can push nzdjpy to bearish (making higherlow) however we still need some confirmation like bearish flag at lower timeframe or shooting star on 4H timeframe to execute this pair
Short
by ITCFX
NZD/JPY buying opportunity For this specific pair we just corrected to the 0.618 FIB level and we expect the market to reject that level since we have a confluence of support in this strong area of demand. the environment might shift to a bullish environment in maybe an hour or two , you might want to put this pair on your watchlist. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
Long
by TheDayzen
NZD/JPY Full Analysis UpdateGood day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We Have an overextended "W" Formation and we expect a retracement at least to the 0.382 FIB level or to the neckline . Weekly : We also have an "W" formation as well and we just completed the pattern. Daily : We have a rising wedge so we expect to retrace to the neckline level and also we can see a head and shoulder forming.We are currently sitting at a strong area of support and we do have a Demand zone below that we can be targeting to grab more liquidity for the next impulse . COT : Institution have been decreasing net positions in JPY since they closed more than 8500 long positions and added to 1100 Short position during the last report. From an NZD perspective we are still looking at a steady NZD because hedge funds closed almost the same amount of long and short position and their net position only went from 11647 to 11544 which mean that there is still buy limits that needs to be filled and that explain the corrective move that we are expecting before the impulse . 8H:We are still in a bullish environment and we are in an accumulation phase before the drop due to the correction. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. You can also leave a comment and let me know which pair you'd like me to analyze in my next idea. Trade safe !!!
by TheDayzen
NZD/JPY Full analysis Good Day traders !! On this pair we have on the Monthly timeframe an interesting situation since we had a massive impulse that is during more than 5 months now and we expect to see some correction. By taking the Fibonacci retracement on the current impulse leg we can set three potential targets for short setups. On the weekly timeframe we have a market that is providing a massive impulse and is showing some weakness lately which can lead to a correction on the market. On the Daily timeframe we have an "W" formation and we expect the market to drop at least to the neckline. From an institutional perspective we have institution adding more short than longs on the NZD and on the JPY we are looking at an exact number of long and short position added during the last report. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
Short
by TheDayzen
NZD/JPY could fly SOON!Hey tradomaniacs, NZD/JPY has formed an S/H/S-Pattern and could break above the Neck-Zone very soon. If we see a break above we see a confirmed trendchange with the previous break out of the Trendchannel. I`m watching this pair carefully as JPY-Weeakness seems to continue. Pre-conditions for long-trade would be overall a risk-on-sentiment in the stockmarket and so a weak US-DOLLAR. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
NZDJPY Break and retest cycle will it reach 2020 high ?NZDJPY ********* ⏳Day chart 🎲 Detailed analysis ⛳️Bullish entry —————-❇️——————- Detailed analysis 💬 1️⃣ Notable break and retest happens twice 2️⃣ 71.630 Multi month highs strong support 3️⃣ Positive risk sentiment, Vaccine news 4️⃣ 72.00 Dynamic support and resistance 5️⃣73.600 acted as strong resistance-Key trend reversal area 6️⃣ 70.110 50% Fibonacci will Acted as strong support/Point of control coincidence 7️⃣ Technical support - Bullish 8️⃣ 73.600 will acted as key reversal-bearish 9️⃣ 2020 High will act as alternative bearish entry-Double top formation 🔟 Possible swing target-73.600 #️⃣ Overall long-term trend- Bullish —————-❇️——————- 📉 Technical bias-Day-Bullish Price is above 50,100,200 Exponential moving average 50,100 Exponential moving average will act as support-Bullish Relative strength index - well above 60 - Bullish trend MACD -Histogram is slowly fading towards red, Oscillators about to cross soon Stochastic - Reached around 75- overbought condition will give a short term fall back expected Ichimoku cloud -cloud is still green-Price is well above the cloud Bollinger band- Price reached around the upper side of the band-Short term bearish correction towards middle band was expected —————-✳️——————- Key reversal area's 70.000 psychological level 70.110Point of control area Volume analysis 71.670 June,July,August month highs 69.000 Lower side of the recent consolidation phase 73.000 Major psychological level 73.660 Possible entry- Bear 73.660 Trendline resistance/Alternative Bearish entry —————-✳️——————- Bearish entry #yen #kiwi #nzdjpy Entry price - 72.150 Take profit 01 - 72.800 Take profit 02 - 73.600 🚫 Stop lose 71.200 ⬆️ 2.00 Growth expected ⤴️ Account growth 1: 2 ✅ Risk reward ratio 1 : 2 —————-⚜️——————- Push the like button , And cheer up if you found useful
Long
by forexorbit
2
NZDJPY - Big short sell opportunity almost readyLike I said before i’m anticipating for a big bearish move on NJ when it reached the top of daily ascending channel. However, as I said, we must never take any short trade blindly but to wait for the market to give us any confirmation because the price reach this area in impulsive leg. After that, thir pair continue to move upside seems like breaking the ascending channel structure. However, I never changed my bias and still looking for a short sell entry. I’m already anticipating this kind of fake move because it’s a typical market nature to catch people on the wrong side. Now, that the price has broken back into the channel, the probabilty of this pair will go lower have become higher in my opinion. I will now just anticipating the price to form a corrective structure. In high probability area like this, even small corrective structure Any break from any bearish continuation pattern now will trigger my short sell entry with sl above the corrective structure with target up to the low of the descending channel and can even go lower depending on how the market reach that area. Massive reward available in front of us,. Lets see if we can capitalize it or not now... Good Luck
Short
by moa_trading_journal
1
NZDJPY - A big short opportunity may present it selfGNZDPY is at the top of corrective ascending channel right now. It reach this area impulsively. The price already got a little rejected right now. I will wait for this rejection to go a little further. After that,if i get a bearish continuation pattern to confirm the move to the downside, i will happily take short trade at the break of the continuation pattern as i draw in the chart. On the other hand, if i dont get the confirmation i will still be watching this pair from the sideline
Short
by moa_trading_journal