NZDJPY facing bullish pressure | 1st July 2021NZDJPY is facing bullish pressure as it holds above moving average support and MACD holds above 0 line. We could see further upside above Buy Entry, in line with 50% Fibonacci retracement, 78.6% Fibonacci extension, and horizontal pullback support, towards Take Profit, in line with 78.6% Fibonacci retracement, 78.6% Fibonacci extension, and horizontal pullback resistance.
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Nzdjpylong
NZDJPY signal LONGHello friends.
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Everything on the chart.
open pos: market
target: 79
stop: (depending of ur risk). ALWAYS follow ur RM .
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NZDJPY - BULLISH BIASNZD - BULLISH
1️⃣ New Zealand’s GDP rose 1.6% quarter-on-quarter in the first quarter of 2021 after a revised 1.0% contraction in the previous period and against market expectations for a 0.5% surge. It is the biggest expansion since the 3rd quarter of 2019.
2️⃣ As a high-beta currency, risk-on market sentiment can give the NZD an advantage.
3️⃣ The Reserve Bank of New Zealand (RBNZ) may halt quantitative easing (QE) in the coming months as it prepares to raise rates, which also adds that market pricing indicates a more than 50% possibility of an OCR hike in November.
JPY - BEARISH
1️⃣ Positive global market sentiment could put pressure on safe-haven currencies like the JPY.
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TECHNICAL
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- We're buying this pair on pivot point + moving average area on H1 chart.
NZD/JPY Running In 85 Pips Profits From Last Analysis,Are U In?This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
NZD/JPY Full Analysis And New 2 Setups Available Here ! This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
16 June: NZDJPY seeing a reversal here Hi everyone!
Prices are pulling back to test its resistance zone at 78.676, in line with the 78.6% retracement where we could see a reversal here. Once prices reach the first take profit target which is also the support zone at 78.450, we will close out half the position and shift our stop loss to break even. What are your thoughts on this trade?
NZD/JPY with a nice long-opportunity!Hey tradomanicas,
looking at NZD/JPY I see a great long-chance as price just broke out of its previous correction.
After multiple tests of the accumulation-zone with previous high momentum it looks like price is ready to move up very soon.
Stop-Loss-Fishings indicate that retailers were long and already taken out, which is another strong evidence for a long-scenario here as big players are grabbing liquidity.
Technically we see a breakout which could attract more buyers to hop in!
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Peace and good trades
Irasor
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'leap' of faith for further longLast Friday's formation of 4H TF bullish sign is not convincing, however overall it went up well above the lower trend line and strong sign of recovery from previous day's sell off (Note: I already took profit on Friday at 79). it could be just Friday's TP but if it breaks 79.05 it may jump higher to form a new confirmed 4h uptrend which from the chart seems an easy job if not done already during the weekend. Just my cents.
If it goes downhill, I don't think it can easily break 78.5 as it's near the limit to break the weekly trend line up and a well formed demand base.
NZDJPY - Larger PerspectiveIf we view this pair from a larger perspective we will see that in reality all sellers that were lured in at the breakout have now been stopped out.
This could mean that banks have significant liquidity to make the true move to the downside.
I will be waiting on a strong pullback before getting involved in long term sells.
NZDJPY - Zone to ZoneYesterday's collapse filled some of the imbalance from the strong move up.
We are now trading around a previous order block and showing signs of rejection, could this be signs of some bullish momentum prior to NFP?
Ideally, I would like to buy here to the higher OB but I will wait for further confirmation.
NZDJPY - Bullish BiasNZD - Strong Bullish
1️⃣ The RBNZ delivered a ‘Hawkish’ tone at today’s meeting by projecting that New Zealand interest rates will rise by 0.25% to 0.5% in September 2022.
JPY - Strong Bearish
1️⃣ Stock markets turned positive amid optimistic data from the US.
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Technical
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We are buying the NZDJPY at support + above SMA50 on M15 chart. This is short-term trading.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.