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Nzdjpyidea

NzdJpy- New leg of correction?There have been 3 fabulous months for NzdJpy (In fact for all JPY pairs), with the pair gaining around 1200 pips, but more importantly, more than 15% (a lot for a forex pair). As it was normal after such a run, after reaching 87 figure, the pair dropped hard, making the first leg of correction. Now the pair is in recovery again and a new leg down can follow. Resistance lies between 84.50 and 85.00 and in this zone, I will look to sell. On the other hand, NzdJpy back above 85.50 could mean the resumption to the long-term bull trend.
Short
by Mihai_Iacob
3
NZDJPY trade idea at 30mcurrently, we are seeing the price held by a strong support level at 86.610, I will wait for the price to break out of the support level with strong momentum down before placing any sell order. **Disclaimer** the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
NZDJPY - Is the WAR SENTIMENT OVER? Will BE MARKET RISK OFF? - The DATA BUILDING CONSENTS, ANZ business confidence, for the New Zealand dollar is due out this week. These are very LOW IMPACT NEWS. According to the MARKET SENTIMENT, a DEMAND may come to the NZD this week. Also, the Japanese yen is following the market sentiment as there is no special data release for JPY. - China has decided to lock down the Shanghai area of China due to the further escalation of the corona virus. It is not clear whether this is a new variant or an old variant. Stay tuned for this. This could affect NZD AUD CURRENCIES in the future. - NZD FEATURE is currently down a bit. The main reason for this is that MARKET RISK is starting to OFD and STOCKS are starting to DOWN. The NZD FEATURE stands at 0.6930 LEVEL. JPY FEATURE is heavily DOWNED according to MARKET SENTIMENT and JPY ECONOMIC PROJECTION. Anyway, if there is a CORRECTION that can be JPY UP in the future. Stay tuned for the VIX INDEX. Its price is above NZDJPY DYNAMIC LEVELS. - Currently the OVERALL MARKET is RISK OFF. Also STOKES are getting a bit RED. VIX UP is becoming. Also COMMODITIES are now slowly DOWN. - NZDJPY currently has a SHORT TERM UPSIDE BIAS. Maybe the NZDJPY price will move to 87.32 LEVEL. - If the market risk goes off anyway, you can definitely BREAK the NZDJPY TREND LINE and sell at 82.09 LEVEL. - Maybe a little PULLBACK can come before the NZDJPY BUY according to the MARKET CONDITION. Today is Monday so we have to wait for the LONDON SESSION. - Stay tuned for market sentiment and NZD FEATURE CHART, JPY FEATURE CHART, VIX CHART. From this we can see the trends against markets against NZDJPY and the MARKET SENTIMENT. - Now the price is above the dynamic levels so maybe the PRICE for DYNAMIC S / R LEVEL can be a RETRACEMENT.
by benny_marshall
NZD/JPYThe New Zealand dollar continues to rally rather significantly, especially against the Japanese yen. The Japanese yen has been crushed against almost everything on the planet, and it looks as if the New Zealand dollar is trying to clear the ¥85 level. Breaking above there would open up the possibility of a runaway market. That being said, I would not be surprised at all to see a little bit of a short-term pullback in order to build up momentum. The ¥82 level is the previous high that should now offer a little bit of support.
by SmoothJB